An industrial investment company – in this week’s analysis!
Aksjeanalyser.com takes a closer look at a company on the Oslo Stock Exchange:
Scana ASA (ticker on Oslo Stock Exchange: SCANA)
After showing a weak development since the fall of 2024, several positive technical signals have now been triggered for the Scana share. Read more below under the technical analysis.
The fundamentals of the company also indicate that the share may have established a bottom around the current level and that the share may be a good buy here at the share price of around NOK 1.50.
Scana achieved an EBITDA of NOK 70 million in the fourth quarter of 2025, compared to NOK 26 million in the same period last year, according to the company’s quarterly report on February 19, 2026.
Operating profit was NOK 40 million (compared with NOK -3.2 million in the same period last year) on sales of NOK 450 million (compared with NOK 448 million in Q4 last year).
About the company Scana ASA
(ticker on Oslo Stock Exchange: SCANA)
Scana ASA conducts industrial investment activities. The company operates through the following segments: Subseatec, Real Estate, Skarpenord, Seasystems, and Scana HQ.
The Subseatec segment delivers steel products adapted to customer needs within oil and gas. The Group’s real estate company is included in the real estate company. The Skarpenord segment is a supplier of hydraulic and pneumatic valve systems to the oil, gas, and shipbuilding industries. The Seasystems segment delivers system solutions in offloading, anchoring, towers, and swivels to segments such as oil and gas, aquaculture, and floating wind power. The Scana HQ segment includes Scana ASA, three holding companies, and the company in Brazil. The company was founded in 1987 and is headquartered in Bergen, Norway.
Scana ASA (SCANA) has a market capitalization of approximately NOK 685 million at the current share price of around NOK 1.50.
For more information about the company, visit their website here
Technical Analysis of Scana ASA
(ticker on Oslo Stock Exchange: SCANA)
The Scana share is showing clear signs of having bottomed out around the current price level.
Both the fundamental and technical picture for the company and the share now signal that the share may be at a favorable level to buy it here, around the NOK 1.50 level.
The stock has broken out of the falling trend that started in the fall of 2024 (see weekly chart), and the stock has also broken above both the 50-day and 200-day moving averages, and is now testing the support level around these levels after the latest downward correction (see daily chart).
Various momentum indicators such as RSI and Stochastics signal that the stock is starting to become oversold and that a new turn upwards may be imminent.
Furthermore, there is significant technical support here around the NOK 1.40-1.50 level for the Scana share, and the overall technical picture thus indicates that the share may now be at a favorable level to buy it at.
The BEST model in Vikingen is also in a buy signal for the Scana share. This popular and effective technical analysis model was developed by Peter Östevik. He finalized the BEST model around 2019, and after 30 years of experience in technical analysis and Vikingen Financial Software.
Based on the overall positive technical picture for Scana ASA (SCANA), Aksjeanalyser.com considers the share an interesting buy candidate at the current price level.
The potential for the share is estimated to be up to NOK 1.80-2.00 in 1-3 months and up to NOK 2.50-3.50 in 6-12 months. A significant upside for the share as Aksjeanalyser.com assesses the Scana share here now, and in relation to the current share price around NOK 1.50.
What could possibly change the positive technical picture would be if the share were to break down below the currently important technical support level of NOK 1.40, and if the share were to establish itself below the 50-day moving average and below the 200-day moving average.
Solid margins and strengthened operations
About Scana ASA: Results for the fourth quarter 2025
Bergen, February 19, 2026. Source.
Scana ASA delivered a strong quarter with an EBITDA of NOK 70 million and an order intake of NOK 392 million. The positive development continued, driven by high offshore margins and structural measures implemented throughout the Group, which contributed to improved operational performance and efficiency.
Financial highlights for Q4 2025:
– Turnover of NOK 450 million
– EBITDA NOK 70 million
– EBITDA margin 16 %
– Order intake NOK 392 million
– Order backlog NOK 1,188 million
The offshore division delivered a strong performance in the quarter, supported by several projects completed by Seasystems with solid margins. High activity at Mongstad, especially related to the shutdown at Equinor’s refinery, contributed positively to utilization and efficiency, while the cost base is now in line with current market conditions following implemented structural measures.
During the quarter, the Energy division achieved a commercial breakthrough in battery-integrated megawatt charging systems. The division has adapted its organization and cost level to current market conditions. Events after the end of the quarter in the form of contract awards (stock exchange announcement 02.02.2026, 11:57 CET) are expected to strengthen the order backlog and position the division for higher activity.
Don’t miss Börssnack and the courses via Aktieutbildning.nu!
Every week you have the opportunity to participate in Börssnack, which Aktieutbildning.nu holds on Wednesdays, via an open webinar at 19.00-20.00! In Börssnack, you’ll learn how to invest in interesting companies and get answers to questions like:
How do we make better deals on the stock market? Which global stock markets look the best? How should you act in the stock market? Is it time to buy/sell now? Which stocks and funds are interesting? What does Börssnack’s portfolio look like? It is reviewed and analyzed every Wednesday. How do we use the stock analysis program Vikingen.se?
Aktieutbildning.nu offers several valuable training courses. Now on an updated platform! Warm welcome!
Vikingen Financial Software reminds you that past performance does not always indicate future profits and that all trading is at your own risk.
Yours sincerely
