Tekna Holding ASA

Earnings Release • May 5, 2021

TEKNA HOLDING AS: FINANCIAL RESULTS FOR FIRST QUARTER 2021

TEKNA HOLDING AS: FINANCIAL RESULTS FOR FIRST QUARTER 2021

5.5.2021 07:00:01 CEST | Tekna Holding AS | Half yearly financial reports and

audit reports / limited reviews

(Arendal, NORWAY / Sherbrooke QC, CANADA - 05 May 2021) Tekna Holding AS (Tekna,

OSE:TEKNA), the world-leading provider of advanced materials to industry,

reported revenues of CAD 7.8 million in the first quarter of 2021 (Q1 2020: 4.3)

and an adjusted EBITDA of CAD 0.4 million (-1.7), of which recurring revenues

amounted to 85 percent in the period.

"Tekna had a solid start to 2021, posting 83 percent revenue growth

year-on-year, mainly driven by new customers and increased powder sales, a trend

which is accelerating," says Morten Henriksen, Tekna Holding's chief executive

officer. "We've already secured 65 percent of our annual revenue target for

materials and we're scaling up our sales organization and our production

capacity globally to meet demand in all three of our operating segments."

Tekna reported revenues of CAD 7.8 million in the first quarter of 2021, up from

CAD 4.3 million in the corresponding quarter last year, and an adjusted EBITDA

of CAD 0.4 million, compared to CAD -1.7 million in the first quarter 2020.

Powder revenues reached a record CAD 4.4 million, up 23 percent year-on-year.

Recurring revenues rose to CAD 3.7 million, up 42 percent from the first quarter

In April, Tekna's Board of Directors approved a roadmap for capacity increase

for the three segments, Additive Manufacturing, Printed Electronics and Energy

Storage, which will bring the company's total number of plasma systems from

eight to 14. The company has commissioned a state-of-the-art powder atomizer for

titanium to meet growing demand from the aerospace, medical, and automotive

industries.

"The first quarter 2021 offered several milestones, including the listing of

Tekna Holding AS on Euronext Growth in Oslo in March," says Luc Dionne, chief

executive officer of Tekna Canada. "Tekna raised close to NOK 700 million in new

equity prior to the listing, providing us with the financial strength to fuel

our ambitious growth strategy."

Tekna is well positioned for growth and has a proven track-record of

scalability. Revenues are driven by megatrends accelerating demand for

high-quality micro and nano materials and increasing market share due to the

uniqueness of the materials produced.

In the Energy Segment, Tekna signed an agreement in April with the leading

Korean chemical company LG Chem on a multi-year joint development program to

produce new materials that will improve the storage capacity and the cycle

stability of Lithium-Ion batteries. Both companies bring patented technology to

the project, which will contribute to meeting the accelerating demand for

high-performance Lithium-ion batteries, driven by the growing global need for

energy storage.

"Tekna's operations have been largely unaffected by the Covid-19 pandemic and

the market outlook is positive. We're on track to reach our target to grow 2020

materials revenues of CAD ~13 million to a run-rate of CAD ~22 million in 2021,"

says Henriksen.

Tekna will present its first quarter 2021 report on Wednesday 5 May 2021 at

14:00 CET. The investor presentation will be streamed live and be hosted by

Morten Henriksen, CEO Tekna Holding AS and Chairman Tekna Canada, and Luc

Dionne, CEO Tekna Canada. The presentation will be held in English and questions

can be submitted throughout the event. The streaming event is available through:

https://channel.royalcast.com/landingpage/hegnarmedia/20210505_8/

For additional information, please contact us.

* Arina van Oost, VP Corporate Strategic Development & Innovation / IR manager,

+1 438 885 6330, investors@tekna.com

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Arina van Oost, Investor Relations | VP Corporate Strategic Development &

Innovation, +1 438 885 6330, Investors@tekna.com

ABOUT TEKNA HOLDING AS

Tekna is a world-leading provider of advanced materials to industry,

headquartered in Sherbrooke, Canada. Tekna produces high-purity metal powders

for applications such as 3D printing in the aerospace, medical and automotive

sectors, as well as optimized induction plasma systems for industrial research

and production. With its unique, IP-protected plasma technology, the company is

well positioned in the growing market for advanced nanomaterials within the

electronics and batteries industries. Building on 30 years of delivering

excellence, Tekna is a global player recognized for its quality products and its

commitment to its large base of multinational blue-chip customers.

www.tekna.com - http://www.tekna.com

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/522/669/Download%20announcement%2

0as%20PDF.pdf

Tekna Q1 2021_Final.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/522/668/Tekna%20Q1%202021_Final.p

df