Skandia GreenPower AS Eyes Growth and Transparency

Skandia GreenPower AS (DE:0RQ) has released an update.

Skandia GreenPower AS has transitioned to a new ownership structure, established a fresh board, and rolled out a cost-reduction strategy, leading to positive operational cash flow since August 2023. The firm has successfully executed two acquisitions and is enhancing transparency by introducing new reporting practices, with a quarterly update on key financial figures and significant corporate developments. With a focus on organic growth and a positive EBITDA and net income forecast for 2024, Skandia is also exploring further acquisitions and will provide a detailed earnings outlook in its mid-year 2024 report.

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