Jordanes – results for the second quarter of 2024

20 Aug 2024 07:00 CEST

Jordanes ASA (The “Group”) and Jordanes Investments AS (the “Company”), today
reports its results for the second quarter of 2024.

The Company recorded consolidated revenue of NOK 1 660 million for the quarter,
up 3.7% year-over-year. The adjusted consolidated EBITA came in at NOK 181
million, up 32.5% year-over-year. Consolidated operating profit came in at NOK
97 million, up 131.3% year-over-year.

The Group recorded consolidated revenue of NOK 1 741 million for the quarter, up
8.2% year-over-year. The adjusted consolidated EBITA came in at NOK 194 million,
up 47.5% year-over-year. Consolidated Operating profit came in at NOK 49
million, up from NOK 1 million year-over-year.

“I am pleased to report that Jordanes delivered a strong performance in the
first half of the year with improved profitability and continued organic growth.
In line with our strategy, we continue to reshape our portfolio and strengthen
our balance sheet with the divestment of Bisca in the second quarter. Looking
ahead to the remainder of the year, we will continue to focus on organic profit
growth and invest behind our strategic brands.” Says Jan Bodd, CEO & Co-founder
of Jordanes.

Please find attached full report for the second quarter of 2024 for the Group
and the Company, and the presentation of the results for the Group.

For further information, please contact:
Nikolai Steinfjell
Chief Financial Officer
Mob: +47 97 54 47 12
E-mail: nikolai.steinfjell@jordanes.no

About Jordanes
Jordanes is an established Scandinavian brand house focusing on everyday
products and services. The Group owns and operate brands that reach the consumer
across multiple channels and occasions throughout the day. The Group operates
across four business segments: Branded Foods, Casual Dining, Fitness & Beauty,
and International Brands. In 2023, the Group had Revenue of NOK 6,466 million,
approximately 2,700 employees, and 9 factories across Scandinavia.

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

More information:
Access the news on Oslo Bors NewsWeb site

625603_Jordanes Investments - Q2 2024 Report.pdf
625603_Jordanes - Q2 2024 Presentation.pdf
625603_Jordanes - Q2 2024 Report.pdf