Tekna Holding ASA

Earnings Release • Aug 17, 2023

Tekna Holding ASA: Half-Year and Second Quarter Results 2023 - All-time high quarterly revenues

Tekna Holding ASA: Half-Year and Second Quarter Results 2023 - All-time high quarterly revenues

17.8.2023 07:00:00 CEST | Tekna Holding ASA | Half yearly financial reports and

audit reports / limited reviews

(Arendal, NORWAY / Sherbrooke QC, CANADA) Tekna Holding ASA (Tekna, OSE: TEKNA),

a world-leading provider of advanced materials to industry, today announces the

company's results for the first half year and second quarter of 2023.

"Once again we deliver all-time high quarterly revenues, driven by strong growth

in both the Systems and Advanced Materials business lines. I am also very

pleased that the EBITDA was close to break-even and significantly improved? from

last year. We experience a continued strong interest in the market where leading

customers are approaching the industrial manufacturing phase," said Luc Dionne,

CEO of Tekna Holding ASA.

Total revenue in the quarter was CAD 11.0 million, an increase of 45 per cent

compared to the second quarter in 2022, closing the first half of the year at

CAD 20.4 million. Sales growth in the quarter was driven by a 66 per cent

increase in Systems and a 37 per cent in Advanced Materials. The adjusted EBITDA

in the second quarter of 2023 ?improved year-on-year by CAD 2.6 million to CAD

-0.6 million, closing the first half of the year at CAD -1.8 million. The

adjusted EBITDA improvement is resulting from an increase in revenues and

improved contribution margin? showing clear effects of organizational efficiency

and cost control measures.

Tekna reports order intake of CAD 6.5 million in the quarter, which is less than

in Q1, but within normal variations quarter by quarter. ?The total order backlog

was CAD 22.0 million, supporting the previous guidance of revenue growth for

2023 in both materials and systems.

"Our target for the capacity increase program has been reached. Our top priority

going forward is to continue to increase sales, production and delivery of

additive materials and to maintain the momentum on new orders and deliveries for

Systems. We are reiterating our guidance on improving operating revenues and

margins in 2023 compared to 2022, supported by the strong order backlog,

increased production capacity and organizational efficiency," said Mr. Dionne.

Results presentation

Tekna will present its financial results for the second quarter today at 13:00

CET. The results will be presented by CEO Luc Dionne and CFO Espen Schie of

Tekna Holding ASA, and the event will be made available via a live webcast.

Click the following link to register and gain access to the webcast:

https://www.tekna.com/investors/webcast-2023q2

Questions can be submitted via the webcast link during the live event. A

recorded version of the webcast will be available shortly after the webcast has

concluded.

For more information, please see the second quarter presentation material and

report for the first half of 2023, which are attached to this notice and

available at http://www.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, Tekna Holding ASA, +14388856330, +33670115190,

Arina.vanoost@tekna.com

ABOUT TEKNA HOLDING ASA

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. Tekna's powder products increase productivity

and enable more efficient use of materials, thereby paving the way towards a

more resilient supply chain and circular economy.

https://www.tekna.com

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/2530/3546/Download%20announcement

%20as%20PDF.pdf

Tekna Halfyear report 2023 vFF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/2530/3542/Tekna%20Halfyear%20repo

rt%202023%20vFF.pdf

2023Q2 vFF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/2530/3544/2023Q2%20vFF.pdf