Tekna Holding ASA

Earnings Release • Apr 17, 2024

TEKNA: Trading update

TEKNA: Trading update

17.4.2024 07:00:01 CEST | Tekna Holding ASA | Additional regulated information

required to be disclosed under the laws of a member state

ARENDAL, NO / SHERBROOKE, QC. 17 April 2024 - Tekna Holding ASA (Tekna, OSE:

TEKNA), a world-leading provider of advanced materials to industry, will report

its Q1 2024 financial figures on 15 May 2024. The company today publishes a

trading update.

Preliminary Q1 numbers:

* Total operating revenues are expected to be in the range of CAD 8.6 to 8.8

million for Q1 2024, a decline of 7% to 9% from the same period last year.

The decline is due to both lower systems and materials revenues in the

quarter.

* Systems revenue is by nature volatile and fluctuations are to be expected.

* For Advanced Materials the slow start of the year is due to strong sales in

fourth quarter last year. Furthermore, high interest rates have caused a slow

down in investments in new 3D-printing machines, which in turn has resulted

in reduced revenues in this customer segment. Meanwhile, sales in other

segments were stable and Tekna expects revenue growth for the year as a whole

as per previous guiding.

* Adjusted EBITDA for Q1 2024 is expected to be in the range of CAD -2.4 to

-2.6 million, down from CAD -1.2 million in the first quarter 2023. This is

due to the decline in revenues, as well as one-off costs related to a joint

venture in France (see NewsWeb announcement on 6 February 2024). The company

continues with its strong focus on cash management and cash flow, and are

aiming for margin improvement for the year as previously guided.

* Backlog for materials closed 17% higher YoY at CAD 15.9 million (13.6).

Backlog for systems reduced to CAD 7.0 million (12.8).

* Order intake for materials was up 26% YoY at CAD 7.0 million (5.6).

* Order intake for systems in the quarter was CAD 0.4 million (3.9). However,

the pipeline for the remainder of the year is strong.

Numbers in parenthesis () refer to same period last year.

Further details will be published in the first quarter report on 15 May 2024.

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,

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/17847682/3028/4318/Download%20announcement

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