Third Quarter Results 2024

15 Nov 2024 08:00 CET

Bergen, November 15th, 2024:

Beerenberg reports 38% revenue growth in Q3 2024 compared to last year. The
EBITDA margin ended at 9.0% in the quarter compared to 7.0% in the same quarter
last year.


3Q 2024 Financial Highlights:

· Revenue NOK 802 million
· EBITDA NOK 72 million
· EBITDA margin 9.0%
· Order intake NOK 100 million
· Order backlog NOK 9.7 billion

“Another quarter with high demand for our services. It’s a good basis for
developing our business in the future” says CEO Arild Apelthun in Beerenberg.

The report will be available at www.beerenberg.com and published on
www.newsweb.no.

For further information, please contact:

Harald Haldorsen, CFO

Tel. +47 982 34 834

E-mail: harhal@beerenberg.com

About Beerenberg AS

Beerenberg has delivered cost efficient solutions to a wide range of industrial
enterprises for more than 40 years. Beerenberg is one of the leading suppliers
of maintenance and modifications services on the Norwegian Continental Shelf as
well as a global provider of insulating products. The Group´s expertise covers
the entire life cycle of the petroleum industry from field studies and newbuilds
to maintenance, modifications, and lifetime extensions. The operational
activities are organized in Beerenberg Services and its subsidiaries.
Headquartered in Bergen, Beerenberg has offices in Stavanger and Skien in Norway
and in Poland, UK, South-Korea, Thailand, and Singapore.

To learn more, please visit www.beerenberg.com

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