The Norwegian renewables firm reports a GAAP EPS loss of NOK 0.41 despite higher production and proportionate revenues of NOK 2.3 billion.
Scatec ASA reported a second-quarter GAAP loss of NOK 0.41 per share, contrasting with revenue growth of 3.8% year-over-year to NOK 1.37 billion. Proportionate revenues reached NOK 2.3 billion, while EBITDA stood at NOK 1.0 billion.
Production climbed to 1,135 GWh, boosted by 278 GWh from new projects. Cash flow to equity fell to NOK 258 million from NOK 571 million in the same period last year, driven by lower contributions from the Philippines.
The company updated its full-year outlook following the results.