14 Feb 2023 07:28 CET

(Oslo, Norway, 14 February 2023) Arribatec Group ASA (OSE:ARR, Arribatec) today
reported revenues of NOK 140.6 million in the fourth quarter of 2022, up 21%
from NOK 116.0 m million in the corresponding quarter last year, and an EBITDA
of NOK – 9.7 million (-4.5). Adjusted EBITDA for the quarter was NOK -4.5
million (-1.0). The company has secured several important contracts during the
latest months and expects the development to continue.

“We are pleased to report a record high quarterly revenue, in particular since
the growth is entirely organic. Arribatec is more frequently able to attract new
customers due to our broad and integrated portfolio of products and services
across our business areas. We experience good demand for our services and
solutions, and are optimistic about the development in the quarters to come,”
says Geir Johansen, CEO of Arribatec.

Arribatec reported revenues of NOK 140.6 million (116) in the fourth quarter of
2022 and an EBITDA of NOK -9.7 million (-4.5). The reported EBIT ended at a
negative NOK 26.3 million (-24.6), with recognized recurring revenues of NOK
55.0 million (37.0). The company had NOK 40.5 million in cash at the end of the
fourth quarter of 2022 in addition to NOK 20.0 million in an unutilized
revolving credit facility.

The company has after the closing of the quarter announced the following
contract awards:
- A NOK 10 million agreement with Linja/Mørenett for implementing a new Unit4
ERP solution.
- A NOK 10 million contract extension award from Gassco for consulting services
for the development of Gasscos’
management systems
- An agreement with Thon Holding AS/Thon Gruppen for the joint development and
potential roll-out of Arribatec
Hospitality’s market-leading self-service check-in solutions at Thon Hotels
across markets

The board of directors’ financial report for the fourth 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 fourth-quarter report on page 34.

Arribatec Group ASA will host a web presentation of the second quarter financial
results 2022 on Tuesday, 14 February 2023, at 09:00 CET. The presentation will
be streamed live at

https://www.arribatec.com/q4-2022/

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

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 1500 large entities spread over 25 countries and various
industries in the private and public sectors. The company employs 405 people
with offices in 17 countries and is listed on the Oslo Stock Exchange under the
ticker code ARR.


582282_Arribatec Q4 2022 final.pdf

Source

Arribatec Group ASA

Provider

Oslo Børs Newspoint

Company Name

ARRIBATEC GROUP ASA

ISIN

NO0003108102

Symbol

ARR

Market

Oslo Børs