31 August 2022 -
Aega ASA delivered revenues of EUR 727 thousand in the second quarter of 2022,
an increase of 42.5 percent versus the same quarter last year (Q2 2021:EUR 510
thousand). EBITDA was positive at EUR 238 thousand (14.4) reflecting the
increased scale of Aega's solar park portfolio.
"As we now exit Q2 2022 we have 7 operating solar parks due to high M&A activity
over the last 18 months. The production capacity follows the same trend and so
do revenues. Aega delivers positive EBITDA and cash flow, and the underlying
operations are well run. Our focus is still to grow the portfolio and to
continue to run an efficient operation. I am pleased to see that our acquisition
activity over the past 12-18 months, plus successful integration, and
optimisation of new solar parks in our portfolio have had the expected result",
says Nils P. Skaset, CEO of Aega ASA.
European Energy Crises:
"The ongoing energy crises in Europe and how political decision makers decides
to respond to it, makes it more challenging to predict how the next 6-12 months
will turn out in the energy markets. Nevertheless, Aega continues to use
conservative business models which gives headroom for several outcomes and takes
the increased political risk into account when considering future acquisitions",
Skaset adds.
Please find the second quarter and half-year 2022 interim financial report
enclosed to this announcement.
For further information, please contact:
Nils P. Skaset, CEO
+47 951 88 154
ceo@aega.no
About Agea
Aega ASA is an investment company listed on Euronext Expand in Oslo. Aega's main
focus is on the solar power market. The company acquires and operates smaller
existing Italian solar power plants, following strict investment criteria. In
addition to being an industrial player it also considers financial investments
in the solar and renewable sector. The company's head offices are in Oslo (NO)
and Trento (IT).
For more information, see www.aega.no