Scandinavian Biogas updates financial targets for 2024 and confirms accelerated capacity expansion to reach 3 TWh by 2030
Updated financial targets for 2024 confirm the EBITDA margin of at least 30 percent, while the production volume is estimated to reach 600 GWh, which is 100 GWh lower than previous targets of 700 GWh. Higher prices for biogas partially counteract the volume effect on revenues, which is estimated to reach approximately SEK 650 million in 2024. The Board has decided to explore various financing alternatives for continued growth.Demand for biogas and especially Bio-LNG (liquid biogas) is increasing rapidly, while supply is limited by lack of production capacity in Europe. The imbalance between