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Scatec posts strong portfolio growth as construction pipeline reaches record level – Green Building Africa | SA News

  • Near term growth portfolio reaches an all-time high with record projects under construction.
  • Development and Construction segment boosted by progress in Egypt and South Africa.
  • Balance sheet strengthened with reduced debt and strong liquidity.

Scatec has reported solid progress across its growth portfolio in the fourth quarter, underpinned by strong construction activity, disciplined capital management and a maturing global pipeline.

In the fourth quarter, proportionate revenues increased by 25 percent to NOK 3,362 million, compared with NOK 2,684 million in the same period last year. Earnings before interest, taxes, depreciation and amortisation reached NOK 1,065 million. For the…

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