Jøtul Group - Interim financial report for the quarter ended 30 September 2023

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.

In the first nine months of 2023, the Jotul Group reached a consolidated profit of MNOK 76.3 (September YTD 2022: profit of MNOK 4.5). The operating result amounted to MNOK 126.0 during September YTD 2023 (September YTD 2022: MNOK 95.5). The total comprehensive income for September YTD 2023 was MNOK 90.6 (September YTD 2022: profit of MNOK 29.1).

Contact person:

Nils Agnar Brunborg
Chief Executive Officer
Tel: +47 69 35 90 00
Email: Nils.Brunborg@jotul.no



Interim Report Q3 2023 - Jøtul Group