Results for the second half of 2022

08 Feb 2023 07:35 CET

Mintra, a leading supplier of digital learning and human capital management
solutions, today announced the results for the second six months of 2022.



During the second half of 2022 Mintra reported revenues of mNOK 123.0, an
increase from mNOK 116.8 in the second half of 2021, corresponding to a 5.1 per
cent increase.  



EBITDA for the second half of 2022 increased to mNOK 33.7 from mNOK 29.5 in the
second half of 2021, which corresponds to an increase of 14 per cent. The
company’s EBITDA has improved from mNOK 58.0 in 2021 to mNOK 75.1 in 2022.



“Mintra succeeded in securing multimillion NOK contracts across all business
segments and strengthened its eLearning market share within both the Maritime as
well as Energy industries. At the same time, the company continues to intensify
efforts to increase direct distribution and eLearning sales through the
Marketplace offering as well as other digital channels,” Kevin Short, CEO,
Mintra. 



Overall revenue for the full year of 2022 stands at mNOK 247.4, compared with
mNOK 238.7 in 2021, representing a 3.7 per cent revenue growth. Mintra
simultaneously improved its profitability by close to 30 per cent when compared
to 2021. The results of 2022 reflect the impact of rightsizing the organization,
organizational optimalization and delayed project activity experienced due to
the Covid-19 pandemic.



Mintra secured contracts amounting to the value of mNOK 100, up by 25 per cent
from mNOK 80 in the second half of 2021. This included a three-year contract
awarded by BSM estimated at mNOK 12.8 and a two-year contract in the SEA region
valued at mNOK 5.8.



Mintra’s Board of Directors also has decided to propose a dividend payment of
NOK 1.75 per share to its shareholders with the total dividend amounting to
mNOK 325​.



Webcast
A live webcast and Q&A is hosted by Mintra, starting at 08:30 CEST. The live
event can be accessed via the following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20230208_6/



The half-year 2022 report and presentation will be made available at
www.mintra.com/investors.


This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

For further information please contact:

Kevin Short, CEO, tel: +44 1224 651340

email: kevin.short@mintra.com



Jostein Hufthammer, CFO, tel: +47 488 94 940

email: jostein.hufthammer@mintra.com



Triin Barrow, Investor Relations, tel: +44 1224 052164

email: triin.barrow@mintra.com


About Mintra
Mintra Holding AS is a technology company which has been shaping the eLearning
industry for more than 30 years. By taking pride in supporting more than 3,600
companies develop and deploy their people to meet competency and training
requirements, Mintra has solidified its position as a preferred partner in the
eLearning and human capital management solutions markets. Mintra is focused on
clients with workforces operating in safety-critical industries such as energy
and maritime where regulatory training is mandatory and needs to be refreshed
and assessed on a frequent basis.

More information:
Access the news on Oslo Bors NewsWeb site

581614_Mintra_H2_Report_2022.pdf
581614_Mintra H2 2022 presentation.pdf