Arribatec Group ASA – Third quarter 2022 financial results

15 Nov 2022 07:30 CET

(Oslo, Norway, 15 November 2022) Arribatec Group ASA (OSE:ARR, Arribatec) today
reported revenues of NOK 118.2 million in the third quarter of 2022, up 25% from
NOK 94.4 million in the corresponding quarter last year, and an EBITDA of NOK –
6.7 million (-13.7). The organic revenue growth ended at 12.7% in the period.

“We are happy with the growth we have seen over the last year, and believe we
have a platform in place to even further accelerate the organic growth rate seen
in the third quarter. Our partnership model also continues to yield results and
we expect this positive development to continue in the coming quarters,” says
Geir Johansen, CEO of Arribatec.

Arribatec reported revenues of NOK 118.2 million in the third quarter of 2022
(94.4) and an EBITDA of NOK -6.7 million (-13.7). The reported EBIT ended at a
negative NOK 20.4 million (-22.0), with recognized recurring revenues of NOK
44.2 million (40.0). The company had NOK 38.7 million in cash at the end of the
third quarter of 2022.

The board of directors’ financial report for the second quarter of 2022 is
enclosed.

*EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section of the
2022 third quarter report on page 34.

Arribatec Group ASA will host a web presentation of the second quarter financial
results 2022 on Tuesday, 15 November 2022, at 09:00 CET. The presentation will
be streamed live at

https://www.arribatec.com/q3-2022/


ENDS

For additional information, please contact:

Geir Johansen, CEO, Arribatec Group ASA: +47 4771 0451
Martin Nes, Chairman of the Board, Arribatec Group ASA: +47 920 14 814

This information is considered to be inside information according to the EU
Market Abuse Regulation and is subject of the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Geir Johansen, CEO, Arribatec Group ASA, on 15
November 2022 at 07:30 CET.
About Arribatec | www.arribatec.com

Arribatec is a consulting and software company headquartered in Oslo. With a
customer-centric engagement model, combined with a deep system, integration, and
domain competence, Arribatec builds long-term strategic partnerships with a
broad customer base. Arribatec serves more than 1200 large entities spread over
25 countries and various industries, both in the private and public sectors. The
company employs 440 people with offices in 17 countries and is listed on the
Oslo Stock Exchange under the ticker code ARR.

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575734_Arribatec Group 2022-Q3 report published.pdf