(Oslo, Norway, 19 August 2022) Arribatec Group ASA (OSE:ARR, Arribatec) today
reported revenues of NOK 120.2 million in the second quarter of 2022, up 15%
from NOK 104.4 million in the corresponding quarter last year, and an EBITDA of
NOK - 11.5 million (1.8). 

"We continue the growth and have increased our recurring revenue again compared
to a year ago. Our partnership strategy underpins our overall growth, and we
continue developing new and existing partnerships. We have reached the end of
all of our main integration and structuring activities internally during the
second quarter, and are gearing up for further growth on the platform that we
have built" says Geir Johansen, CEO of Arribatec.

Arribatec reported revenues of NOK 120.2 million in the second quarter of 2022
(99.2) and an EBITDA of NOK -11.5 million (1.8). The reported EBIT ended at a
negative NOK 24.8 million (-6.2), with recognized recurring revenues of NOK 43.6
million (37.8). The company had NOK 55.7 million in cash at the end of the
second quarter of 2022.

"During the second half of 2022, we expect to see higher revenue compared to
first half, and an improvement in EBITDA. We have built internal infrastructure
to accommodate higher revenue volumes, and have staffed up to accommodate the
increased project work that we have ahead of us" Johansen concludes.

The board of directors' financial report for the second quarter of 2022 is
enclosed.

*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 second-quarter report on page 36.

Arribatec Group ASA will host a web presentation of the second quarter financial
results 2022 on Friday, 19 August 2022, at 09:00 CET. The presentation will
stream live at 

https://www.arribatec.com/q2-2022/

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 according to the EU
Market Abuse Regulation and is subject of the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Geir Johansen, CEO, Arribatec Group ASA, on 19
August 2022 at 07:30 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 445 people around the world and is listed on the Oslo Stock
Exchange under the ticker code ARR.