Eqva ASA

Earnings Release • Aug 25, 2023

KEY FIGURES - BKS Holding (consolidated/group figures)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2023
	Full year	Full year	Full year	Full year	Full year	Full year	Full year	Full year	Q1	Q2
	Audited	Audited	Audited	Audited	Audited	Audited	Audited	Audited	Unaudited Unaudited
(Amounts in NOK million)
GROUP KEY INCOME STATEMENT FIGURES
Operating income	99,6	143,7	145,4	186,7	288,7	268,4	313,6	385,3	138,4	156,4
Cost of goods sold	28,0	47,6	39,9	48,2	80,3	54,6	77,6	103,6	48,3	58,6
Personnel expenses	45,7	64,0	76,0	100,4	149,9	156,5	173,3	208,0	64,0	69,8
Other operating expenses	18,0	19,7	17,7	23,6	37,8	40,9	48,5	57,0	17,8	16,8
EBITDA	7,9	12,4	11,8	14,4	20,7	16,4	14,2	16,7	8,2	11,3
EBITDA margin	7,9 %	8,7 %	8,1 %	7,7 %	7,2 %	6,1 %	4,5 %	4,3 %	5,9 %	7,2 %
Non-recurring items*						10,1	10,9	2,0
Adjusted EBITDA	7,9	12,4	11,8	14,4	20,7	26,5	25,1	18,7	8,2	11,3
Adjusted EBITDA margin	7,9 %	8,7 %	8,1 %	7,7 %	7,2 %	9,9 %	8,0 %	4,8 %	5,9 %	7,2 %
NIBD,*	-1,8	9,4	4,0	10,3	27,5	30,8	27,0	35,9	2,9	4,9

*Non-recurring items (mainly effects of Covid 19 and restructuring costs)

**NIBD/Net Interest Bearing Debt : Interest bearing bank debt less cash

***BKS Eigedom AS (owns the property at Sunde/BKS headquarters) was transferred internally to Eqva`s real estate division in Q1 2023 - debt in BKS reduced by abt. mNOK 35 following the transaction.