Strong organic growth and M&A activities summarise the first six months for
Mintra, a leading provider of digital learning and Human Capital Management
solutions for the Maritime and Energy industries. The group delivered mNOK 145
in revenue, representing 16 per cent organic growth vs the first half of 2022.
Adjusted EBITDA was MNOK 48, representing a 33 per cent EBITDA margin.

"We are excited about our performance in the first half of 2023. Remaining true
to our strategy, Mintra is focused on driving group performance by expanding
compliance and accredited/certified materials on our platforms to onboard new
customers," commented Kevin Short, CEO of Mintra. 

Growth across the business 
In the period, the group secured several multimillion NOK contracts across all
business segments, eLearning, HCM software and Consulting, which has resulted in
revenue growth across the business. ADNOC, Equinor, International SOS, OKEA and
Prudence Marine are among the signed customers.

Strategic progress and new partnerships 
Mintra has also strengthened its ecosystem, adding Furuno, Meridian Maritime
Training Center LLC and ARuVR to its roster of partners. These partnerships
underline Mintra's continued drive to bring relevant and exciting partners to
its customers to provide required and planned learning technology from a
one-stop supplier. 

Successful acquisition of Seably
Closing out the first half of 2023, Mintra announced the acquisition of Seably,
a Swedish SaaS-based marketplace for online maritime training. Seably has
demonstrated strong growth in the maritime sector and brings good growth
opportunities to Mintra, representing annual revenue of more than mNOK 45. The
purchase price of Seably was SEK 79.7 million and the investment is expected, on
a short-term basis, to increase Mintra's net working capital by mNOK 15-20. In
the upcoming months, Mintra will drive the integration process to extract
synergies. 
Kevin Short added: "The terms of the Seably acquisition are favourable and
strengthen Mintra's growth in the maritime market. It also provides existing and
new customers with new capabilities to meet the demands of digitalisation and
automation in the sector."

Webcast
A live webcast and Q&A is hosted by Mintra, starting at 08:30 CEST. The live
event can be accessed via the following link:
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20230808_2
The half-year report and presentation will be made available at
www.mintra.com/investors.

For further information please contact:
Kevin Short, CEO, Mintra 		+44 1224 651340
Jostein R. Hufthammer, CFO, Mintra 	+47 55 98 63 00

About Mintra
Mintra is the provider of global solutions for digital learning, competence and
workforce management, primarily for energy, maritime and safety-critical
industries. Mintra's portfolio of digital products includes workforce planning,
training and skills management. More than 4100 enterprises trust the company to
improve security, increase efficiency and reduce costs. Mintra is an employer of
choice and its global team prides itself on the culture of collaboration and
exploration to enable the delivery of innovation to its customers. Mintra is
headquartered in Bergen, Norway, with offices and operations to support the
delivery of on- and offline services to its global customers 24/7.