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XXL HIGHLIGHTS¹ Operating revenue of NOK 2 686 million ( NOK 2 823 million ) - negative growth impacted by late delivery of bicycles Continued strong E - commerce growth of 18 per cent Gross margin of 38.9 per cent ( 40.8 per cent ) - sharpened campaign activities EBITDA of NOK 336 million ( NOK 420 million ) ■ ■ 2 162 2014 Q1 OPERATING REVENUES 2 823 2 865 2 166 2 187 Q2 2 473 12 420 Q3 2 686 2 319 2572 Q4 2019 ( Restated ) 2020 ( Restated ) 2021 177 207 -36 Q1 INTERIM REPORT Q3 2021 XXL ASA 289 EBITDA 404 392 Q2 CCM 420 280 Q3 336 2019 ( Restated ) 2020 ( Restated ) 327 -209 Q4 2021 CCM 82 88 90 Q1 CEM NUMBER OF STORES 85 89 90 Q2 2019 85 89 91 Q3 2020 86 90 2021 1 ) Please refer to definitions at the end of the report for descriptions of alternative performance measures that are used in highlights and key figures ( all numbers from Q3 2020 are restated ) Q4 PAGE 1