FRY ASA: Publication of preliminary financial figures for Q4 2021
Norway- 15 February 2022Referring to the stock exchange release from NTS ASA("NTS") regarding publication of preliminary Q4 2021 figures for NTS, published on ticker NTS. Frøy ASA ("FRØY") today announce preliminary financial figures for Q4 2021. The financial figures attached are unaudited and preliminary. Key highlights Q4 2021 o Revenues of NOK 562,5 millionvs. Q4 20 NOK398,8 million. o EBITDA of NOK 260,2 millionincluding gain from sale of assets of NOK 84,2 million(Q4 20: NOK 166,4 millionincl. NOK 4,3 milliongain from sale of assets) o Backlog 31.12.21of approx. NOK 6.2 billionincluding options, approx. NOK 3.7 billionare fixed revenue commitments. o Net interest-bearing bank debt of NOK 3.465,8 million(Q4 20: 2.806,6 million) The final and complete Q4 2021 report including proposed capital allocation for 2021 will be released on February 23 2022. The final figures may deviate from the preliminary figures presented in this release. For further information, please contact: Tonje Foss, CEO +47 996 10 116 Tore Helgesen, interim CFO + 47 952 61 371 Sondre Vevstad, IR +47 936 54 555 About Frøy: Frøy is a leading integrated provider of aqua service services to Norwegian salmon farmers. With a team of more than 700 specialised professionals and a modern fleet of 80 vessels, Frøy offers a wide range of infrastructure services to salmon farmers. The service offer includes transport of fish, sorting, counting, cleaning of nets, treatment for diseases and lice, inspection, installation and maintenance of salmon farming sites. 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 § 5-12. Important notices This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in investment levels and need for the Company's services, changes in the general economic, political and market conditions in the markets in which the Company operates, the Company's ability to attract, retain and motivate qualified personnel, changes in the Company's ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not provide any guarantees that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this document. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.
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