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SCANDINAVIAN BIOGAS Quarterly Report | January March 2021 IMPLEMENTATION OF THE GROWTH PLAN IS PROGRESSING , KLIMATKLIVET HAS AWARDED THE GROUP INVESTMENT GRANTS OF SEK 135 MILLION IN SWEDEN , AND THE SKOGN II PROJECT IN NORWAY IS LAUNCHED ● ● ● ● ● Energy sold , the highest since the outbreak of covid - 19 , was 90 ( 100 ) GWh . The decrease is explained by lower production due to covid - 19 and low - capacity utilization during January in Norway . Total operating income decreased by 9.1 percent and was SEK 105.3 ( 115.8 ) million . The decrease is explained by lower production and a delay in the biogas subsidy in Sweden , which amounted to SEK 0,0 ( 4.5 ) million . Net sales totalled SEK 97.5 ( 97.1 ) million . Q1 Organically and adjusted for items affecting comparability amounting to SEK 11.4 million , total operating income decreased by 10.7 percent to SEK 93.2 ( 104.5 ) million . EBITDA was SEK 16.9 ( 31.1 ) million . Operative EBITDA for the period was SEK 16.9 ( 24.4 ) million . The first quarter of 2020 includes SEK 4.5 million in biogas subsidies . Loss for the period was SEK -7.3 ( -2.0 ) million . Earnings per share wasto SEK -0.24 ( -0.12 ) . Operating cash flow totalled SEK -2.4 ( 35.3 ) million . Cash flow before changes in working capital amounted to SEK 16.4 ( 22.9 ) million . Maintenance work in Norway has been completed and the Skogn plant has been fully operational since the beginning of February . Klimatklivet has granted the Group SEK 135 million in investment grants for the expansion of LBG production capacity in Sweden . SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD The Board has decided to start the expansion of the Norwegian liquid biogas plant ( LBG ) in Skogn , outside Trondheim . The planned investment of approximately NOK 170 million will increase the production capacity of liquid biogas at Skogn corresponding to 35 GWh . The facility will be operational in 2022 . Scandinavian Biogas has mandated Nordea as sole financial advisor to evaluate its debt financing options , including a potential senior secured green bond and a potential revolving credit facility . GROUP MSEK , unless otherwise stated Sold GWh Net sales Other operating income Total operating income EBITDA Operative EBITDA Operative EBITDA , % Operating results Earnings per share ( SEK ) ² Operating cash flow First quarter Jan - Mar 2021 90.4 97.5 2.2 105.3 16.9 16.9 17.0 % -3.4 -0.24 -2.4 34.2 % Jan - Mar 2020 99.7 97.1 14.2 115.8 31.1 24.4 23.4 % 12.7 -0.12 35.3 A -9.3 % 0.4 % -84.2 % -9.1 % -45.6 % -30.7 % -6.4 pe -126,8 % na 12 months RTM³ 31 March 345.5 338.8 39.8 396.9 66.4 62.8 17.3 % -22.1 -2.24 na Full year 2020 354.7 338.4 51.8 407.4 80.6 70.3 19.1 % -6.0 -2.07 89.4 A -2.6 % 0.1 % -23.1 % -2.6 % -17.6 % -10.7 % -1.8 pe -268,3 % na na 0.3 pe -106,8 % 16.2 pe Equity / assets ratio 18.0 % 34.2 % 33.9 % 1 ) pp , percentage points . 2 ) The number of shares for the comparative period has been divided by 10 to obtain comparable data with the share consolidation that took place in autumn 2020 when 10 shares were merged into 1. 3 ) RTM rolling twelve months Scandinavianbiogas