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Total revenues reported at
EUR 31.8m , representing an increase of 51.9% versus Q3 2020 being significantly penalized by the Covid-19 crises. - The revenues continue to rise, and the sequential growth represents an improvement of 5.1% over Q2 2021.
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The adjusted EBITDA was
EUR 7.2m , versusEUR 4.5m in Q3 2020. - The adjusted EBITDA margin was 22.7%, up from 21.4% in Q3 2020.
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Last twelve months revenues at Q3 2021 showed
EUR 114.2m , and adjusted EBITDA wasEUR 22.2m . - The adjusted EBITDA performance in Q3 2020 was the lowest of the last year resulting from the pandemic outbreak.
- The Quarter-on-Quarter improvement current year is mainly volume-driven. The rapidly increasing raw material and power costs exceed price adjustments.
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The cash balance ended at
EUR 19.5m , down fromEUR 89.8m at Q2 end.EUR 71.2m of the reduction can be attributed to the completion ofFiven's refinancing. -
The
September 30 leverage ratio ended at 2.80. Fiven order intake outperforms pre-pandemic levels, and the order book has increased every month during 2021.- All plants are producing at full capacity to secure a rapid increase in demand.
Fiven increases expectations for year-end landing. Forecasted revenue growth for 2021 vs. 2020 is expected to be near 25%.
The global economic recovery remains strong, supported by the progress in vaccination. On the other hand, supply chain disruptions and the sharp rise in raw material prices have become a significant challenge for the global economy since the pandemic.
For further information, please contact:
+47 975 10 481, Stein.E.Ommundsen@Fiven.com
+49 221 6507 6097, stefan.mokros@fiven.com
This information is information that
https://news.cision.com/fiven-asa/r/fiven-asa-third-quarter-report-2021,c3459743
https://mb.cision.com/Main/19065/3459743/1500949.pdf
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