Fibo Group AS - Update on the upcoming refinancing

10 Jan 2022 07:41 CET

Fibo Group AS (the “Company”) is in the process of evaluating its various
refinancing alternatives.

For information disclosure purposes, the Company has received a binding
commitment from DNB Bank ASA for a term loan with the purpose to repay the NOK
250m senior secured bond issue with ISIN NO 001 0847379 in full at maturity.


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

About Fibo:
Found in 1952, Fibo is a Norwegian market leading manufacturer of high-quality
wet room 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 NOK 721m and NOK 102m, respectively,
corresponding to a margin of 14.3%.

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