Moment Group AB: To sum up, 2022 made a strong finish, both for the quarter and the year!

FOURTH QUARTER 2022
2022 2021 2022 2021
SEK million Oct-Dec Oct-Dec Jan-Dec Jan-Dec
Net sales 393 259 848 396
Pro rata sales 352 230 773 367
Other operating income 1 22 35 87
EBITDA 96 69 123 60
Adjusted EBITDA, SEK million 95 69 123 58
EBIT 80 36 63 -17

A WORD FROM THE CEO

To sum up, 2022 made a strong finish, both for the quarter and the year!
The strongest operating profit in the Group's history, for both the quarter and the full year! It is the commitment, competence and skill of everybody in the Group that makes this possible; everything we offer, the positive feedback from our guests and our focus on restoring profitability while preparing the platform for growth. We have clearly shown our strength in the things we can influence, and our excellent earnings make us confident we have the tools to counter anything that happens in this unpredictable world.

Net sales for the quarter totalled SEK 393 million (259) with an operating profit of SEK 80 million (36). Which means this year's fourth quarter was the best in the Group's history. Accumulated operating profit for the year came in at SEK 63 million (-17), which itself is also the strongest historically. It is especially pleasing that all business areas are delivering better than or according to plan. Earnings for the year were affected positively by SEK 29 million in support taken up as revenue; the Group received this to cover expenses when the operation was forced to remain closed at the beginning of the year, and for additional restart expenses after the pandemic.Bodyguard, Åsa-Nisse, Björn Skifs, Wallmans, Tootsie, Golden Hits and Annie were just some of the successes on our stages during the year. Furthermore, our activity arenas have attracted many guests for good food and beverages in combination with activities such as games, play and competitions. There were more than three hundred event assignments, and entertainment productions on cruise liners, at resorts and company events took place every day of the year. We reach many people with the experiences we create, with half a million tickets sold, several hundred thousand guests at shows with food and beverages, a hundred thousand nightclub guests and almost four hundred thousand guests just in our own twelve activity arenas. We can also be found on other stages, at exhibitions and similar where we reach a total of just over two million guests. These are just a few of the important parameters that contribute to our strong earnings.

We leave the year behind us with SEK 191 million (138) in cash and cash equivalents, and this equips us well not only to meet an unpredictable world, but also to make investments for the future. On the liability side, it's important to note that we have loans that fall due under the current terms at the end of March 2024 (SEK 144 million) as well as deferments for taxes, fees and rents (SEK 100 million) that must be repaid successively during the coming three-year period. As an indicator of the sales position moving forward, prepaid ticket revenues at the end of the year stood at SEK 87 million (84) which is on par with the previous year and expectations. However, the size can be affected by the way the production portfolio differs year-on-year.

While I'm proud of what we achieved in 2022, we've now entered a period of uncertainty with high inflation and unrest in our part of the world. This will impact our operation even if we have yet to notice any appreciable effects on ticket sales or demand from our corporate customers.

We enjoy great commitment from our very competent employees, and we're also boosting the organisation by adding new skills, for example by recruiting Magnus Widell, who will join us as COO & Deputy CEO. In parallel with all the work we're already busy with in the Group, we have a number of exciting growth projects on the drawing board that I hope we can realize during the year.

With everything we do, all the commitment and all the things we're busy with right now, it really feels as though the future is ours, so I hope to see you sometime soon at our arenas and events!

Gothenburg, 10 February 2023

Martin du Hane
Group CEO Moment Group (martin.duhane@momentgroup.com)

This disclosure comprises information that Moment Group AB is obliged to disclose according to the EU market abuse regulation. The information was submitted through the auspices of the above-mentioned contacts, for publication on 10 February 2023 at around 08:30 CET.