SP Group — Earnings Release 2020

Jan 18, 2021

SP Group

NASDAQ Copenhagen A/S

Nikolaj Plads 6

1007 København K

Announcement No. 04 / 2021

18 January, 2021

CVR No. 15701315

Better product mix raises EBITDA margin for 2020 above outlook

SP Group’s preliminary, unaudited EBITDA margin for 2020 was raised to 16.4 % due to better product mix in Q4 than expected.

The outlook range was an EBITDA margin of 15 – 16 %.

Revenue is narrowed to the upper end of previously guided range of DKK 2.1 – 2.2 billion.

Profit before tax is narrowed to the upper end of previously guided range of 8 – 9 % af revenue.

As previously announced, SP Group’s Q4 2020 report and outlook for 2021 is scheduled to be released on 26 March 2021.

Further information:

CEO Frank Gad

Phone: (+45) 70 23 23 79

www.sp-group.dk

In case of any discrepancies, the Danish version shall prevail.

SP Group A/S, Snavevej 6-10, 5471 Søndersø, Denmark, www.sp-group.dk