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Scana ASA ( (DE:1MP) ) has issued an update.
Scana ASA reported weaker financial results for the second quarter of 2025 compared to the same period last year, but noted a positive trend from the first to the second quarter. The company is focusing its offshore division on securing prefabrication assignments related to maintenance contracts and modifications, both onshore and offshore. This strategic shift is expected to support a more resilient business model and strengthen competitiveness. Meanwhile, the energy division achieved its second-highest quarterly order intake, reinforcing its strong position in electrification. Baste Tveito was appointed as acting CEO, effective from May 27.
More about Scana ASA
Scana ASA is an industrial owner specializing in technology and services for the energy and offshore industries. With a history dating back to the early 1900s, Scana has established itself as a leader in technology and innovation, leveraging its extensive industrial experience to shape future solutions. The company is headquartered in Bergen and employs over 600 people.
Average Trading Volume: 378,433
Current Market Cap: NOK646.6M
See more insights into 1MP stock on TipRanks’ Stock Analysis page.