Tekna Holding ASA

Earnings Release • May 4, 2023

TEKNA HOLDING ASA: FINANCIAL RESULTS FOR FIRST QUARTER 2023

TEKNA HOLDING ASA: FINANCIAL RESULTS FOR FIRST QUARTER 2023

4.5.2023 07:00:01 CEST | Tekna Holding ASA | Half yearly financial reports and

audit reports / limited reviews

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

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

the company's results for the first quarter of 2023.

"The quarter was marked by record-high revenues, due to strong growth in both

the Systems and Advanced Materials business lines. I am also very pleased to

report that the EBITDA is significantly improved? from last year, driven by

revenue growth and increased contribution margins. 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 9.4 million, an increase of 44 per cent

compared to the first quarter in 2022. Sales growth in the quarter was driven by

a 53 per cent increase in Systems and a 40 per cent in Advanced Materials. The

adjusted EBITDA in the first quarter of 2023 improved year-on-year by CAD 1.6

million to CAD -1.2 million resulting from an increase in revenues and improved

margins.

Tekna reports a strong order intake of CAD 10.4 million in the quarter with

solid performance from both Systems and Advanced Materials. The total order

backlog was CAD 26.4 million, an 86 per cent increase year-on-year, reflecting

the growing demand for advanced materials, significant wins, and a strong

pipeline of systems projects.

"Over 75 per cent of backlog is committed for delivery in 2023. Regarding the

capacity upgrade program, our technical upgrades have been successfully

implemented, and the factory is now operating at a 70 per cent increased output

rate. 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.

Arendals Fossekompani ("AFK"), Tekna's largest shareholder, reiterates its

long-term support of Tekna. As stated in the stock exchange release 11 April

2023, AFK and Tekna have signed an agreement for a CAD 25 million loan facility.

Results presentation

Tekna will present its financial results for the first 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-2023q1

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 first quarter presentation material, which

is 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, +1 438 885 6330, Investors@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/17847682/2316/3202/Download%20announcement

%20as%20PDF.pdf

2023Q1 vF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/2316/3188/2023Q1%20vF.pdf