OSLO, Norway, Feb. 17, 2021 /PRNewswire/ — Saga Pure ASA (Saga Pure) (OSE: SAGA) reported a web revenue within the fourth quarter 2020 of NOK 213.3 million, (This autumn 2019: NOK 41.6 million) following a constructive improvement for the corporate’s new funding technique inside renewable power, hydrogen, round financial system and CO2 reductions.
“The fourth quarter was an eventful interval for Saga Pure following the transformation to a brand new funding technique inside renewable power, hydrogen, round financial system and CO2 reductions. We did our first investments in Everfuel, Bergen Carbon Options and Horisont Energi within the quarter, along with elevating over 400 million in capital to place Saga Pure for additional progress and enlargement in 2021,” says Bjørn Simonsen, Chief Govt Officer of Saga Pure.
Saga Pure reported a web revenue from continued operations within the fourth quarter 2020 of NOK 213.3 million, up from NOK 41.6 million within the corresponding quarter in 2019, pushed by the constructive improvement of Everfuel. Following the capital raises within the quarter, Saga Pure ended 2020 with a money stability of NOK 476 million.
“Saga Pure sees vital alternatives inside our inexperienced funding universe and the group has intensive technical and monetary experience, an unparalleled deal-flow and leverages on the backing and capabilities from the Ferncliff group,” Simonsen continues.
After the closing of the quarter, Saga Pure accomplished a subsequent providing and realized the Everfuel funding with a web acquire of NOK 260 million, contributing to a money place of NOK 800 million primo February 2021. The corporate has additionally utilized for a switch of the itemizing of the Saga Pure shares from Euronext Develop to Oslo Børs.
“We’re at the moment evaluating numerous investments in corporations that may take a number one place of their subject, whereas sustaining a stable money place to make sure monetary robustness and suppleness. Moreover, Saga Pure will broaden the group additional with extra industrial experience to proceed the seek for the options that contribute to a greener future,” Simonsen concludes.
Saga Pure will host an investor presentation 17 February at 08:00 CET and the presentation might be adopted reside at www.saga-pure.com, or at
https://channel.royalcast.com/landingpage/hegnarmedia/20210217_2/
The presentation of the monetary outcomes for the fourth quarter and the Board of Administrators report are enclosed.
For added info, please contact:
Bjørn Simonsen, CEO, +47 97 17 98 21 or [email protected]
Espen Lundaas, CFO, +47 92 43 14 17 or [email protected]
About Saga Pure | www.saga-pure.com
Saga Pure ASA is an funding firm specializing in alternatives inside renewable power, hydrogen, round financial system and CO2-reduction.
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https://news.cision.com/saga-pure-asa/r/saga-pure–fourth-quarter-2020-financial-results,c3288224
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SOURCE Saga Pure ASA
