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Scandinavian Biogas Fuels Q3 EBITDA Turns To Loss Of SEK 14.5 Mln

Friday, 9 Nov 2018

Nov 9 (Reuters) - Scandinavian Biogas Fuels AB ::FIRST DELIVERIES OF LIQUID BIOGAS FROM PLANT IN SKOGN WERE DELIVERED TO CUSTOMER IN SEPTEMBER 2018.Q3 NET SALES TOTALLED SEK 63.0 MILLION (60.7).Q3 EBITDA WAS SEK -14.5 MILLION (+9.2 MSEK).Q3 EBITDA OF SEK -14.5 MILLION INCLUDES ONE-OFF COSTS OF SEK 16.2 MILLION ATTRIBUTABLE TO COURT RULINGS.Q3 LOSS AFTER TAX OF SEK -45.7 MILLION (-17.1), WHICH AMOUNT INCLUDES COURT-ORDERED LEGAL EXPENSES AND INTEREST.EBITDA IN 2018 IS ESTIMATED TO BE LOWER THAN LAST YEAR.EBITDA FOR Q4 IS EXPECTED TO BE OVER SEK 10 MILLION, REPRESENTING IMPROVEMENT OVER Q4 2017.EBITDA FOR 2019 IS EXPECTED TO EXCEED SEK +100 MILLION.

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