Significant events IN THE FIRST QUARTER OF 2022
Biogas volumes at stable levels, 85.4 (90.4) GWh.- New long-term objective for 2030 defined - 3 TWh biogas production
- Strengthening of the growth function and the Program Office in the Group management to meet the growing demand for Bio-LNG.
-
In
Sweden , the Stockholm Bio-LNG project and the process of ISCC certification of plants have started. -
In
Norway , the Skogn II project is on track and is in an advanced stage of construction. -
Profitability significantly impacted by production subsidy in
Sweden not being paid in the first quarter but only from1 July 2022 .
RESULTS FOR FIRST QUARTER OF 2022
- Energy sold decreased by 5.5% to 85.4 (90.4) GWh, due to that the comparative period included revenue of 5,8 GWh of LNG that this quarter was 0.0 Gwh.
-
Net sales totalled
SEK 92.9 (97.5) million, representing a decrease of 4.7%. -
Total revenue, including capitalised work, decreased by 6.6% and was
SEK 98.4 (105.3) million. -
EBITDA was
SEK 3.7 (16.9) million. -
Operating EBITDA was
SEK 3.7 (16.9) million. - Operating EBITDA margin was 3.9 (17.0) %.
-
Loss after tax was
SEK -11.9 (-7.3) million. -
Basic and diluted earnings per share was
SEK -0.39 (-0.24). -
Cash flow from operating activities was
SEK -15.4 (-2.4) million.
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
- Given recent energy and emission price levels in selected export markets and user segments, Bio-LNG is assumed to have a
50-100 % premium compared to Group's current CBG prices. - The Group remains committed to its growth plan and long-term objectives, and will under current circumstances, assess viable financing options including both current growth projects as well as new project opportunities in the pipeline.
- In a press release issued on 11 April, it was reported that profitability in the first quarter of 2022 will be significantly lower than planned.
This disclosure contains information that
For further information, please contact:
Mobile +46 (0) 70 597 99 38
E mail matti.vikkula@scandinavianbiogas.com
Scandinavian
https://news.cision.com/scandinavian-biogas-fuels-international-ab--publ-/r/q1--weak-result-but-expected-significant-price-premium-with-bio-lng,c3555160
https://mb.cision.com/Main/1925/3555160/1570540.pdf
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