Annual Report
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
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 |
