Fiven ASA first quarter report 2021
·Total revenues reported at EUR 28.4m, down by 11.9% versus Q1 2020 at actual FX rates and down by 4% at constant rates. ·The revenue performance is highest since the Covid-19 outbreak and represents a sequential improvement of 21.5% over Q4 2020. ·The adjusted EBITDA was EUR 3.9m, versus EUR 3.8m in Q1 2020. ·The adjusted EBITDA margin at 13.7% exceeded the margin from Q1 2020 of 11.8%. ·The cash balance ended at EUR 24.5m, up by EUR 1.5m from Year End 2020. ·The leverage ratio has improved and ended at 2.18. ·Fiven expects the order intake