July 26, 2016 12:54 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Scatec Solar ASA

Company Overview

Scatec Solar ASA operates as an integrated independent solar power producer. The company operates through three segments: Power Production, Operation and Maintenance, and Development and Construction. It is involved in the project development and design, financing, engineering, procurement, construction management, operation and maintenance, and asset management of solar photovoltaic power plants. The company operates solar power plants with an installed capacity of 383 MW located in the Czech Republic, South Africa, Rwanda, Honduras, and the United States. Scatec Solar ASA was founded in 2007 and is headquartered in Oslo, Norway.

Karenslyst Allé 49

Oslo,  0279

Norway

Founded in 2007

132 Employees

Phone:

47 48 08 55 00

Key Executives for Scatec Solar ASA

Chief Executive Officer
Age: 61
Total Annual Compensation: 2.2M NOK
Chief Financial Officer
Total Annual Compensation: 2.1M NOK
Executive Vice President of Project Development & Project Finance
Total Annual Compensation: 1.9M NOK
Executive Vice President of Power Production & Asset Management
Total Annual Compensation: 1.8M NOK
Executive Vice President and General Counsel
Total Annual Compensation: 1.5M NOK
Compensation as of Fiscal Year 2015.

Scatec Solar ASA Key Developments

Scatec Solar ASA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Scatec Solar ASA reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported total revenues and other income of NOK 213.370 million against NOK 187.292 million a year ago. Operating profit was NOK 92.959 million against NOK 108.141 million a year ago. Profit before income tax was NOK 5.987 million against NOK 29.603 million a year ago. Profit attributable to equity holders of the parent was NOK 4.595 million or NOK 0.05 per basic and diluted share against NOK 18.598 million or NOK 0.20 per basic and diluted share a year ago. Net cash flow from operating activities was NOK 311.737 million against NOK 102.713 million a year ago. Investments in property, plant and equipment was NOK 333.340 million against NOK 1,159.190 million a year ago. EBITDA was NOK 153 million against NOK 146 million a year ago. Net interest bearing debt was NOK 4,489.8 million. For the six months, the company reported total revenues and other income of NOK 441.197 million against NOK 412.063 million a year ago. Operating profit was NOK 199.496 million against NOK 246.926 million a year ago. Loss before income tax was NOK 28.620 million against profit before income tax of NOK 102.364 million a year ago. Loss attributable to equity holders of the parent was NOK 41.594 million or NOK 0.44 per basic and diluted share against profit of NOK 38.085 million or NOK 0.41 per basic and diluted share a year ago. Net cash flow from operating activities was NOK 321.138 million against NOK 559.260 million a year ago. Investments in property, plant and equipment was NOK 754.859 million against NOK 1,828.055 million a year ago. EBITDA was NOK 318 million against NOK 324 million a year ago.

Scatec Solar ASA Appoints Jan Skogseth as Board of Director; Declares Dividend, Payable on June 15, 2016

Scatec Solar ASA announced that AGM was held on May 4, 2016, the shareholders approved the appointment of Jan Skogseth as board of director and approved the dividend of NOK 0.66 per share. Ex-date is May 5, 2016. Record date is May 6, 2016. Payment date is June 15, 2016.

Scatec Solar ASA - Analyst/Investor Day

Scatec Solar ASA - Analyst/Investor Day

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February 1, 2016
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--
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