Jordanes – results for the first quarter of 2024: Continued growth and improved profitability

Jordanes ASA (The “Group”) andJordanes Investments AS (the “Company”), today reports its results for thefirst quarter of 2024.

The Company recorded consolidated revenue of NOK 1 595 million for the quarter, up 3.3% year-over-year. The adjusted consolidated EBITA came in at NOK 108 million, up 25.8%year-over-year. Consolidated operating profit came in at NOK 104 million, up 58.7%year-over-year.

The Group recorded consolidated revenue of NOK 1 663 million for the quarter, up 7.6% year-over-year. The adjusted consolidated EBITA came in at NOK 110 million, up 32.4% year-over-year. Consolidated Operating profit came in at NOK 104 million, up 104.3% year-over-year.

“Jordanes delivered another quarter of sustained profitable growth. In the first quarter of 2024 all of our segments delivered both revenue and adjusted EBITA growth. We continue to improve operations through “One Jordanes” accomplishing 32% growthyear-over-year in adjusted EBITA at Group level” says Jan Bodd, CEO &Co-founder of Jordanes.

“I’m very pleased to see the strong demand for our brands continues into the first quarter of 2024, in line with our strategy to capture the consumer needs across all occasions throughout the day” continues Bodd.

Please find attached full report for the first quarter of 2024 for the Group and the Company, and the presentation of the results for the Group.

For further information, please contact:

Nikolai Steinfjell

Chief Financial Officer

Mob: +47 97 54 47 12

E-mail: nikolai.steinfjell@jordanes.no

About Jordanes

Jordanes is an established Scandinavian brand house focusing on everyday products and services. The Group owns and operate brands that reach the consumer across multiple channels and occasions throughout the day. The Group operates across four business segments: Branded Foods, Casual Dining, Fitness & Beauty, and International Brands.In 2023, the Group had Revenue of NOK 6,466 million, approximately 2,700employees, and 9 factories across Scandinavia.

This information is subject to the disclosurerequirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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