NOK 170 million private placement undertaken 15 Nov. 2021
On 15 November 2021 the Company successfully carried out a private placement of new shares for gross proceeds of NOK 170 million.
Subscription price: NOK 0.75 per share
The issue was materially oversubscribed
Endúr's largest shareholders (parties to the guarantee agreement) increased their collective ownership through the placement
NOK 110 million of the proceeds will be employed towards amortizing the Company's outstanding bond loan
Cf. stock exchange announcements on September 10 and September 15, 2021
The board will subsequently consider to undertake a Repair Offering of max. 40 million new shares at NOK 0.75 subscription price
Only shareholders per 15 November 2021 who were not offered to subscribe shares in the private placement will be offered shares in the contemplated Repair Offering.
Cf. separate stock exchange announcement today
The private placement was managed by Arctic Securities and SB1M
Pro forma figures; calculated assuming the acquisitions of BMO Entrep., Artec Aqua and Marcon were undertaken on 1 January 2020, and similarly, that the bankruptcies in Endúr Industrier AS and ØPD
AS occurred on that same date. For actual financial figures, please refer to the half-year report.
3
Agenda
Highlights and key figures
Company overview
Financials
Business segment information
Summary
Appendix
Highlights in Q3 2021
Significantly improved operational and financial
performance in Q3 2021
Financial highlights (pro forma)1
Quarterly revenues of NOK 568 million
Endúr's highest quarterly revenues ever, actual and proforma
Adj. EBITDA NOK 65.5 million in Q3 21.
Material improvement on this year's prev. quarters
10% increase on Q3 2020 proforma
Activities in both the Company's main operating segments contributed positively towards the improvement in the quarter.
NIBD NOK 894 million (NOK 989 mill. at Q2 21)
Compliant with all financial covenants per Q3 21
Solid order backlog at NOK 2.2 billion
Continued favourable outlook for all main operating activities
Jeppe Raaholt new Group CEO 1st October 2021
Revenue 542
568
443
444
413
Q3
Q4
Q1
Q2
Q3
20
20
21
21
21
59
Adj. EBITDA
65
38
37
23
Q3
Q4
Q1
Q2
Q3
20
20
21
21
21
Revenue
1,350
1,523
YTD
YTD
20
21
Order Backlog
2,513
2,454
2,213
1,307
1,391
Q3
Q4
Q1
Q2
Q3
20
20
21
21
21
Pro forma figures; calculated assuming the acquisitions of BMO Entrep., Artec Aqua and Marcon were undertaken on 1 January 2020, and similarly, that the bankruptcies in Endúr Industrier AS and ØPD
AS occurred on that same date. For actual financial figures, please refer to the half-year report.
5
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Endur ASA published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 07:25:07 UTC.
Endur ASA, formerly Bergen Group ASA is a Norway-based supplier of construction and maintenance projects. The Company delivers also services, and solutions for marine infrastructure, including facilities for land-based aquaculture, quays, harbors, dams, bridges and other specialized concrete and steel projects. Endur ASA consists of three reportable segments: Marine Infrastructure, that consists of Installit AS, among others, an engineering and technology company providing project management and engineering services within subsea cable installation and marine operations for the marine and renewables industries; Aquaculture Solutions that consists of Endur Sjosterk AS, among others, that manufactures floating concrete structures largely by way of feed barges for the aquaculture industry, and Other, that comprises Endur Maritime AS, Endur AAK AS and Endur ASA.
ENDÚR ASA 
