• The adjusted EBITDA was EUR 9.6m, in line with the reported Q3 2023 result of EUR 9.7m and compared to EUR 20.3m in Q4 2022. Excluding exceptional one-offs in Q4 2022, organic variation amounts to -33.5%. Versus Q4 2021, the organic EBITDA improvement amounts to +37.3%.
• In a market displaying a general slowdown for core products, the customized sales are showing more resilience. The adjusted EBITDA margin remains at a sustainable high level.
• Cash Flow from Operations reached EUR 9.8m compared with EUR 19.9m Q4 LY. The cash impact from the sales of power was EUR 7.7m higher in Q4 2022 in comparison to Q4 2023.
• The cash balance ended at EUR 33.4m, up from reported EUR 18.9m at year end 2022 and EUR 5.9m higher than last quarter end.
• Long term financing through a new bond of EUR 110m completed in December.
• The December 31 leverage ratio stood at 1.99.

For further information, please contact:

Stein Erik Ommundsen, Group CFO and General Manager
+47 975 10 481, Stein.E.Ommundsen@Fiven.com

Stefan Mokros, IR Manager
+49 221 6507 6097, stefan.mokros@fiven.com

This information is information that Fiven ASA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12:00 CET on 23 February 2024.