Fibo Group AS – Interim Financial Report

25 Nov 2021 07:01 CET

Please find enclosed the interim financial report for third quarter 2021.
As previously disclosed, the Fibo Group AS (“the Company”), together with its
owner Fibo Holding AS, has run a process to evaluate strategic alternatives for
the Fibo Group. Based on this evaluation, the Company and its owner have decided
to initiate a refinancing of its existing NOK 250m bond. In connection with the
refinancing, Fibo Group has mandated ABG Sundal Collier ASA and Carnegie AS to
arrange a series of fixed income investor meetings. Subject to inter alia market
conditions, a senior secured bond issue may follow.

For further information please contact:
Per Richard Olsen, CFO
E-mail: pol@fibosystem.com
Mobile: +47 930 19 660

About Fibo
Founded in 1952, Fibo is a Norwegian market leading manufacturer of high-quality
wet room wall panels, kitchen backsplash, countertops, and accessories. Wet room
wall panels are by far the greatest contributor with ~75% of sales and where
Fibo has a dominating market position with c. 70% market share in Norway.
Geographically, Norway accounts for 62% of sales, followed by UK (13%), Sweden
(8%), and other including North America (17%). Fibo has experienced significant
growth in recent years with Q3(21) R12m sales and EBITDA of NOK721m and NOK103m,
respectively, corresponding to a margin of 14.3%.

More information:
Access the news on Oslo Bors NewsWeb site

547779_Fibo Group Q3 2021 Report.pdf
547779_211125 Compliance Certificate Q3-2021.pdf