Jordanes – results for the second quarter of 2024
Jordanes ASA (The “Group”) andJordanes Investments AS (the “Company”), today reports its results for the second quarter of 2024.
The Company recorded consolidated revenue of NOK 1 660 million for the quarter, up 3.7% year-over-year. The adjusted consolidated EBITA came in at NOK 181 million, up 32.5%year-over-year. Consolidated operating profit came in at NOK 97 million, up 131.3%year-over-year.
The Group recorded consolidated revenue of NOK 1 741 million for the quarter, up 8.2% year-over-year. The adjusted consolidated EBITA came in at NOK 194 million, up 47.5% year-over-year. Consolidated Operating profit came in at NOK 49 million, up from NOK 1 million year-over-year.
“I am pleased to report that Jordanes delivered a strong performance in the first half of the year with improved profitability and continued organic growth. In line with our strategy,we continue to reshape our portfolio and strengthen our balance sheet with the divestment of Bisca in the second quarter. Looking ahead to the remainder of the year, we will continue to focus on organic profit growth and invest behindour strategic brands.” Says Jan Bodd, CEO & Co-founder of Jordanes.
Please find attached full report forthe second 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 disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.