Oslo, 19 August 2022: Volue ASA (OSE: VOLUE) reported operating revenues of NOK
298 million in the second quarter of 2022, an increase of 28 percent from the
second quarter of 2021. Adjusted EBITDA* was NOK 44 million, with an adjusted
EBITDA margin of 15 percent. 

The transformation towards recurring revenues and Software as a Service (SaaS)
continues. SaaS revenues were NOK 68 million in the quarter, an increase of 29
percent compared to the second quarter of 2021.

"We report strong growth and our best second quarter and first half so far,
driven by an impressive 44 percent growth in our Energy segment. This
illustrates both Volue's exposure to strong energy markets and the excellent
work done by the Volue team. Energy markets are going through a tectonic shift
leading to price increases and increased volatility. This increases data-driven
opportunities based on an integrated digital value chain from sensors to
executed trades. In short, our solutions have never been more valuable to
customers in the energy market," says Trond Straume, CEO of Volue.

Volue reported second quarter 2022 operating revenues of NOK 298 million, up
from NOK 233 million in the corresponding quarter last year. Adjusted EBITDA*
for the quarter totaled NOK 44 million (57), and EBIT was NOK 12 million (-11). 

"We have invested in an organisation capable of leveraging the tremendous
opportunities in the energy markets. In the short term, this impacts our
adjusted EBITDA margin, but moving forward, we will reap the benefits of these
investments. We are highly focused on expanding margins and will be mindful of
balancing top-line growth and long-term investment," Straume continues.

Recurring revenue constituted 63 percent of total revenues and reached NOK 189
million in the quarter, an increase of 17 percent from the second quarter of
2021. 

"We continue to grow our recurring revenues, and as a supplier of
business-critical enterprise resource planning software for industry verticals,
we see minimal churn among our customers. Our software becomes a key part of
their value creation," says Straume.

Volue continues to prioritise strategic investments in its SaaS platform and
expansion into new markets, which creates short- to mid-term EBITDA impact and
increased R&D capitalisation in line with plans. 

Volue has set the following priorities and ambitions for the second half of
2022:

o	Further utilise synergies to strengthen margins 
o	Adjusted EBITDA margins improving from the first half of 2022
o	Continue to grow ARR business in line with 2025 targets and 2021 performance
o	Expand activities outside Europe
o	Strategic investments for international growth 
o	Structural growth through M&A 

Webcast and presentation 
For further details, please see the attached report and presentation.

Trond Straume, CEO and Arnstein Kjesbu, CFO, will present the results today at
08:00 am CEST at Hotel Continental in Oslo, Norway. 

You can follow the webcast from this link:
https://channel.royalcast.com/landingpage/hegnarmedia/20220819_1/

*EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as part of the APM section of the
second quarter 2022 report on page 22.

For additional information, please contact:
Arnstein Kjesbu, Chief Financial Officer, Volue +47 970 47 699, ir@volue.com 

About Volue | www.volue.com 
Volue is a market leader in technologies and services that power the green
transition. Based on 50 years of experience, Volue provides innovative
solutions, systems and insights to industries critical to society. Over 730
employees work with more than 2,200 customers across energy, power grid, water
and infrastructure projects that ensure a sustainable, flexible and reliable
future. The company is headquartered in Oslo, Norway and is active in 40+
countries.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act.

This stock exchange announcement was published by Arnstein Kjesbu, CFO, Volue
ASA, on 19 August 2022 at 07:00 am CEST.