Fiven ASA fourth quarter report 2020 – Positive EBIDTA development
· Total revenues reported at EUR 23.8m, down by 8.7% versus fourth quarter 2019. · The adjusted EBITDA was EUR 3.9m, versus EUR 2.3m fourth quarter 2019. · The adjusted EBITDA margin increased, with key drivers coming from better sales mix, favorable situation on forex and cost reduction measures, and in spite of a net increase of provisions for inventory risk of EUR 0.6m. · The cash balance ended at EUR 23.0m versus EUR 14.8m in Q4 2019. The quarter on quarter improvement was EUR 6.3m coming from strong working capital performance. · The leverage ratio has improved and ended