INTERIM FINANCIAL REPORT Q4 2022 - Jøtul AS
The Jøtul Group (representing Jøtul AS together with its subsidiaries) is one of the three largest suppliers of fireplaces in Europe and a significant player in North America. The company, with a history dating back to 1853 through its legacy as one of Norway’s oldest companies, distributes stand-alone stoves, inserts, frames and accessories for fireplaces. The Group’s main brands are Jøtul, Scan and Ravelli. The Jøtul fireplaces are manufactured from cast iron and appear timeless and robust, with Norwegian origins. The Scan fireplaces are manufactured from plated steel and are characterized by modern Danish design, while the Ravelli pellets stoves are characterized by Italian design and technology. The head office is based in Norway. Manufacturing takes place through own production in Norway, Poland, France and the USA, in addition to a range of bought-in products. The products are sold through one of the most wide-reaching global networks in the industry, consisting of own sales companies and distributors. The products reach the end consumers through specialty shops, and in Norway also through building materials retail chains.
YTD Q4 2022, the Jotul Group reached a consolidated profit of MNOK 164.1 (Q4 2021: MNOK -34.8). The operating result amounted to MNOK 170.2 in YTD Q4 2022 (YTD Q4 2021: MNOK -34.8). The total comprehensive income for YTD Q4 2022 was MNOK 167.4 (YTD Q4 2021: loss of MNOK -29.5).
Nils Agnar Brunborg
Chief Executive Officer
Tel: +47 69 35 90 00