Fiven ASA - Second Quarter Results 2023
· The Q2 2023 total revenues reached EUR 40.7m representing a reduction of -19.9% versus Q2 2022. This is sequentially in line with Q1 2023 at 40.5m. · The adjusted EBITDA was EUR 12.4m, versus EUR 15.2m in Q2 2022 (-18.4%). Q1 2023 Adjusted EBITDA was EUR 13.0m · In spite of a lower performing core market, Fiven has largely managed to maintain revenues and adjusted EBITDA from the previous quarter through a growing share of customized products and a positive impact from currency · Cash Flow from Operations reached EUR 11.4m compared with EUR 6.2m Q2 LY · The cash balance ended