Norva24 Group AB (Publ) Income Statement

Financials in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	3,631	3,132	2,445	2,006	1,512
Other Revenue	-0.3	20.1	21.1	18.9	10.1
Revenue	3,631	3,152	2,466	2,025	1,523
Revenue Growth (YoY)	15.20%	27.80%	21.79%	33.02%	18.25%
Cost of Revenue	1,905	1,631	1,224	995.9	765.8
Gross Profit	1,726	1,521	1,243	1,029	756.7
Selling, General & Admin	526.6	473.7	412.1	311.1	191.1
Other Operating Expenses	505.3	413.4	310.8	278.3	211.4
Operating Expenses	1,425	1,226	998.6	827	565.1
Operating Income	301.8	294.7	244.3	202.3	191.6
Interest Expense	-99.5	-77.3	-46.3	-100.1	-56.4
Interest & Investment Income	5.2	5.5	1.5	0.6	-
Currency Exchange Gain (Loss)	14.5	1.1	35.8	-13.8	10.2
Other Non Operating Income (Expenses)	10	1.1	-4.2	6.1	12.3
EBT Excluding Unusual Items	232	225.1	231.1	95.1	157.7
Merger & Restructuring Charges	-36.3	-10.8	-37.3	-8.9	-12.4
Other Unusual Items	50.1	19.5	2.5	-6	-
Pretax Income	245.8	233.8	196.3	80.2	145.3
Income Tax Expense	69	7.2	56.8	-5.8	33.3
Net Income	176.8	226.6	139.5	86	112
Preferred Dividends & Other Adjustments	-	-	-	31.3	37.9
Net Income to Common	176.8	226.6	139.5	54.7	74.1
Net Income Growth	-21.98%	62.44%	62.21%	-23.21%	92.44%
Shares Outstanding (Basic)	182	183	183	64	40
Shares Outstanding (Diluted)	182	183	183	64	40
Shares Change (YoY)	-0.24%	0.03%	184.55%	62.03%	1440.02%
EPS (Basic)	0.97	1.24	0.76	0.85	1.87
EPS (Diluted)	0.97	1.24	0.76	0.81	1.87
EPS Growth	-21.77%	63.16%	-6.17%	-56.68%	-83.81%
Free Cash Flow	481.6	349.1	259.4	266.6	292.2
Free Cash Flow Per Share	2.64	1.91	1.42	4.16	7.38
Gross Margin	47.54%	48.25%	50.39%	50.82%	49.70%
Operating Margin	8.31%	9.35%	9.90%	9.99%	12.58%
Profit Margin	4.87%	7.19%	5.66%	2.70%	4.87%
Free Cash Flow Margin	13.26%	11.08%	10.52%	13.16%	19.19%
EBITDA	548.9	506.5	385.9	322.7	265.9
EBITDA Margin	15.12%	16.07%	15.65%	15.93%	17.46%
D&A For EBITDA	247.1	211.8	141.6	120.4	74.3
EBIT	301.8	294.7	244.3	202.3	191.6
EBIT Margin	8.31%	9.35%	9.90%	9.99%	12.58%
Effective Tax Rate	28.07%	3.08%	28.93%	-	22.92%
Revenue as Reported	3,631	3,152	2,467	2,025	1,523

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.