Fiven ASA - First Quarter Results 2024
· The total revenues in Q1 2024 reached EUR 35.2m, representing a sequential reduction of · -1.4% from Q4-2023 and -13.1% versus Q1 2023. Customized products evidenced resilience vs. current market situation. · The adjusted EBITDA was EUR 10.5m, up from EUR 9.6m in Q4 2023 and compared to EUR 13.0m in Q1 2023, (Q1 2023 being historically the strongest Q1 result of Fiven) · Cash Flow from Operations was EUR -0.1m compared with EUR 2.8m Q1 LY. The lower cash generation in 2024 was impacted by a one-off change in working capital of EUR -2m. · The cash balance ended at EUR 29.1m, a