Scandinavian Biogas News

We work for a better Environment

We keep you updated in the meantime

2022-07-20 06:30

Q2: Comprehensive agreement for 1 TWh bio-LNG with Alternoil signed, order value of SEK 2.7 billion


Significant events in the second quarter of 2022

  • Major supply contract worth EUR 2.7 billion has been signed with German LNG distributor Alternoil.
  • The growth projects in Sweden and Norway are on track and the process of ISCC certification of the plants is progressing. 
  • Klimatklivet has granted SEK 154 million in investment grants for biogas project in Örkelljunga municipality.
  • Profitability significantly affected by the fact that production aid in Sweden is not paid in the first half of the year but
    from 1 July 2022.
  • Pre-treatment facility in Södertörn acquired for SEK 40 million.
  • Head of the Swedish operations has been hired and will start his role in early 2023. 
  • Long-term performance-based incentive programme introduced based on AGM decision of 28 April.

FINANCIALS SECOND QUARTER 2022

  • Energy sold decreased by 11.2% to 82.2 (92.2) GWh. Comparable decrease of 5.3%, 82.2 (86.8) GWh
  • Net sales totalled SEK 92.8 (96.0) million, representing a decrease of 3.3%.
  • Total revenue, total revenue, including capitalised work, decreased by 7.5% and totalled to 101.1 (110.2) million.
  • EBITDA was SEK 3.7 (21.5) million.
  • Operating EBITDA was SEK 1.1 (21.5) million.
  • The operating EBITDA margin was 1.2% (20.5%).
  • Profit/loss after tax was SEK -43.1 (-27.6) million.
  • Basic and diluted earnings per share was SEK -1.41 (-0.90).
  • Cash flow from operating activities was SEK 5.8 (19.8) million.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Scandinavian Biogas updated financial targets for 2024 confirm the EBITDA margin of at least 30 percent, while the production volume is estimated to reach 600 GWh, and total revenues to reach approximately SEK 650 million in 2024. The Group has also set a target for production capacity in 2026 amounting to 1.2 TWh. The Board has decided to explore various financing alternatives, equity or debt financing, for continued growth.
  • Biogas subsidies will be available again starting in July, after the break in the first half of the year.

This disclosure contains information that Scandinavian Biogas Fuels International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 20-07-2022 07:30 CET.

For further information, please contact:
Matti Vikkula CEO and President
Mobile +46 (0) 70 597 99 38
E mail matti.vikkula(at)scandinavianbiogas.com

Scandinavian Biogas is a leading Nordic producer of biogas for vehicle fuel and fertilizer. Biogas is CO2-neutral and made from sewage and household, agriculture as well as industrial organic waste. Today Scandinavian Biogas has facilities in Sweden, Norway and Korea. In 2021, the company delivered 366 GWh of energy. Scandinavian Biogas has 100 employees and total net sales of SEK 394 million in 2021. The head office is located in Stockholm and the company is listed on Nasdaq First North. Certified advisor is Erik Penser Bank AB, telephone: +46 (0) 8-463 80 00, certifiedadviser(at)penser.se. www.scandinavianbiogas.com

2022-07-20

Q2: Comprehensive agreement for 1 TWh bio-LNG with Alternoil signed, order value of SEK 2.7 billion


Read more

2022-07-19

Scandinavian Biogas updates financial targets for 2024 and confirms accelerated capacity expansion to reach 3 TWh by 2030


Read more

2022-07-08

Scandinavian Biogas´report for the second quarter and invitation to a digital conference on the 20[th] of July, 2022


Read more

2022-06-29

Scandinavian Biogas receives SEK 154 million in investment support from Klimatklivet to build biogas plant in Örkelljunga


Read more

2022-06-12

Scandinavian Biogas announces SEK 2.7 billion Bio-LNG delivery agreement with leading German LNG distributor Alternoil


Read more

2022-05-30

Areas of use where biogas is the most sustainable alternative


Read more

2022-05-23

Bio-LNG production increases yearly over 70 percent in Europe


Read more

2022-04-28

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


Read more

2022-04-28

Q1: Weak result but expected significant price premium with Bio-LNG


Read more

2022-04-25

Scandinavian Biogas´ report for the first quarter and invitation to a digital conference on the 28[th] of April, 2022


Read more

2022-04-11

Scandinavian Biogas’ profitability during the first quarter of 2022 is significantly lower than planned


