Nedap N.V. — Earnings Release 2021

Apr 7, 2021

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Netherlands, Groenlo, 6 April 2021, 17.45

• Q1-2021 revenue up with 2% compared to Q1-2020
• Recurring revenue up 13% compared to previous year
• Challenging component market

Revenue in the first quarter of 2021 grew by 2% compared to the sound first quarter of 2020. The business units Healthcare, Identification Systems, Light Controls, Livestock Management and Staffing Solutions managed to grow their revenue compared to the same period last year. Revenue at the business units Retail and Security Management was down on last year. The recurring revenue in the first quarter was up 13% compared to the same period last year.

The new strategic plan for the coming five years entitled 'Step Up!' was presented at the Capital Markets Day on 17 March 2021. The most important goal of this plan is to build and expand leading positions in various markets based on the current portfolio of propositions to accelerate the company's revenue growth. Along with the plan, financial objectives towards 2025 were unveiled. These include a revenue that is developing towards annual high-single-digit autonomous growth and an operating (EBIT) margin that grows towards 15%.

As global shortages of electronics components continued to worsen over the past few months, it is becoming increasingly challenging to guarantee the continuity of product supplies to our customers. We cannot rule out delays in deliveries to our customers over the coming months. In addition, this component shortage, together with rising transport prices, is leading to increasing upward pressure on the cost prices of our products.

Nedap expects that developments in the various markets worldwide will continue to be driven by the COVID-19 pandemic. This, combined with the uncertainty in the supply chain, makes that it is too early in the year to make a reliable statement about how revenue is likely to develop over the year.

Nedap's annual general meeting will be held virtually on 8 April 2021.

12 April 2021 - Ex-dividend date 13 April 2021 - Record date 19 April 2021 - Dividend payment date

Nedap focuses on the development and supply of Technology for Life: technological solutions that make people more comfortable and successful in their professional lives. Nedap N.V. has a workforce of over 800 employees and operates on a global scale. The company was founded in 1929 and has been listed on Euronext Amsterdam since 1947. Its headquarters are located in Groenlo, the Netherlands.

Daniëlle van der Sluijs CFO +31 (0)544 47 11 11 ir@nedap.com nedap.com

This press release contains the Board of Directors' forward-looking statements and expectations based on current insights and assumptions, which are subject to known and unknown risks and uncertainties. A number of factors could cause actual results or events to differ from the Board of Directors' expectations, including but not limited to changes in the economic climate, developments on specific markets, orders from individual customers and other developments.

Nedap cannot be required to update the forward-looking statements contained in this document or held responsible for doing so, regardless of whether they are related to new information, future events or suchlike, unless Nedap is required to do so by law.

In case of discrepancies, inconsistencies or interpretation differences between the English and the Dutch version of the trading update, the Dutch version of the trading update will be leading.