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Nordic Financials ASA — Earnings Release 2023
Aug 31, 2023
3521_rns_2023-08-31_b4604f4e-d8d7-4fee-84ca-e2ccebb6b964.html
Earnings Release
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Aega ASA: second quarter and first half-year financial results.
Aega ASA: second quarter and first half-year financial results.
31 August 2023
Aega ASA had revenues of EUR 919 thousand in the second quarter of 2023. This corresponds to an increase of 26.4% compared to the same quarter last year (Q2 2022 EUR 726 thousand). EBITDA was positive with EUR 443 thousand (238) and reflects the increased size of Aega's portfolio of solar parks.
"In the first half of 2023, our focus has largely been on optimised operations. These were the last six months with price caps on the electricity we sell, and we have now finished a 17-month long, and sometimes demanding, period with regulations. We have had all our nine solar parks in full operation during the period without major deviations", says Nils P. Skaset, CEO of Aega ASA.
"In addition, the situation in Italy is that electricity consumption is increasing, and we saw this year's highest electricity consumption on 18 July this summer. This is not surprising and underpins the need for both more capacity and a more secure local energy supply in Italy. Solar power is a stated strategy, and we therefore believe that the competition for solar parks will increase, as will the opportunities in our business going forward. We are a local operator with the necessary expertise on the ground and I am confident that we are well equipped to meet these opportunities", Skaset concludes.
Attached is the company's half-yearly report for 2023.
For more information, please contact Nils P. Skaset, CEO
+47 951 88 154
About Agea
Aega ASA is an energy company listed on Euronext Expand in Oslo. Aega’s main focus is on the solar power market. The company acquires and operates smaller existing Italian solar power plants. In addition to being an industrial player it also considers financial investments in the solar and renewable sector.
The company’s head offices are in Oslo (NO) and Trento (IT). For more information, see www.aega.no