Jotul Group - Interim financial report for the quarter ended 31 March 2024
June 24 2024 - 12:00PM
Jotul Group - Interim financial report for the quarter ended 31
March 2024
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 Q1 2024, the Jotul Group reached a consolidated net loss of
MNOK -76.1 (Q1 2023: profit of MNOK 65.1). The operating result
amounted to a loss of MNOK -54.9 in Q1 2024 (Q1 2023: profit of
MNOK 80.8). The total comprehensive loss for Q1 2024 was MNOK -59.7
(Q1 2023: profit of MNOK 83.4).
For further information, please contact:
Jøtul AS Adrian Postolache Group CFO Tel: +47
458 79 680 E-mail: adrian.postolache@jotul.no
The information was submitted for publication, through the
agency of the contact person set out above, at 18:00 CEST on 24
June 2024.
- Interim Report Q1 2024 - Jøtul Group