Fiven ASA second quarter report 2022
· Total revenues reported at EUR 50.8m representing an increase of 68.1% versus Q2 2021 and sequential increase of 1.1% over Q1 2022 · The adjusted EBITDA was EUR 15.2m, versus EUR 5.8m in Q2 2021 and EUR 11.9m in Q1 2022. · Fiven results are impacted by strong demand, higher market shares and inflationary market prices · The price increase is compensating for power and raw material inflation as well as rising transportation costs and labor costs · The higher market share is following shortage of SiC due to supply chain turbulences and competitors reducing their output ·