Q4 2020 group revenue of EUR 29.7 million (EUR 28.5 million)
- YoY increase driven by higher volume-based revenues in German subsidiary
  * ~5x increase in monthly transaction volumes since the beginning of the year
- Higher project-related revenues towards year-end
- Subscription based ARR of EUR 104 million at the end of the quarter (EUR 102
million)
	
Q4 2020 adjusted EBITDA of EUR 6.2 million (EUR 4.8 million)
- Reported EBITDA of EUR 5.7 million (EUR 6.3 million) with no integration items
(related to vwd Group) during the quarter
- Quarterly P&L impact of cost-synergies with vwd Group reaching EUR 1.2 million

Initial stage of cost synergies (EUR 6 million) almost achieved
- Next stage of cost synergies involves larger bulk items linked to insourcing
projects, successful product migrations and other initiatives with quarterly
timing less certain

Completed acquisition of NB Trader

On 15 December 2020, Inflexion Private Equity Partners LLP announced that Dash
Bidco will launch an offer to acquire all outstanding shares of Infront ASA at
NOK 34.4 per share

- The offer was formally launched on 25 January 2021. The offer period will last
until 15 February 2021, subject to extension

Adapted to new working environment, following COVID-19 outbreak 
- Continued focus on employee health and complying with local guidance 
- Focus on developing and delivering state-of-the-art products and solutions,
regardless of our market- and work-environment

Oslo, 12 February 2021

Infront ASA (INFRNT) today announced its interim results for Q4 2020. 

Operating revenue was EUR 29.7 million (EUR 28.5 million), an increase of 4%
from the same quarter last year. 

"Infront finished 2020 with full-year revenues remaining stable (adjusting for
consolidation of vwd Group for all of 2019). Considering the prolonged lockdown
periods that negatively affected our marketing activities and all our
integration efforts that have shifted much of our focus inwards, our topline
development is definitely something we can all be proud of.

As we enter 2021, the initial phase of cost synergies is almost achieved with a
total of EUR 5.8 million in realized cost synergies with vwd Group. When we
reach the end of Q1 2021, we will have reached total cost savings of EUR 6
million through combining better data-sourcing and various operational
efficiencies.
 
Going forward the integration efforts will be even more customer oriented, and
probably more demanding due to several interdependencies between projects. In
many instances, this will require important investments in both capital and
internal resource allocation. However, when we eventually reach the end of the
tunnel, our product portfolio will be more tailored and better adapted for our
pan-European growth ambitions" said Kristian Nesbak, CEO and founder of Infront.
 

Adjusted EBITDA was at EUR 6.2 million compared to EUR 4.8 million in Q4 2019.
Reported EBITDA was EUR 5.7 million
(EUR 6.3 million).

Webcast:
Infront will present the Q4 2020 results at 10.00 CEST today hosted by CEO
Kristian Nesbak and CFO Max Hofer via a Microsoft Teams Event. The presentation
will be held in English.

Follow this link to access the webcast: https://bit.ly/3oQaOAh

There will be a Q&A session right after the presentation, please send questions
to ir@infrontfinance.com or post them through Microsoft Teams. A recording of
the presentation will be available on the website shortly after the webcast has
ended.

For further information please contact:
Kristian Nesbak, CEO of Infront, +47 940 04 000
Max Hofer, CFO of Infront, +47 971 48 953

The interim report and presentation are also available on the investor relations
pages at www.infrontfinance.com/investor-relations

About Infront:

Infront offers a powerful combination of global market data, news, analytics and
trading tools. With the recent acquisition of vwd Group, Infront's product
coverage also includes data and feed solutions, solutions for portfolio
management and advisory, regulatory compliance as well as publication and
distribution solutions. Our more than 3,000 customers and over 90,000
professional users benefit from the highest level of expertise in regulation,
private wealth, market data and the frictionless interaction of the diverse
solutions and products covering their complete workflow. Approximately 500
employees apply their expertise to meet the challenges of our clients, ensuring
they continuously receive the best solutions and services.

Infront is listed on the Oslo Stock Exchange.