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Zaptec AS Earnings Release 2020

Dec 4, 2020

3796_iss_2020-12-04_d3878a28-f0a4-41de-b162-aabe63cfc099.html

Earnings Release

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Changed sales forecast 2020

Changed sales forecast 2020

Reference is made to the quarterly report for Q3 2020, where the guiding for revenue growth for 2020 was 25-30%.

High sales growth so far in Q4 means that this guiding has been changed to 35% for 2020.

For more information:

Anders Thingbø, CEO, Zaptec AS

Tel: +47 934 88 385, e-mail: [email protected]

Kurt Østrem, CFO, Zaptec AS

Tel: +47 404 04 700, e-mail: [email protected]

About ZAPTEC:

ZAPTEC is a leading developer and seller of charging systems for electric vehicles and related technology for multi family homes, office buildings and large parking facilities. Its chargers have integrated phase-balancing technology and utilise Automatic Power Management software, allowing charging at significantly higher speeds compared to conventional chargers without such technology. The group has 32 employees and is headquartered in Stavanger, Norway.