SCANA ASA
Sector unknown·SCANA · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Batteries and energy storage
Technology
DriverPositive impact: strengthens
“19SCANA ASA | ANNUAL REPORT 2024 OUTLOOK ENERGY is experiencing strong demand within energy storage, modules and shore power.”
Annual report 2024A · The company itself
Market
“PSW Power&Automation is still experiencing strong profitable growth on the back of electrification as a megatrend. The Battery Energy Storage Solutions (BESS) market is probably still in the starting phase, and we have had a breakthrough in grid scale energy storage.”
Annual report 2024A · The company itself
Market
“The Energy division with headquarters at Ågotnes and locations in Lillestrøm, Mongstad (Norway) and Karlstad (Sweden) delivered NOK 825 million in revenue, representing an organic growth of 47% driven by Battery Energy Storage Solutions (BESS) and Modules.”
Annual report 2024A · The company itself
Oil
Raw materials and inputs
DriverNegative impact: weakens
“7SCANA ASA | ANNUAL REPORT 2024 During 2024 we have seen high activity in both our divisions, and we are experiencing strong business cycles across all companies. As we approached the end of the year however, signs of softening business momentum appeared. Projects were postponed, customers delayed new orders and so on. From our perspective this seems more as a general economic condition and may be an effect of softening oil-price, cost reduction programs and temporarily lower capex among our customers.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The maintenance, repair and refurbishment of well and drilling equipment has historically been driven by drilling activities on the Norwegian continental shelf (NCS), and as such has seen a decline in the home market.”
Annual report 2024A · The company itself
Market
“The Offshore division delivered an EBITDA of NOK 226 million representing a margin of 19%.”
Annual report 2024A · The company itself
Market
“We deliver a variety of technological solutions to the global oil and gas sector as well as other offshore industries.The Group’s companies offer a wide range of products and services, from the design and manufacturing of riser applications and specialized subsea equipment to rig servicing, ISS, mooring systems, and IMR lifecycle solutions for rigs and vessels.We help ensure the efficient and reliable operation of installations, playing a central role in reducing risks and optimizing our customers’ maintenance work.”
Annual report 2024A · The company itself
Market
“The division delivered NOK 1.2 billion in revenue, representing a growth of 14% compared to last year of which organic growth was 7%, and 7% was represented by the acquisition of Mongstad Industrier.”
Annual report 2024A · The company itself
Chains out: this strengthens Plastics and polymers
Aquaculture and fish feed
End markets
Market
“The demand for mooring solutions on a global scale looks promising within several segments – offshore wind, LNG’s, FPSO’s, FSRU’s and aquaculture.”
Annual report 2024A · The company itself
Electrification
Technology
Market
“ENERGYThe world needs more sustainable energy, and we are a driver for the development of new technological solutions and services that help shape the energy systems of the future.We are committed to delivering commercial solutions that satisfy society’s energy needs while reducing the environmental impact.Our product and service portfolio ranges from the design and integration of electrical power systems to electrical infrastructure, energy storage systems and control systems.”
Annual report 2024A · The company itself
Chains out: this strengthens Electricity, strengthens Power grid expansion, strengthens Copper
Energy efficiency
Technology
Market
“ENERGYThe world needs more sustainable energy, and we are a driver for the development of new technological solutions and services that help shape the energy systems of the future.We are committed to delivering commercial solutions that satisfy society’s energy needs while reducing the environmental impact.Our product and service portfolio ranges from the design and integration of electrical power systems to electrical infrastructure, energy storage systems and control systems.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens
Natural gas
Raw materials and inputs
Market
“The demand for mooring solutions on a global scale looks promising within several segments – offshore wind, LNG’s, FPSO’s, FSRU’s and aquaculture.”
Annual report 2024A · The company itself
Steel
Raw materials and inputs
Market
“Subseatec is delivering on important contracts for steel stress-joints with large international customers in the Gulf of Mexico.”
