Jøtul Group - Interim financial report for the quarter ended 30 September 2023

30 Nov 2023 08:00 CET

The Jøtul Group (representing Jøtul AS together with its subsidiaries) is one of
the three largest suppliers of fireplaces in Europe and a significant player in
North America. The company, with a history dating back to 1853 through its
legacy as one of Norway’s oldest companies, distributes stand-alone stoves,
inserts, frames and accessories for fireplaces. The Group’s main brands are
Jøtul, Scan and Ravelli. The Jøtul fireplaces are manufactured from cast iron
and appear timeless and robust, with Norwegian origins. The Scan fireplaces are
manufactured from plated steel and are characterized by modern Danish design,
while the Ravelli pellets stoves are characterized by Italian design and
technology. The head office is based in Norway. Manufacturing takes place
through own production in Norway, Poland, France and the USA, in addition to a
range of bought-in products. The products are sold through one of the most
wide-reaching global networks in the industry, consisting of own sales companies
and distributors. The products reach the end consumers through specialty shops,
and in Norway also through building materials retail chains.

In the first nine months of 2023, the Jotul Group reached a consolidated profit
of MNOK 76.3 (September YTD 2022: profit of MNOK 4.5). The operating result
amounted to MNOK 126.0 during September YTD 2023 (September YTD 2022: MNOK
95.5). The total comprehensive income for September YTD 2023 was MNOK 90.6
(September YTD 2022: profit of MNOK 29.1).

For further information, please contact:
Jøtul AS
Nils Agnar Brunborg, CEO
Tel: +47 906 05 578
E-mail: Nils.Brunborg@jotul.no


This information was submitted for publication, through the agency of the
contact person set out above, at 08:00 CET on 30 November 2023.

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605333_Interim Report Q3 2023 - Jøtul Group.pdf