(Oslo, Norway, 28 February 2022) Arribatec Group ASA (OSE:ARR, Arribatec) today
reported revenues of NOK 116.0  million in the fourth quarter of 2021, up 91%
from NOK 60.8 million in the corresponding quarter in 2020, and an adjusted
EBITDA of NOK - 0.9 million (6.9). The company has a solid backlog and
reiterates the positive outlook for 2022.

"We delivered all-time high revenues of NOK 116 million in the fourth quarter,
landed important contracts across our five business areas, and continue to bring
new colleagues to the global team. The implementation of our M&A strategy
continues to yield results and the integration of the acquired companies and our
common business development initiatives has led to several important project
wins. We have a solid backlog for 2022 and we are excited about the
opportunities we see in the market. 2022, " says Geir Johansen, CEO of
Arribatec.

Arribatec reported revenues of NOK 116 million in the fourth quarter of 2021
(60.8) and an adjusted EBITDA of NOK -0.9 million (6.9). Reported EBITDA was
negative NOK 4.5 million (-53.2), with recognized recurring revenues of NOK 36.9
million (12.8). The reported EBIT ended at NOK -26.9 million (-58.0) and the
company held NOK 43.8 million in cash at the end of 2021.

For the full year 2021, Arribatec reported revenues of NOK 413.9 million (154.0)
and an adjusted EBITDA of NOK -1.6 million (14.9). The reported EBITDA was
negative NOK 6.8 million (-45.3), The reported EBIT ended at NOK -49.8 million
(-52.5).

"During the fourth quarter, we continued the streamlining of the internal work
processes and enhance production systems to increase efficiency and reduce unit
cost over time. Additionally, the global sales organization is optimizing the
sales process to take full advantage of all cross-selling opportunities across
the group. With our strong backlog and momentum, we reiterate the positive
outlook for 2022, " Johansen concludes.

The presentation and the board of directors' financial report for the fourth
quarter of 2021 are enclosed.

EBITDA/Adjusted EBITDA and other alternative performance measures (APMs) are
defined and reconciled to the IFRS financial statements as a part of the APM
section of the 2021 fourth-quarter report on page 25.

Arribatec Group ASA will host a presentation of the fourth quarter financial
results 2022 on Monday 28 February 2022 at Hotel Continental, Stortingsgata
24/26, Oslo, at 08:30 CET. The presentation will be streamed live at

https://www.arribatec.com/live-stream-q4-2021/ 

ENDS
For additional information, please contact: 
Geir Johansen, CEO, Arribatec Group ASA: +47 4771 0451
Martin Nes, Chairman of the Board, Arribatec Group ASA: +47 920 14 814

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject of the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Geir Johansen, CEO, Arribatec Group ASA, on 28
February 2022 at 07:00 CET.

About Arribatec | www.arribatec.com 
Arribatec is a software and consulting company headquartered in Oslo. With a
customer-centric engagement model, combined with a deep system, integration, and
domain competence, Arribatec builds long-term strategic partnerships with a
broad customer base. Arribatec serves more than 1000 large entities spread over
25 countries and various industries, both in the private and public sectors. The
company employs over 400 people with offices in 17 countries, and is listed on
the Oslo Stock Exchange under the ticker code ARR.