Financials

Key figures

6341

Revenues (MNOK 2019)

1571

EBITDA (MNOK 2019)

1193

MW in operation at end 2019

5.8 GW

Project pipeline & backlog

Board of Directors' report

Highlights 2019

  • Solid financial results with significant year-on-year growth
  • New solar plants in commercial operation in Egypt, Mozambique, Malaysia and Ukraine
  • power production almost tripled from last year
  • Construction ongoing for additional 711 MW in Argentina, Malaysia, South Africa and Ukraine
  • Strong market development and expansion of product offering – project backlog and pipeline increased to 5.8 GW
  • Growth target increased to installed capacity of 4.5 GW by end of 2021

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Proportionate financials

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NOK million FY 2019 FY 2018 FY 2017
Revenues and other income 6,341 4,725 1,680
EBITDA 1,571 961 792
Operating profit (EBIT) 1,111 773 632
Profit/(loss) 530 398 326
Net interest- bearing debt 7,312 4,214 2,013
Power production (GWh) 926 318 282
SSO proportionate share of cash flow to equity 794 481 265

Proportionate revenues and EBITDA

Installed capacity and power production