Zaptec AS — Earnings Release 2021

Oct 4, 2021

Zaptec trading update Q3-2021 - Continued strong growth

Zaptec trading update Q3-2021 - Continued strong growth

Zaptec registered purchase orders of 148 MNOK in the third quarter, which is an increase of 182% compared to third quarter 2020.

Recorded revenue ended at 131 MNOK which is an increase of 150% compared to the same period last year.

The order back-log increased to 43 MNOK at end of Q3, up from 26 MNOK registered previous quarter. Despite a challenging component market the production volume is currently ramping up to meet product demands with a goal of leveling with sales during fourth quarter.

The international growth continues, and the export share ended at 47% for the third quarter, compared to 27% for the same period of 2020.

“During the third quarter Zaptec ranked 19th on «attractive workplaces” in the yearly Young Professional Attraction Index in Norway. It is of vital importance for our continued international growth to attract, retain and develop top industry professionals. Beeing able to offer succesful careers for young people is rewarding and a top priority", says Anders Thingbø, CEO in Zaptec.