Interim report
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SCANDINAVIAN BIOGAS Interim report | January - June 2021 IMPLEMENTATION OF THE GROWTH PLAN CONTINUES - SEK 700 M GREEN BOND ISSUED EVENTS SECOND QUARTER 2021 Senior green covered corporate bond of SEK 700 million placed under a framework of SEK 1,200 million . Obtained a revolving credit facility of up to SEK 300 million . The expansion of the Norwegian liquid biogas ( LBG ) plant in Skogn has started . Norway achieved record production in the second quarter , with 29 GWh . ● FINANCIALS SECOND QUARTER 2021 Energy sold increased by 12,8 per cent to 92.6 ( 82.1 ) GWh Total revenue increased 19.4 per cent , totalling SEK 110.2 ( 92.3 ) million . Net sales totalled SEK 96.0 ( 77.4 ) million , corresponding increase of 24.0 % . EBITDA was SEK 21.5 ( 5.8 ) million . Operative EBITDA was SEK 21.5 ( 13.2 ) million . Operative EBITDA margin was 20.5 ( 15.8 ) per cent . Profit / loss after tax amounted to SEK -27.6 ( -37.4 ) million . Basic and diluted earnings per share totalled SEK -0.90 ( -2.23 ) . Cash flow from operating activities amounted to SEK 19.8 ( 26.6 ) million . ● ● ● ● SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD The growth project in Mönsterås has renewed its application for an investment grant of SEK 155 million , as the Swedish Environ mental Protection Agency's maximum period for previously granted support of SEK 108 million has passed . The multi - year agreement previously signed between the Group and a customer in Europe for the supply of liquid biogas ( LBG ) from Sweden has been updated . At the same time , a new multi - year contract has been signed with the same customer in Europe for the supply of LBG from Norway . Deliveries of LBG from Norway are estimated to start in the second half of 2022. It is an important part of Scandinavian Biogas ' strategy to expand the supply of liquid biogas . GROUP NOTE Q2 MSEK , unless otherwise stated Sold GWh Net sales Other income Total operating income EBITDA Operative EBITDA¹ Operative EBITDA . % Operating results Earnings per share ( SEK ) Cash flow from operating activities Debt - to - equity ratio¹ 3 months Apr - Jun 2021 92.6 96.0 8.5 110.2 21.5 21.5 20.5 % 1.5 -0.90 19.8 30.2 % Apr - June 2020 82.1 77.4 10.3 92.3 5.8 13.2 15.8 % -19.9 -2.23 26.6 15.4 % 12.8 % 24.0 % -17.3 % 19.4 % 272.8 % 62.2 % 4,7 pe -107.5 % na -25,6 % 14.8 pe 6 months Jan - Jun 2021 182.8 193.6 10.8 215.4 38.4 38.4 18.8 % -1.8 -1.14 17.9 30.2 % Jan - Jun 2020 181.8 174.6 24.5 208.1 36.9 37.6 20.0 % -7.2 -2.35 61.9 15.4 % A 0.8 % 10.9 % -56.1 % 3.5 % 4.1 % 2.2 % -1,2 pe 74.6 % na -71,1 % 14.8 pe 12 months Full year 2020 354.7 338.4 51.8 407.4 80.6 70.3 19.1 % -6.0 -2.07 89.4 33.9 % 1 ) pe , percentage points . 2 ) The number of shares for the comparative period has been divided by 10 to obtain comparable data due to the share consolidation that took place in autumn 2020 when 10 shares were merged into 1 . Scandinavianbiogas