F3: The EU and Sweden make long-term investments in biogas in the transition to a circular economy
SIGNIFICANT EVENTS DURING THE THIRD QUARTER OF 2021
- The government has proposed an extended and long-term investment in biogas until 2040.
- Stable high production in the Norwegian factory.
- The growth plan is moving forward; in
Norway , Forest II is on the right track; and inSweden , an investment decision has been made for the Stockholm Bio-LNG (liquid biogas) project. - Extended agreement for delivery of Bio-LNG (liquid biogas) with the Dutch petrol station chain Rolande has been signed
RESULTS FOR THE THIRD QUARTER OF 2021
- Sold energy increased by 3.8% to 90.2 (86.9) GWh.
- Net sales amounted to total
95.4 kr (81.5) million, corresponding to an increase of 17.1%. - Total income including capitalized work increased by 15.8% and amounted to
111.1 kr (95.9) million. - EBITDA was
29.0 kr (22.9) million. - Operating EBITDA was
23.3 kr (17.9) million. - The operating EBITDA margin was 23.0 (20.4)%.
- Profit / loss after tax amounted to
-4.9 kr (-11.8) million. - Earnings per share before and after dilution amounted to total
SEK -0.16 (-0.70). - Cash flow from operating activities amounted to
27.0 kr (-14.9) million.
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
- An agreement with a technology supplier for the project liquefied biogas (Bio-LNG) in
Stockholm has been signed. - The Norwegian facility has received ISCC certification and can thus offer a premium Bio-LNG with reviewed evidence of sustainability.
- The dispute process with the supplier in
Norway has been resolved by signing a settlement agreement between the parties.
No other significant events occurred after the end of the period.
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