21 November 2023 - Inin Group AS reports a revenue of NOK 197.5 million in this
year's third quarter, an increase of 92 percent versus this year's second
quarter (102.7) and 128 percent versus third quarter 2022 (86.7, pro-forma). 

EBIT was NOK 7.6 million in the third quarter 2023, compared to NOK -4.1 million
in the second quarter this year and NOK -8.8 million in the third quarter 2022. 

"The third quarter was strong across all our platforms, both in terms of revenue
growth and profitability. We guided in the Q2 presentation that we expect to
deliver positive results in the second half of the year, and we are pleased to
present profitable growth for the third quarter," says Øivind Horpestad, CEO of
Inin Group.

Inin Group's order backlog stood at NOK 218 million at the end of the third
quarter. This figure does not include the order backlog of companies acquired
after the end of the quarter, including recently acquired Laje AS' backlog of
frame agreements with an annual value of NOK 490 million.

Inin Group's cash flow from operating activities was NOK 4 million in the third
quarter 2023. The company's cash balance was NOK 46.9 million as of 30 September
2023. 

CONTINUED HIGH ACTIVITY

Inin Group is a listed investment company that focuses on infrastructure
services. 

Currently, Inin Group consists of four platforms: Rail Infrastructure