HIGHLIGHTS Q1 2021

• Revenues of NOK 356 million vs. Q1 20*: NOK 134 million.
• Adjusted EBITDA of NOK 92 million (Q1 20*: NOK 30 million) adjusted by NOK 8
million in IPO costs
• Backlog 31.03.21 of approx. NOK 6.5 billion including options
• Net interest-bearing bank debt of NOK 2.642 million (Q1 20*: 1.122 million)
• Operating cash flow of NOK 128 million (Q1 20*: NOK 28 million)
• Completed IPO with gross proceeds of NOK 1.000 million

Utdrag från Q1 rapporten:
"Frøy expect to grow considerably in the coming years, based on the ongoing newbuild program and long-term contracts.
Frøy strive to be the preferred long-term partner for salmon farmers through developing innovative, sustainable, and
efficient competence and aqua service infrastructure."

Om utbytte:
"Distributing dividends to its shareholders is an essential part of Frøy´s financial strategy. As the Group raised NOK 1.000
million in new equity in March 2021, the Board has not found it appropriate to distribute a dividend based on the 2020
results. The ambition is to pay a dividend based on the 2021 results. The Group´s dividend policy states that a dividend
of minimum 50% of net profit shall be paid when the Group expect that the financial gearing, on fully invested basis, is at
or below NIBD/EBITDA 3.5x and the Group has sufficient liquidity to meet future obligations."

Detta har jag väntat på. Ingen utbytte för 2020, men ser ut att den blir utbetalt för 2021.
Jag är nyfiken om detta blir årlig, halv-årig eller kvartalsutbytte.
Hade varit kul för kvartal men det kanske är lite för mycket att hoppas på :)

Finansavisen: https://finansavisen.no/nyheter/sjomat/2021/05/12/7671673/borsdebutant-froy-tredoblet-ebitda-resultatet
DNInvestor: https://investor.dn.no/#!/Oversikt/Direkte/83265