Scatec ASA (STU:66T)

€ 6.765 -0.11 (-1.6%) Market Cap: 1.10 Bil Enterprise Value: 3.17 Bil PE Ratio: 6.76 PB Ratio: 1.26 GF Score: 91/100

Q1 2023 Scatec ASA Earnings Call Transcript

May 05, 2023 / 07:00AM GMT

Release Date Price: €6.02 (+8.18%)

Transcript

Terje Pilskog

Scatec ASA - CEO

Welcome to the presentation of our first quarter results. It is good to see you all, and it's a privilege for me to present a very strong quarter for Scatec. With me today, I have our new CFO, Hans Jakob Hegge, who will present the financials. Hans Jakob has broad experience as CFO and from the energy industry, and I'm very excited to have him on board with me and he started just a few months ago. And after our presentation, we are ready to take your questions.

And before we start and go into the highlights, I'd like to draw your attention to the picture on the front page. Last month, we reached the milestone of receiving the first containers with batteries on-site in South Africa. And here, you can see this crane starting to lift the containers in place. This South African project, together with release and also together with the battery storage projects that we're doing together with SNAP in the Philippines is putting us in the forefront of experience regarding structuring and operating battery projects, storage projects, in combination with renewables and

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