Scandinavian Biogas Fuels International AB (publ) reported unaudited consolidated and parent earnings results for the third quarter and nine months ended September 30, 2017. The group reported total operating income of SEK 71,714,000, operating loss of SEK 3,622,000, loss before taxes of SEK 17,105,000, loss attributable to parent company shareholders of SEK 16,414,000 against total operating income of SEK 62,621,000, operating loss of SEK 8,308,000, loss before taxes of SEK 8,669,000, loss attributable to parent company shareholders of SEK 8,412,000 a year ago. Cash used in operating activities was SEK 56,783,000 against SEK 25,265,000 a year ago. Acquisition of intangible assets was SEK 165,000 against SEK 132,000 a year ago. Acquisition of tangible assets was SEK 41,404,000 against SEK 60,667,000 a year ago. EBITDA was SEK 9,169,000 against SEK 3,905,000 a year ago.

For the nine months, the group reported total operating income of SEK 216,769,000, operating loss of SEK 6,657,000, loss before taxes of SEK 40,822,000, loss attributable to parent company shareholders of SEK 39,021,000 against total operating income of SEK 185,008,000, operating loss of SEK 17,002,000, loss before taxes of SEK 29,873,000, loss attributable to parent company shareholders of SEK 29,649,000 a year ago. Cash used in operating activities was SEK 50,783,000 against SEK 23,964,000 a year ago. Acquisition of intangible assets was SEK 2,153,000 against SEK 1,696,000 a year ago. Acquisition of tangible assets was SEK 152,045,000 against SEK 172,927,000 a year ago. EBITDA was SEK 31,898,000 against SEK 17,274,000 a year ago. The loss after tax is attributable to unrealised exchange rate fluctuations, attributable mainly to dollar-based, long-term intra-group financing in South Korea.

On parent basis, the company reported total operating income of SEK 300,000, operating loss of SEK 337,000, loss before tax of SEK 6,355,000, loss of SEK 6,355,000 against total operating income of SEK 300,000, operating loss of SEK 376,000, loss before tax of SEK 1,014,000, loss of SEK 1,014,000 a year ago.

For the nine months, on parent basis, the company reported total operating income of SEK 943,000, operating loss of SEK 1,504,000, loss before tax of SEK 18,080,000, loss of SEK 18,080,000 against total operating income of SEK 1,106,000, operating loss of SEK 1,631,000, loss before tax of SEK 2,787,000, loss of SEK 2,787,000 a year ago.

The Group's profitability (EBITDA) is expected to improve significantly in 2017 as compared with 2016.