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Scana ASA Reports Solid Q3 Performance Amid Strong Order Intake

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Scana ASA Reports Solid Q3 Performance Amid Strong Order Intake

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Scana ASA ( (DE:1MP) ) has issued an update.

Scana ASA reported a solid third quarter with an EBITDA of NOK 38 million and an order intake of NOK 453 million, driven by high activity levels in its Offshore division and efficiency measures. Despite low revenue and negative margins in the Energy division, a strong order backlog promises improved performance in future quarters.

More about Scana ASA

Scana ASA is an industrial owner providing technology and services to the energy and offshore industries. With a history dating back to the early 1900s, Scana has positioned itself as a leader in technology and innovation, leveraging extensive industrial experience for quality and value creation. The company is headquartered in Bergen and employs around 550 people.

Average Trading Volume: 453,206

Current Market Cap: NOK703.9M

See more data about 1MP stock on TipRanks’ Stock Analysis page.

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