Annual report 2024A · The company itself
Chains in: Wind power strengthens
Wind power
Technology
Market
“The demand for mooring solutions on a global scale looks promising within several segments – offshore wind, LNG’s, FPSO’s, FSRU’s and aquaculture.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens, Energy security strengthens
Chains out: this strengthens Steel, strengthens Rare earths and critical raw materials, strengthens Renewables auctions and subsidies, strengthens Power grid expansion
Business cycle and GDP growth
Macro
DriverNegative impact: weakens
“RISK MANAGEMENTScana Group’s main risk is the macroeconomic environment and the development of global markets.”
Annual report 2024A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
EU climate and energy policy
Regulation
DriverPositive impact: strengthens
“Climate changes and the reduction of carbon emissions continue to drive the global agenda. Scana is well positioned to support the offshore industry in reducing greenhouse gas emissions whilst being a key supplier to renewable energy industries and electrification of both on- and offshore industries.”
Annual report 2024A · The company itself
Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency
Energy security
Regulation
DriverPositive impact: strengthens
“Energy security remains high on the global agenda and provides strong market fundamentals for all business areas in Scana Group.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“OFFSHORE is also having attractive market fundamentals as energy security remains a top priority across geographies.”
Annual report 2024A · The company itself
Chains in: Geopolitical uncertainty strengthens, Reconstruction of Ukraine strengthens
Chains out: this strengthens Wind power, strengthens Power grid expansion
Labour and wages
Raw materials and inputs
DriverNegative impact: weakens
“In a year marked by workforce growth from 371 to 657, we are pleased to deliver strong HSEQ-performance to customers with the highest HSEQ-standards.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“Inflation, wages and prices of other input factors, including tariffs may challenge our margins.”
Annual report 2024A · The company itself
USD vs DKK/EUR
Macro
DriverNegative impact: weakens
“The macroeconomic landscape in 2024 has seen inflationary pressures being under control, interest rates being stabilized, while high volatility in key currencies towards Norwegian kroner (NOK) has remained, all of which had implications for Scana companies.”
Annual report 2024A · The company itself
DriverMixed impact: mixed
“Scana Group’s exposure to the risk of changes in foreign exchange rates relates primarily to Scana Group’s operating activities (when revenue or expense is denominated in a foreign currency) and the Group’s net investments in foreign subsidiaries.”
Annual report 2024A · The company itself
Chains out: this mixed effect United States
Currency exposure
Macro
DriverMixed impact: mixed
“The portfolio companies are exposed to currency risk. With portfolio companies in Norway, Sweden and Namibia, the various companies have different currency positions and some of these can offset or reinforce each other.”
Annual report 2024A · The company itself
Inflation
Macro
DriverNegative impact: weakens
“Inflation, wages and prices of other input factors, including tariffs may challenge our margins.”
Annual report 2024A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
Tariffs and trade policy
Macro
DriverNegative impact: weakens
“Inflation, wages and prices of other input factors, including tariffs may challenge our margins.”
Annual report 2024A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
Denmark
Geography
Geography
“The Offshore division consists of the portfolio companies PSW Technology, PSW Solutions, West Asset Management and Mongstad Industrier located at Mongstad, Skarpenord located at Rjukan and Husnes, Subseatec located in Kristinehamn, Sweden and PSW Namibia located in Windhoek, Namibia.”
Annual report 2024A · The company itself
Geography
“With drilling activities expected to increase on the NCS and the establishment of a subsidiary in Namibia to support key drilling customers in West Africa, we are building a strong foundation for growth.”
Annual report 2024A · The company itself
Asia and emerging markets
Geography
Geography
“A Joint Venture has been formed to penetrate the Asian/Middle East markets, with a more complete product portfolio.”
Annual report 2024A · The company itself
Europe
Geography
Geography
“Following a few years with reduced pace in the shore power market, bidding activities are increasing in northern Europe where our market position is strong.”
Annual report 2024A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 1.92 bn NOK |
| Revenue growth vs. the year before, same method | 19.8 % |
| EBITDA reported by the company | N/A |
| Net debt debt incl. leasing minus cash | 0.48 bn NOK |
| Diluted EPS per share | 0.18 NOK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (NOK), not converted to DKK. Quotes are shown as the company's own words in the report's original language.