Business description: Scatec ASA

Scatec ASA is a Norway-based renewable energy solutions provider. The Company develops, builds, owes and operates solar, wind and hydro power plants and storage solutions across four continents. Scatec reports on four operating business segments: Power Production (PP), Services, Development & Construction (D&C) and Corporate. The Power Production segment manages the Group’s power producing assets and derives its revenue from the production and sale of solar, winds and hydro generated electricity based on long-term Power Purchase Agreements or Feed-inTariffs. The Services segment comprises Operations & Maintenance (O&M) and Asset Management services provided to solar and hydro power plants where Scatec has economic interest. The Development & Construction segment derives its revenue from the sale of development rights and construction services to project entities. Corporate consists of the activities of corporate and management services.

Number of employees: 737

Sales by Activity: Scatec ASA

Fiscal Period: December 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK) 2025 (NOK)

Development & Construction

137M 1.07B 8.18B 2.29B 5.75B

Power Production

4.18B 4.52B 4.11B 4.71B 4.76B

Unallocated Residual Ownerships Interests

1.2B 1.31B 3.16B 1.98B 1.57B

Elimination of Equity Consolidated Entities

-2.33B -2.8B -2.11B -2.01B -2.38B

Other Eliminations

-439M -1.46B -9.04B -2.66B -6.13B

Corporate

42M 56M 50M 59M 61M

Services

261M 312M 373M - -

Geographical breakdown of sales: Scatec ASA

Fiscal Period: December 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK) 2025 (NOK)

South Africa

1.14B 1.11B 1.07B 1.83B 1.38B

Egypt

596M 644M 657M 653M 617M

Ukraine

303M 175M 440M 539M 494M

Malaysia

348M 346M 364M 374M 394M

Pakistan

- - - 74M 177M

Jordan

143M 158M 171M 181M 172M

Honduras

197M 200M 232M 398M 161M

Czech Republic

122M 128M 150M 129M 142M

Botswana

- - - - 50M

Other

21M 16M 26M 109M 22M

Vietnam

70M 83M 95M 81M 16M

Cameroon

- - 58M - -

Mozambique

83M 93M 97M - -

Netherlands

- 29M 10M - -

Rwanda

20M 23M 26M - -

Executive Committee: Scatec ASA

Manager TitleAgeSince
Chief Executive Officer 55 2022-04-30
Director of Finance/CFO 57 2023-02-28
Chief Operating Officer 66 2024-07-31
Investor Relations Contact - -
Human Resources Officer - 2022-12-31

Composition of the Board of Directors: Scatec ASA

Director TitleAgeSince
Director/Board Member 61 2020-03-31
Chairman 63 2024-04-17
Director/Board Member 58 -
Director/Board Member 62 2022-04-30
Director/Board Member 46 2024-04-17
Director/Board Member 42 2024-04-17

Shareholders: Scatec ASA

NameEquities%Valuation
16.12 %
25,776,200 16.12 % 346 M kr
Folketrygdfondet
9.223 %
14,748,949 9.223 % 198 M kr
Handelsbanken Fonder AB
4.954 %
7,922,213 4.954 % 106 M kr
Storebrand Asset Management AS
4.678 %
7,480,650 4.678 % 100 M kr
Scatec AS
4.377 %
7,000,000 4.377 % 94 M kr

Company details: Scatec ASA

Scatec ASA

Askekroken 11

0277, Oslo

+47 48 08 55 00

http://www.scatecsolar.com
address Scatec ASA(SSO)

Group companies: Scatec ASA

NameCategory and Sector
Financial Conglomerates
Financial Conglomerates

Renewable IPPs

Change 5d. change 1-year change 3-years change Capi.($)
-3.49%-12.38%+58.43%+67.11% 2.03B
-0.33%-0.17% - - 36.78B
-0.52%0.00%+2.48%+35.09% 25.99B
+2.20%+5.98%+20.30%+23.29% 20.07B
-3.19%-7.61%+74.87%-33.96% 16.58B
+1.67%+7.81%+321.51%+318.24% 11.39B
-1.78%+4.02%+33.66%+29.03% 8.59B
-2.23%-4.54%+43.08%+30.69% 4.73B
+0.06%+2.11%+66.50%+9.43% 4.59B
+0.60%+6.74%+170.12%+32.36% 4.3B
Average -0.72%-0.56%+87.88%+56.81% 13.5B
Weighted average by Cap. -0.36%+0.14%+71.48%+52.47%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
118.90NOK
Average target price
129.57NOK
Spread / Average Target
+8.98%

Quarterly revenue - Rate of surprise