Fiven ASA

  • Land: Norway

Nachricht vom 28.05.2020 | 12:35

Fiven ASA: Fiven ASA first quarter report 2020

DGAP-News: Fiven ASA / Key word(s): Quarter Results
28.05.2020 / 12:35
The issuer is solely responsible for the content of this announcement.

Press release

Oslo, 28.05.2020 at 12:00 CET

Fiven ASA first quarter report 2020

Financial highlights

  • Fiven delivered first quarter 2020 results with limited impact from Covid-19
  • Total revenues reported at EUR 32.2m, up by 0.2% versus first quarter 2019.
  • The adjusted EBITDA was EUR 3.8 m, up by 2.5% versus first quarter 2019.
  • Fiven's liquidity has been strengthened through the quarter, cash balance at EUR 23.9m, up by EUR 9.1m since year end 2019.

Business highlights

  • Fiven ASA is since 31 March listed at the NASDAQ Stockholm for bond trading.
  • The IT Carve Out Project from Saint Gobain (former owner of Fiven) was completed by 31 March 2020.
  • Fiven is taking appropriate measures to adapt its production and organization to the current customer demand.


The visibility into the future is very short and future sales are very difficult to predict. Fiven standard product markets are more impacted by the pandemic than the demand for specialty products. Even though the first quarter results showed a limited impact on Fiven financials, the decrease of order intake and subsequently the order book indicates that the crises will increasingly hit the Fiven group at least for Q2 2020. How profound and how long the situation will prevail, is very uncertain.

Under those uncertain conditions, FIVEN Group has taken all appropriate measures to produce safely and to adapt its production and organization level to the effective level of customers' demand. This includes calibrated cost reduction measures of which adapted decrease in production and administrative workforce.

The full first quarter report 2020 can be downloaded from

This information is information that Fiven ASA is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 12:00 CET on 28.05.2020.

For further information, please contact:

Stein Erik Ommundsen, Group CFO and General Manager
+47 975 10 481,

Stefan Mokros, IR Manager
+49 221 6507 6097,

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

28.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at

show this

Event im Fokus

How to Vergütungsbericht?

Im Zulauf auf die neue Berichtssaison adressiert das hkp/// group Tutorial die wichtigsten Neuerungen für die Kommunikation von Vorstands- und Aufsichtsratsvergütung im Vergütungsbericht.

Mittwoch, 18. August 2021, 14:00 -15:30 Uhr

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“


Cryptology Asset Group PLC: 120 % Kurspotenzial

GBC Research hat mit der Coverage der Cryptology Asset Group PLC (ISIN: MT0001770107) begonnen. Die Bewertung der führenden europäischen Investmentgesellschaft für Krypto-Assets und Blockchain-Unternehmen erfolgte mittels der Berechnung des Net Asset Value (NAV). Unter Berücksichtigung aller Beteiligungen ergibt sich zum 05. Juli 2021 eine GBC-Fair-NAV-Bewertung in Höhe von 1,04 Mrd. EUR. Daraus ergibt sich ein NAV je Cryptology-Aktie von 358,43 EUR. Daher empfiehlt GBC Research die Cryptology-Aktie zum Kauf und sieht ein Kurspotenzial von über 120 %.

News im Fokus


03. August 2021, 07:30

Aktueller Webcast

HelloFresh SE

Q2 2020 Results Webcast

10. August 2021

Aktuelle Research-Studie

asknet Solutions AG

Original-Research: asknet Solutions AG (von Sphene Capital GmbH): Buy

04. August 2021