Investor Presentaiton
Proportionate financials
NOK million
Revenues
Q1'22
Q4'21
Q1'21
Power Production
933
1,073
868
3,889
Services
66
66
56
260
Development & Construction
5
18
24
137
Corporate
10
11
6
42
Total
1,014
1,169
954
4,328
EBITDA
Power Production
490
763
704
2,949
Services
16
11
17
75
Development & Construction
-75
-57
-60
-223
Corporate
-34
-35
-25
-114
Total
398
683
636
2,686
EBIT
Power Production
-554
511
483
1,977
Services
15
10
16
70
Development & Construction
-193
-79
-62
-301
Corporate
-40
-42
-31
-140
Total
-772
399
406
1,606
17
Revenues from Power Production from 2021 has been adjusted due to change in accounting policy, disclosed in note 10 in Q1'22 report
2021
Q1'22 vs Q1'21
• Increased production in solar & wind
Hydropower production impacted by
seasonality
• Power Production EBITDA down:
•
Increased purchase of power of
NOK 181 million in the Philippines
• NOK 87 million credit loss
provision in Ukraine
D&C revenues in line with guidance
EBIT impacted by impairments:
•
Assets in Ukraine - NOK 770 million
• Discontinued project development
in Mali, India and Bangladesh -
NOK 116 millionView entire presentation