Bergen, 21 August 2024: Scana (the Company) has delivered the best quarter after
reorganization from Scana Industrier - with high revenue and strong EBITDA
margin. 

Q2 2024 Financial Highlights
·	Revenue NOK 545 million
·	EBITDA NOK 80 million
·	EBITDA margin 14.7 %
·	Order intake NOK 479 million 
·	Order backlog NOK 1,074 million

The Energy division is developing a strong market position confirmed by two
substantial contracts for mobile dc-chargers and E-house modules, and seven new
contracts as subsequent events.

The Offshore division has delivered steady operational performance with a high
EBITDA margin. Seasystems was awarded a substantial contract for the delivery to
the FPSO turret market. 
By establishing a subsidiary in Namibia, PSW Technology supports their
customers' international growth.

With a robust financial position, Scana can seize new strategic opportunities,
both organically and through M&A.

Changes in Board of Directors 
Bjørn Gabriel Reed has been appointed as the new Chairman of the Board of Scana
ASA. Reed has been a board member since August 2023. Gunnar Winther Eliassen has
decided to prioritize other commitments and has informed the company that he
will step down from the Board of Directors. 

"We are thankful for Eliassen's dedicated work as Chairman of the Board over the
past year.  We respect his priorities and wish him all the best in future
endeavours," says Bjørn Gabriel Reed, Chairman of Board of Scana ASA.

Q2 Presentation
Today, at 09:45 CEST, Scana will present the Q2 results, followed by a live Q&A
session with Pål Selvik, CEO, and Torvald Ulland Reiestad, CFO. The presentation
is part of the Vestland på Børs conference in Bergen.

The event will be webcasted live and can be watched from this URL:
https://channel.royalcast.com/landingpage/hegnarmedia/20240821_10/

The presentation will be available for replay shortly afterward on Scana's
website, www.scana.no.


For more information, please contact:
Pål Selvik, CEO, +47 97 04 65 02 
Torvald Ulland Reiestad, CFO, +47 97 98 78 95 
Anette Netteland Dybvik, Head of IR and Communication, +47 41 66 77 87

Scana in brief
Scana is an active industrial owner of technology and services to both the
energy and offshore industries. With an industrial history dating back to the
early 1900s, Scana has evolved to become a leader in technology and innovation.
This journey has provided a unique position to shape solutions for tomorrow,
driven by extensive industrial experience combined with quality and value
creation. Scana is headquartered in Bergen and has above 600 employees.
www.scana.no