Elmera Group ASA

Earnings Release • Apr 6, 2022

Trading update Q1 2022

• Customer figures quarter-end (QoQ change):
  • Consumer: 663' (-29')
  • Business: 115' (+4')
  • Nordic: 177' (+5')
  • New Growth Initiatives:
    • Mobile: 154' (-6')
    • Extended Alliance: 87' (0')
• Group EBIT adj. expected in the area of NOK 160-170m for Q1 2022
  • All time high financial performance in the Business segment
  • Nordic segment significantly better than earlier indicated no under-hedging effects in the quarter
  • Consumer segment negatively affected by very mild weather and low consumption volumes
  • New Growth Initiatives also affected by lower consumption volumes from Alliance