Read more

2022-03-31

Scandinavian Biogas Fuels International (publ) publishes annual report for 2021


Read more

2022-03-31

Scandinavian Biogas Fuels International (publ) strengthens Group management


Read more

2022-03-29

Notice of Annual General Meeting in Scandinavian Biogas Fuels International AB (Publ)


Read more

2022-02-17

Year end report 2021 Scandinavian Biogas. New long-term target for 2030, 3 TWh biogas production, mainly Bio-LNG


Read more

2022-02-17

Scandinavian Biogas defines long term target for 2030 – 3 TWh biogas production, mainly Bio-LNG


Read more

2022-02-14

Scandinavian Biogas´report for the fourth quarter and invitation to a digital conference on the 17[th] of February, 2022


Read more

2022-02-01

Scandinavian Biogas strengthens the organization to meet growing demand for liquefied biogas


Read more

2022-01-24

Scandinavian Biogas invests 300 miljon SEK in northern Europes largest plant for Bio-LNG


Read more

2021-12-13

Scandinavian Biogas receives SEK 154 million in investment support from Klimatklivet to build biogas plant in Mönsterås


Read more

2021-10-29

Q3: EU and Sweden make long-term investment in biogas in the transition to a circular economy


Read more

2021-10-27

Scandinavian Biogas extends agreement with Dutch gas station chain Rolande


Read more

2021-10-19

Scandinavian Biogas’ report for the third quarter and invitation to a conference meeting on October 29


Read more

2021-07-23

Implementation of the growth plan continues – SEK 700 M green bond issued


Read more

2021-07-15

Scandinavian Biogas’ report for the second quarter and invitation to a conference meeting on July 23


Read more

2021-06-29

Correction: Scandinavian Biogas announces publication of bond prospectus


Read more

2021-06-29

Scandinavian Biogas announces publication of bond prospectus


Read more

2021-05-27

Scandinavian Biogas successfully placed SEK 700 m green bonds


Read more

2021-05-04

The Board appoints members to Audit Committee and Renumeration Committee


Read more

2021-04-29

Report from the Annual General Meeting of Scandinavian Biogas


Read more

2021-04-29

Implementation of the growth plan is progressing, Klimatklivet has awarded the Group investment grants of SEK 135 million in Sweden, and the Skogn II project in Norway is launched


Read more

2021-04-29

Scandinavian Biogas is investing NOK 170 million in the expansion of a facility for liquid biogas in Norwegian Skogn


Read more

2021-04-29

Scandinavian Biogas evaluates debt financing options


Read more

2021-04-20

Scandinavian Biogas invites to the AGM presentation and quarterly report presentation on April 29


Read more

2021-03-31

Scandinavian Biogas has published Annual and Sustainability Report for 2020


Read more

2021-03-29

Notice of Annual General Meeting in Scandinavian Biogas Fuels International AB (publ)


Read more

2021-03-24

Scandinavian Biogas’ Nomination Committee proposes Anders Bengtsson as new Chair and new members of the Board


Read more

2021-03-11

Scandinavian Biogas receives SEK 135 million in investment grants from Klimatklivet


Read more

2021-02-18

Scandinavian Biogas Fuels International AB (publ) Year-end report for the period 1 January – 31 December 2020


Read more

2021-02-16

Scandinavian Biogas’ report for the fourth quarter and invitation to a conference call on February 18[th]


Read more

2021-01-28

Nomination committee appointed for the 2021 Annual General Meeting of Scandinavian Biogas Fuels International AB


Read more

2021-01-20

Share holder list as per 30.12.2020


Read more

2021-01-15

Information on the over-allotment option and end of the stabilisation period


Read more

2020-12-28

Stabilisation notice


Read more

2020-12-18

Scandinavian Biogas has finalized the acquisition of Ekdalens Biotransporter AB


Read more

2020-12-16

First Day of trading in Scandinavian Biogas’ dark green shares on Nasdaq First North Premier Growth Market Stockholm


Read more

2020-12-14

Scandinavian Biogas carries out a SEK 586 million private placement of dark green shares and publishes a company description in connection with the listing


Read more

2020-12-07

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


Read more

2020-12-02

Scandinavian Biogas intends to carry out a private placement and listing of its dark green shares on Nasdaq First North Premier Growth Market


Read more

2020-11-30

Scandinavian Biogas acquires Ekdalens Biotransporter


Read more

© Scandinavian Biogas Fuels International AB all rights reserved