Stockholm 2016-04-29

 

Scandinavian Biogas

Interim report for
1 January-31 March 2016

On 10 February 2016, Scandinavian Biogas Fuels International AB (publ) issued corporate bonds at a value of SEK 200 million. As of 8 April 2016, these bonds have been available for trade on the NASDAQ OMX Stockholm stock exchange.

The Group acquired the majority of the shares in the Norwegian-registered company Biokraft Holding AS on 11 February 2016. This acquisition means that Scandinavian Biogas is establishing itself in the Norwegian market.

First quarter in brief

  • The expansion of the upgrading facility in Henriksdal has essentially been completed and the first deliveries from the new production line to customers of the gas network in Stockholm were made in late January
  • Net sales totalled SEK 52.8 million (SEK 41.8 million)
  • Total revenues amounted to SEK 56.4 million (SEK 49.4 million)
  • EBITDA (operating profit before depreciation and amortisation) was SEK 7.0 million (SEK 7.3 million)
  • The Group posted an operating loss of SEK 3.1 million (profit: SEK 1.0 million)
  • The Group posted a loss after tax of SEK 11.4 million (profit: SEK 9.0 million)

 

The interim report for the first quarter 2016 for Scandinavian Biogas Fuels International AB (publ) is now available on www.scandinavianbiogas.com.

 

2019-08-15 14:00

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2019

Long-term liquid biogas (LBG) supply contract signed between Norwegian subsidiary Biokraft and Hurtigruten.

Second quarter in brief

  • A 7.5-year LBG supply contract signed between Norwegian subsidiary Biokraft and Hurtigruten.
  • The LBG plant at Skogn, Norway, delivered 2.4 million Nm3of LBG during the second quarter.
  • Net sales totalled SEK 89.6 million (65.9), a year-on-increase increase of 36.0%.
  • EBITDA was SEK 17.7 million (-2.0), a year-on-year improvement attributable primarily to the plant at Skogn. The plant was in operation during the January–June 2019 period, but not during the comparative period.      
  • The Group posted an operating loss of SEK -4.4 million (-15.6).
  • The Group posted a loss after tax of SEK -23.3 million (-21.3).
  • The directed share issue yielded SEK 39.6 million before transaction costs.
  • Subordinated shareholder loans totalling SEK 34 million along with interest of SEK 2.5 million were converted to shares in a set-off issue.

First half-year in brief

  • A 7.5-year LBG supply contract signed between Norwegian subsidiary Biokraft and Hurtigruten.
  • Net sales totalled SEK 176.5 million (129.5), an increase of 36.3% attributable primarily to the plant at Skogn, which was in operation during the January–June 2019 period. The plant was not in operation during the corresponding period in 2018.
  • EBITDA was SEK 36.3 million (-0.6), with the year-on-year improvement due mainly to commissioning of the plant at Skogn, Norway.
  • The Group posted an operating loss of SEK -7.6 million (-28.1).
  • The Group posted a loss after tax of SEK -35.6 million (-43.8).
  • The directed share issue yielded SEK 39.6 million before transaction costs.
  • Subordinated shareholder loans totalling SEK 34 million along with interest of SEK 2.5 million were converted to shares in a set-off issue.


Significant events after the end of the period

  • It was reported in July that the rights issue was oversubscribed by 184% and yielded a total of SEK 10.2 million before issue expenses. The directed share issue was decided and amounts to SEK 60.4 million before issue expenses, and pertains entirely to Apriori AB.
  • No other significant events occurred after the end of the interim period.

The interim report for the second quarter 2019 for Scandinavian Biogas Fuels International AB (publ) is now available on www.scandinavianbiogas.com

For further information, contact Matti Vikkula, CEO and president,
+46 70 597 99 38,
matti.vikkula@scandinavianbiogas.com 

The information in this press release is such that Scandinavian Biogas Fuels International AB (publ) must disclose in accordance with the EU Market Abuse Regulation (EU MAR) No. 596/2014. The information was submitted for publication on August 15, 2019, at 15:00 CET.

2019-08-15

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2019

Read more

2019-08-09

Interim report will be published on August 15, 2019

Read more

2019-07-19

Scandinavian Biogas publishes outcome of oversubscribed rights issue and carries out a secured directed share issue of SEK 60 million

Read more

2019-06-27

Report from the Annual General Meeting of Scandinavian Biogas Fuels International AB (publ)

Read more

2019-06-14

Subscription period for rights issue of 10 MSEK is 17th of June to 5th of July

Read more

2019-06-05

Scandinavian Biogas carries out directed issue and rights issue in a total of SEK 86 million and intends to carry out a secured directed issue of SEK 60 million. Total issue volume SEK 146 million

Read more

2019-06-05

Scandinavian Biogas announces fully secured share issues with a value of 136 MSEK; intends to carry out a rights issue of 10 MSEK

