Changes in Scatec’s segment reporting structure effective as of 1 January 2024
05 April 2024 - 8:30AM
Changes in Scatec’s segment reporting structure effective as of 1
January 2024
Oslo, 5 April 2024: As announced in the fourth
quarter 2023 financial report, Scatec has reorganised its segment
reporting structure from 1 January 2024. The group’s revenues and
operating expenses from the Services segment are now reported as
part of the Power Production segment.
The merger of the two segments results in an increase of Power
Production EBITDA corresponding to the EBITDA previously reported
in the Services segment. External revenues from Services are now
included in revenues in the Power Production segment, and the net
of internal revenues and operating expenses is part of Power
Production operating expenses. The estimated increase in Power
Production EBITDA for 2024 is 120-130 million, equalling the
estimated outlook for Services presented in the fourth quarter 2023
financial report.
Following the change, Scatec’s segment structure consists of
three segments: Power Production, Development & Construction
and Corporate.
The segment financials for 2023 have been restated with the new
segment reporting structure, which is attached and available on the
Company’s website.
Scatec will publish its first quarter 2024 results on Tuesday 30
April 2024.
For further information, please contact:Andreas
Austrell, VP Investor Relations tel: +47 974 38 686, email:
andreas.austrell@scatec.com
About Scatec Scatec is a leading
renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a
long-term player, we develop, build, own, and operate renewable
energy plants, with 4.6 GW in operation and under construction
across four continents today. We are committed to grow our
renewable energy capacity, delivered by our passionate employees
and partners who are driven by a common vision of ‘Improving our
Future’. Scatec is headquartered in Oslo, Norway and listed on the
Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn
more, visit www.scatec.com or connect with us
on LinkedIn.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
- Historical financials 2023 - new segment reporting
structure
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