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Results for the second half of 2022

08 / 02 / 2023
Mintra, a leading supplier of digital learning and human capital management solutions, today announced the results for the second six months of 2022.

During the second half of 2022 Mintra reported revenues of mNOK 123.0, an increase from mNOK 116.8 in the second half of 2021, corresponding to a 5.1 per cent increase.

EBITDA for the second half of 2022 increased to mNOK 33.7 from mNOK 29.5 in the second half of 2021, which corresponds to an increase of 14 per cent. The company's EBITDA has improved from mNOK 58.0 in 2021 to mNOK 75.1 in 2022.

"Mintra succeeded in securing multimillion NOK contracts across all business segments and strengthened its eLearning market share within both the Maritime as well as Energy industries. At the same time, the company continues to intensify efforts to increase direct distribution and eLearning sales through the Marketplace offering as well as other digital channels," Kevin Short, CEO, Mintra.

Overall revenue for the full year of 2022 stands at mNOK 247.4, compared with mNOK 238.7 in 2021, representing a 3.7 per cent revenue growth. Mintra simultaneously improved its profitability by close to 30 per cent when compared to 2021. The results of 2022 reflect the impact of rightsizing the organization, organizational optimalization and delayed project activity experienced due to the Covid-19 pandemic.

Mintra secured contracts amounting to the value of mNOK 100, up by 25 per cent from mNOK 80 in the second half of 2021. This included a three-year contract awarded by BSM estimated at mNOK 12.8 and a two-year contract in the SEA region valued at mNOK 5.8.

Mintra's Board of Directors also has decided to propose a dividend payment of NOK 1.75 per share to its shareholders with the total dividend amounting to mNOK 325.

A live webcast and Q&A is hosted by Mintra, starting at 08:30 CEST. The live event can be accessed via the following link:

The half-year 2022 report and presentation will be made available at

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information please contact:

Kevin Short, CEO, tel: +44 1224 651340


Jostein Hufthammer, CFO, tel: +47 488 94 940


Triin Barrow, Investor Relations, tel: +44 1224 052164


About Mintra
Mintra Holding AS is a technology company which has been shaping the eLearning industry for more than 30 years. By taking pride in supporting more than 3,600 companies develop and deploy their people to meet competency and training requirements, Mintra has solidified its position as a preferred partner in the eLearning and human capital management solutions markets. Mintra is focused on clients with workforces operating in safety-critical industries such as energy and maritime where regulatory training is mandatory and needs to be refreshed and assessed on a frequent basis.