30 November 2023 Aega ASA had revenues ofEUR 1,136 thousand in the third quarter of 2023 (Q3 2022 EUR 755 thousand). EBITDA was positive withEUR 771 thousand (Q3 2022 EUR 219 thousand). "In Q3 we reached a new milestone with the highest quarterly production ever recorded for Aega. This is of course satisfying as the team has done a great job keeping all solar parks up and running with minimal downtime, in the most important quarter of the year when it comes to solar irradiation. High production and lifting of the imposed price cap resulted in record levels also for our revenues. I am very plaesed to see that our strong focus on operations and cost-control through the somewhat challenging period with price-capping pays off", says CEONils P. Skaset . Strong macro environment for solar inItaly : "The Italian market for Solar PV parks is very strong and in constant growth and development, much due to the important effect that it is now feasible to run a new built Italian solar PV plant on sustainable business terms without subsidies. Therefore, we have recently expanded our know-how to development and construction of new plants, while acquisitions, ongoing operations, maintenance, and management support is at our core competence both historically and today. We have increased our pipeline of smaller power plants considerably, for a greener and more sustainable electricity production, and have expanded our footprint, experience, ambitions, and reputation inItaly ", Skaset adds. Attached is the company's third quarter report. For more information please contact Nils P. Skaset, CEO +47 951 88 154 ceo@aega.no About Agea:Aega ASA is an energy company listed on Euronext Expand inOslo . Aega's main focus is the solar power market inItaly . The company develops, acquires and operates smaller existing Italian solar power plants. In addition to being an industrial energy producer we also consider investments in the solar and renewable energy sector. The company's head offices are inOslo (NO) andTrento (IT). For more information, see www.aega.no
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