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FIVEN ASA Fiven ASA: Annual Financial Report

Transparency directive : regulatory news

25/02/2022 16:20

DGAP-News: Fiven ASA / Key word(s): Annual Report
Fiven ASA: Annual Financial Report

25.02.2022 / 16:20
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

Oslo, 25th February 2022

Fiven ASA fourth quarter report 2021

  • Total revenues reported at EUR 37.1m representing an increase of 55.7% versus Q4 2020 (as a reminder Q4 2020 was a low point still impacted by consequences of Covid-19) and an increase of 16.6% over Q3 2021
  • The adjusted EBITDA was EUR 7.0m, versus EUR 4.8m in Q4 2020
  • For FY 2021, revenues were EUR 127.4m as a consequence of market recovery and high demand for Fiven quality products, and adjusted EBITDA was EUR 24.4m.
  • The cash balance ended at EUR 23.6m, up from EUR 19.5m at Q3 closing
  • The December 31 leverage ratio stood at 2.31
  • Fiven Group awarded EcoVadis Silver Medal for sustainability in 2021

Outlook

Fiven's consistent two pillar strategy remains in place: accelerate growth in customized products by targeting applications with high growth dynamics and focusing on innovation and co-development with key customers, and selectively serving core markets by providing a high level of service offerings.

2021 was a year of recovery from the markets but also a year of significant turbulence in the raw material and transportation markets. Fiven continues to watch the inflationary pressures carefully and will execute price adjustments as necessary if the trend continues.

http://www.rns-pdf.londonstockexchange.com/rns/9001C_1-2022-2-25.pdf

For further information, please contact:

Stein Erik Ommundsen, Group CFO and General Manager
+47 975 10 481, Stein.E.Ommundsen@Fiven.com

Stefan Mokros, IR Manager
+49 221 6507 6097, stefan.mokros@fiven.com

This information is information that Fiven ASA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14:00 CET on 25 January 2022.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.



25.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


1289137  25.02.2022 

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