Fiven ASA first quarter report 2022

· Total revenues reported at EUR 50.2m representing an increase of 77.1% versus Q1 2021 and sequential increase of 35.5% over Q4 2021 · The adjusted EBITDA was EUR 11.9m, versus EUR 4.5m in Q1 2021 and EUR 7.0 in Q4 2021. · Cash Flow from Operations ended at EUR - 0.9m compared with EUR 2.4m in Last Year’s Q1 driven by the early purchase of raw materials to secure supply and reduce impact of anticipated inflation · The cash balance ended at EUR 23.1m, down from EUR 23.6m end of 2021 and 24.5m Q1 end of 2021 · The March 31 leverage ratio stood at 1.76 · Fiven has a stable