Read more

2019-05-28

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

Read more

2019-05-23

Scandinavian Biogas subsidiary to deliver liquid biogas to Hurtigruten

Read more

2019-04-26

Scandinavian Biogas Interim Report for the period 1 January – 31 March 2019

Read more

2019-04-25

Scandinavian Biogas Annual Group Report 2018

Read more

2019-04-18

Results from Scandinavian Biogas written procedure

Read more

2019-03-28

Scandinavian Biogas initiates a written procedure

Read more

2019-02-28

Scandinavian Biogas Interim report for the period 1 January – 31 December 2018

Read more

2019-01-25

Scandinavian Biogas Intends to Conduct a Directed Share Issue

Read more

2018-11-28

Result from Scandinavian Biogas Fuels International AB (publ)s written procedure

Read more

2018-11-09

Scandinavian Biogas Interim Report for the period 1 July – 30 September 2018

Read more

2018-11-09

Scandinavian Biogas initiates a written procedure

Read more

2018-11-08

Scandinavian Biogas to launch written procedure following constructive discussion with certain bondholders

Read more

2018-10-23

Release of Q3 2018 interim report postponed as court ruling for dispute related to Södertörn facility received

Read more

2018-09-03

Worlds largest LBG factory in operation

Read more

2018-08-23

Scandinavian Biogas Interim report for the period 1 January – 30 June 2018

Read more

2018-08-23

Court ruling in the penalty fee dispute in Ulsan, South Korea

Read more

2018-07-03

Profitability 2018 is estimated to be lower than previously communicated

Read more

2018-06-29

Safer management of your personal information

Read more

2018-06-20

The nomination committee’s proposal regarding board of directors and remuneration for the annual general meeting 2018

Read more

2018-05-25

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

Read more

2018-05-22

Results from Scandinavian Biogas written procedure

Read more

2018-05-02

Results from Scandinavian Biogas Fuels International AB’s written procedure and renewed written procedure

Read more

2018-04-26

Scandinavian Biogas Interim Report for the period 1 January – 31 March 2018

Read more

2018-04-11

Scandinavian Biogas initiates a written procedure

Read more

2018-03-20

Scandinavian Biogas Annual Group Report 2017

Read more

2018-03-12

The first shipload of feed stock has been received at Biokraft's biogas plant at Skogn

Read more

2018-02-15

Scandinavian Biogas Year-end report for the period 1 January – 31 December 2017

Read more

2018-01-10

Scandinavian Biogas is including one-off costs in annual Group accounts 2017 and updating Outlook 2017

Read more

2017-11-21

Scandinavian Biogas’ Board will evaluate various strategic and capital structure alternatives

Read more

2017-10-26

Scandinavian Biogas Interim Report for the period 1 January – 30 September 2017

Read more

2017-08-24

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2017

Read more

2017-08-16

Scandinavian Biogas publishes bond prospectus and applies for listing of the additional bonds on Nasdaq Stockholm

Read more

2017-06-30

Scandinavian Biogas press release amendment of terms and conditions

Read more

2017-06-15

Scandinavian Biogas issues subsequent SEK 30 million senior secured bonds

Read more

2017-05-17

Scandinavian Biogas rights issue over-subscribed

Read more

2017-04-28

Scandinavian Biogas Interim report for the period 1 January – 31 March 2017

Read more

2017-04-13

Scandinavian Biogas has decided on a directed share issue of approximately SEK 43 million and a rights issue of approximately SEK 23 million

Read more

2017-04-10

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

Read more

2017-02-28

Scandinavian Biogas Year-end report for the period 1 January – 31 December 2016

Read more

2017-02-08

Scandinavian Biogas is preparing the group for a public listing of its share – signing loan agreements for 16 MSEK for the forthcoming share issue

Read more

2016-10-28

Scandinavian Biogas Interim report for 1 January – 30 September 2016

Read more

2016-09-07

Press Release

Read more

2016-09-01

International scientific biogas conference

Read more

2016-08-19

Press Release

Read more

2016-08-18

Interim Report - Q2 2016

Read more

2016-07-14

New European grant to

Read more

2016-04-29

Press release

Read more

2016-04-29

Interim Report - Q1 2016

Read more

2016-03-30

Summons to the Annual General Meeting

Read more

2016-02-18

Unutilized residues

Read more

2016-02-08

Issues 4-year senior secured bond

Read more

2016-02-08

Invests in a new Liquid Biogas Plant

Read more

2015-04-29

Summons to the annual general meeting of shareholders

Read more

2014-08-14

Macroalgae may be a new substrate in biogas production

Read more

2014-04-22

Board of directors

Read more

2014-04-22

Business objectives

Read more

© 2019 Scandinavian Biogas Fuels International AB all rights reserved