(Oslo, Norway, 28 May 2025) Arribatec Group ASA (OSE: ARR, Arribatec) is pleased to announce its strongest quarter ever, marking significant progress in our turnaround journey. For Q1 2025, we achieved revenue of 146 million NOK, a 15% increase compared to Q1 last year, excluding discontinued operations. EBITDA improved to 11.9 million NOK, with an EBITDA margin of 8%, up from a negative 2.5% in Q1 last year. Our cash position strengthened to 65 million NOK, up from 23 million NOK at year-end 2024.
In Q1, we signed 474 new contracts and scope extensions totaling 130 million NOK, up from 107 million NOK in Q1 last year.
In summary, Q1 2025 marks a successful execution of our turnaround strategy, with a leaner structure, stronger financials, and a clear strategic direction.
The Board of Directors’ financial report for the first quarter of 2025 is enclosed.
Arribatec Group ASA will host a web presentation for the first quarter financial results 2025 on Wednesday 28 May 2025 10:00 CET. The presentation will be streamed at https://www.arribatec.com/arribatec-q1-2025/
Ole Jakob Kjølvik, Interim CEO, Arribatec Group ASA: +47 915 98 935
Håkon Fure, Chairman of the Board, Arribatec Group ASA: +47 408 89 018
About Arribatec | www.arribatec.com Arribatec is a software and consulting company headquartered in Oslo. With a customer-centric engagement model combined with a deep system, integration, and domain competence, Arribatec builds long-term strategic partnerships with a broad customer base. Arribatec serves more than 1700 companies spread over 25 countries and various industries in the private and public sectors. The company employs over 250 people with offices in 10 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.