Profitability 2018 is estimated to be lower than previously communicated
Earlier profitability forecast:
The Group’s operational profitability (EBITDA) in 2018 is expected to be on last year’s level or slightly below, since the commissioning of the Skogn plant has been delayed according to updated information from the general contractor and due to operational disturbances at Södertörn in the beginning of the year.
Updated profitability forecast:
The Group's profitability (EBITDA) 2018 is expected to be lower than last year, since the commissioning of the Skogn plant has been delayed and due to operational disturbances at Södertörn and that the dispute costs have been higher than planned.
For further information, please contact:
CEO Scandinavian Biogas
+46 (0) 70-597 99 38
The Company in brief:
Scandinavian Biogas is today one of the largest private producers of biogas as a vehicle fuel. The Company also operates a manufacturing plant for pre-treatment of food waste and industrial organic waste, as well as a plant for the production of raw biogas in South Korea.
This information is information that Scandinavian Biogas Fuels International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act (EU MAR) nr 596/2014. The information was submitted for publication, through the agency of the contact person set out above, on 3 July 2018, at 17:30 CET.