Pexip Holding ASA - Q4 2022 results
Oslo, Norway, February 14, 2023 - Pexip Holding ASA ("Pexip" or "The Company", Oslo Børs Ticker: PEXIP), today presented its quarterly results for the fourth quarter of 2022, showing revenue of NOK 260.4 million and an adjusted EBITDA of NOK 21.7 million excluding one-off restructuring costs of NOK 29.2 million.The cost reduction program continued in Q4, and additional 189 million of annualized reductions in costs was realized in the quarter. The annualized operational cost base in Q4 ended at NOK 967 million, down NOK 372 million from the Q2 2022 level of NOK 1,339 million. This provides