Axactor ASA: First quarter financial results

(Oslo, 9 May 2023) Axactor ASA (Axactor, OSE: ACR) announce first quarter financial results.

Key figures Q1 2023 for continuing operations (change from Q1 2022 in brackets)*
- Gross revenue of EUR 83m (up 5%)
- Total income of EUR 62m (up 8%)
- EBITDA of EUR 30m (up 10%)
- Cash EBITDA of EUR 51m (up 4%)
- Return on equity 8% (stable)
- NPL investments of EUR 33m (down 59%)

"Axactor has had a good start to 2023. We have refinanced our EUR 545m revolving credit facility at satisfying terms, and deliver solid financial results despite macroeconomic headwinds. Furthermore, we continue to deliver cost discipline supporting an impressive EBITDA margin of 49% for the quarter. This is the result of several years of focused and dedicated work" says Johnny Tsolis, CEO of Axactor.

Presentations
10:00 am CET: The results will be presented in a global investor webcast with a live Q&A session. A recording of the webcast will be made available after the live stream is concluded on axactor.com.

Webcast participation will be possible via the following:

Streaming
- https://app.webinar.net/ojDlM562kN1

Phone
- Dial-in pin: 691439
- Norway: +47 81 50 33 08
- Sweden: +46 10 884 80 16
- Denmark: +45 89 87 50 45
- United Kingdom: +44 20 3936 2999
- United States: +1 646 664 1960

For additional information, please contact:
Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com

Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com

To learn more about Axactor, visit www.axactor.com

*EBITDA and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section on page 36-38 of the first quarter financial report.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Kyrre Svae, Chief of Strategy & IR at Axactor ASA, on 9 May 2023 at 07:00 CET.