Scatec ASA Logo

Scatec ASA

ISIN

NO0010715139

Ticker

SCATC

Sector

Utilities

Sub-Industry

Independent Power Producers & Energy Traders

Country

Norway

Year Founded

2007

About Scatec ASA

Company Description

Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in high growth 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.

Our course is set to capture value in the green transition
Scatec’s strategic action plan towards 2027
Scatec is a leading renewable energy company that aims to accelerate the deployment of reliable and affordable renewable energy in emerging markets. 

Our strategy, in short 
We will develop, build, own and operate renewable energy in emerging markets, and we will continue to secure long-term, profitable, and sustainable growth for Scatec. It is in our DNA to continually seize new opportunities. We now do so with a more focused approach and by maintaining a clear intention to create value.

Headcount

758

Served Area

Worldwide

Headquarters

Postboks 4156
0217, Oslo
Norway

Financial statements

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Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 26,663,000,000.00 33,030,000,000.00 36,730,000,000.00
Noncurrent Assets N/A 17,590,000,000.00 27,385,000,000.00 30,218,000,000.00
Property Plant And Equipment N/A 16,071,000,000.00 15,885,000,000.00 17,310,000,000.00
Goodwill N/A 40,000,000.00 797,000,000.00 758,000,000.00
Investments In Associates N/A 612,000,000.00 9,745,000,000.00 10,674,000,000.00
Deferred Tax Assets N/A 722,000,000.00 748,000,000.00 860,000,000.00
Other Noncurrent Assets N/A 144,000,000.00 210,000,000.00 616,000,000.00
Current Assets N/A 9,074,000,000.00 5,645,000,000.00 6,512,000,000.00
Trade And Other Current Receivables N/A 623,000,000.00 740,000,000.00 497,000,000.00
Cash and cash equivalents 2,824,000,000.00 7,788,000,000.00 4,171,000,000.00 4,132,000,000.00
Other Current Assets N/A 663,000,000.00 734,000,000.00 1,883,000,000.00
Equity And Liabilities N/A 26,663,000,000.00 33,030,000,000.00 36,730,000,000.00
Equity 3,640,000,000.00 9,467,000,000.00 9,919,000,000.00 8,803,000,000.00
Issued Capital N/A 4,000,000.00 4,000,000.00 4,000,000.00
Retained Earnings N/A -708,000,000.00 -493,000,000.00 -2,231,000,000.00
Share Premium N/A 9,720,000,000.00 9,775,000,000.00 9,819,000,000.00
Other Equity Interest N/A -929,000,000.00 -508,000,000.00 -1,560,000,000.00
Other Reserves N/A -221,000,000.00 16,000,000.00 671,000,000.00
Noncontrolling Interests N/A 673,000,000.00 649,000,000.00 540,000,000.00
Liabilities N/A 17,196,000,000.00 23,110,000,000.00 27,927,000,000.00
Noncurrent Liabilities N/A 13,701,000,000.00 20,197,000,000.00 23,888,000,000.00
Deferred Tax Liabilities N/A 205,000,000.00 589,000,000.00 743,000,000.00
Other Noncurrent Financial Liabilities N/A 572,000,000.00 249,000,000.00 12,000,000.00
Other Noncurrent Nonfinancial Liabilities N/A 1,575,000,000.00 1,387,000,000.00 1,618,000,000.00
Current Liabilities N/A 3,495,000,000.00 2,913,000,000.00 4,039,000,000.00
Trade And Other Current Payables N/A 760,000,000.00 812,000,000.00 594,000,000.00
Current Tax Liabilities Current N/A 90,000,000.00 24,000,000.00 37,000,000.00
Other Current Financial Liabilities N/A 131,000,000.00 90,000,000.00 108,000,000.00
Other Current Liabilities N/A 852,000,000.00 841,000,000.00 1,106,000,000.00
Line item in (nok) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 2,754,000,000.00 3,803,000,000.00 3,751,000,000.00
Revenue From Sale Of Electricity 2,771,000,000.00 3,038,000,000.00 3,002,000,000.00
Employee Benefits Expense 262,000,000.00 397,000,000.00 528,000,000.00
Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 777,000,000.00 892,000,000.00 1,832,000,000.00
Profit Loss From Operating Activities 1,292,000,000.00 2,012,000,000.00 723,000,000.00
Finance Income 57,000,000.00 47,000,000.00 115,000,000.00
Finance Costs 1,189,000,000.00 1,368,000,000.00 1,666,000,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method -16,000,000.00 765,000,000.00 749,000,000.00
Profit Loss Before Tax -238,000,000.00 759,000,000.00 -1,095,000,000.00
Income Tax Expense Continuing Operations 130,000,000.00 303,000,000.00 132,000,000.00
Profit (loss) -368,000,000.00 456,000,000.00 -1,228,000,000.00
Profit Loss Attributable To Owners Of Parent -478,000,000.00 388,000,000.00 -1,334,000,000.00
Profit Loss Attributable To Noncontrolling Interests 110,000,000.00 68,000,000.00 106,000,000.00
Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A -368,000,000.00 456,000,000.00 -1,228,000,000.00
Adjustments For Income Tax Expense N/A -214,000,000.00 -234,000,000.00 -170,000,000.00
Adjustments For Unrealised Foreign Exchange Losses Gains N/A 398,000,000.00 -69,000,000.00 268,000,000.00
Adjustments For Undistributed Profits Of Associates N/A -16,000,000.00 765,000,000.00 749,000,000.00
Cash Flows From Used In Operations N/A 1,671,000,000.00 2,072,000,000.00 756,000,000.00
Interest Received Classified As Investing Activities N/A 57,000,000.00 47,000,000.00 115,000,000.00
Cash Flows From Used In Investing Activities N/A -1,704,000,000.00 -8,081,000,000.00 -1,406,000,000.00
Proceeds From Changes In Ownership Interests In Subsidiaries N/A 159,000,000.00 0.00 18,000,000.00
Proceeds From Issuing Shares N/A 6,576,000,000.00 42,000,000.00 0.00
Proceeds From Borrowings Classified As Financing Activities N/A 0.00 4,699,000,000.00 0.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 18,000,000.00 25,000,000.00 26,000,000.00
Dividends Paid Classified As Financing Activities N/A N/A -12,000,000.00 -8,000,000.00
Interest Paid Classified As Financing Activities N/A 894,000,000.00 1,180,000,000.00 1,108,000,000.00
Cash Flows From Used In Financing Activities N/A 4,984,000,000.00 2,413,000,000.00 221,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 4,951,000,000.00 -3,597,000,000.00 -428,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 13,000,000.00 -20,000,000.00 389,000,000.00
Cash and cash equivalents 2,824,000,000.00 7,788,000,000.00 4,171,000,000.00 4,132,000,000.00

Please note that some sums might not add up.

Filings & Publications

  • Consolidated Report 2022 - Q4 English 🇬🇧 Published: 09.05.2023
  • Consolidated Report 2021 - Q4 English 🇬🇧

Capital Markets Information

ISIN

NO0010715139

LEI

5967007LIEEXZXIARK36

Industry Group

Utilities

Listed Stock Exchange

Oslo Børs

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