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The latest announcement is out from Scana ASA ( (DE:1MP) ).
Scana ASA reported its first-quarter results for 2025, highlighting a challenging period marked by a low order intake in previous quarters that impacted revenues and EBITDA. Despite a solid order backlog, the company faced slower project activity and profitability issues, prompting cost and efficiency measures. The Offshore division drove order intake with significant contracts, while the Energy division experienced setbacks, including a cancelled project in Sweden. Scana’s long-term order backlog remains robust, providing a foundation for future performance.
More about Scana ASA
Scana is an industrial owner of technology and services for the energy and offshore industries, with a history dating back to the early 1900s. Headquartered in Bergen, the company employs over 600 people and is known for its leadership in technology and innovation.
Average Trading Volume: 681,712
Current Market Cap: NOK916.4M
For an in-depth examination of 1MP stock, go to TipRanks’ Stock Analysis page.