OX2 reported an operating loss of SEK206m (€18m) for the second quarter of 2024.
This figure was marginally lower than the SEK207m Nordics renewables developer recorded for the same period last year.
OX2 achieved net sales of SEK2,233m during the three-month period, compared to SEK2,204m at the same time in 2023.
Paul Stormoen (pictured), chief executive of OX2, said: “The sale of OX2’s first energy storage facility, Bredhälla, in southern Sweden, was finalized during the second quarter.
“In May, EQT announced a cash offer of SEK60 per share with a stated long-term ambition to expand OX2 into an integrated developer and an energy asset owner.
“We retain our forecast for improved full-year operating income in 2024, despite increased uncertainty in the forecast. We anticipate that most of this year’s earnings will occur in the fourth quarter.”