Scatec Asa (STECF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone, and thank you for joining us for our first quarter presentation for 2026. It has been a strong quarter with a high activity level, and we continue to deliver on our strategy to drive growth at a high pace across our geographies. And at the same time, we also continue to strengthen our financial position. In the quarter, Our operating portfolio has increased as several projects have moved into commercial operation. We have improved near-term growth visibility with new projects reaching both backlog and also reaching into construction. And finally, we have also strengthened our liquidity and have reduced our corporate debt. And our available liquidity currently stands at 6.1 billion. On the market side, demand for energy is growing, and Skatec is operating in countries with strong and increasing underlying demand for clean, reliable, and affordable renewable energy. And renewable energy is the most competitive source of power generation in our markets, and we continue to see attractive long-term market opportunities, and now more than ever, as energy security is increasingly becoming important. So today I will start by going through a bit on the macro situation and then go through the highlights of the quarter. Hans Jakob will go through the financials and then at the end we will open up for questions. So in terms of the macro situation, focus on energy security and cost competitiveness reinforce the case for renewables. As shown to the left, many of our core markets remain highly dependent on imported fossil fuels, which increases both cost and supply risk. Recent geopolitical developments and a significant increase in the price of fossil fuels have reinforced this dynamic, and this is a stark reminder of the risk of being exposed to fuel import...