28.February 2023 Aega ASA had revenues ofEUR 562 thousand in the fourth quarter of 2022 (Q4 2021 EUR 482 thousand). EBITDA was positive withEUR 244 thousand (341). For the year, we see an EBITDA ofEUR 912 thousand compared toEUR 389 thousand the previous year, an increase of around 134%. The figures reflect the company's increased production and capacity in the period. "Aega delivers positive EBITDA for the seventh consecutive quarter. We now consider ourselves to have a very good platform for further development and growth. In the current quarter, the focus will be on continued development and improvement of production, as well as running a cost-effective operation. Throughout 2022, volatility in the energy market has been a returning topic and political intervention in price formation has affected us - and other Italian solar energy producers - throughout the year", says Nils P Skaset, CEO ofAega ASA . The Italian energy situation: "The energy situation inItaly has been challenging both for consumers and regulatory authorities throughout the quarter and the year 2022. We now see that the Italian gas inventories have a fill rate of more than 80%. This is significantly higher than a year ago, and indicates thatItaly's goal of being independent of Russian gas by the end of 2023 is achievable. The price of electricity largely follows the price of gas and today everything points to the price-cap imposed will be removed from 1 July, as the authority has communicated. We are satisfied to see that our business models are conservative enough and have considered prices in the range we have experienced, and at the same time look forward to being able to sell our electricity in a market without a price cap in the second half of 2023," Skaset adds. Attached is the company's fourth quarter report. For more information contact Nils P. Skaset, CEO +47 951 88 154 ceo@aega.no About AgeaAega ASA is an energy company listed on Euronext Expand inOslo . Aega's main focus is the solar power market. The company acquires and operates smaller existing Italian solar power plants. In addition to being an industrial energy producer we also consider investments in the solar and renewable energy sector. The company's head offices are inOslo (NO) andTrento (IT). For more information, see www.aega.no
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