Zaptec AS — Earnings Release 2022

Aug 25, 2022

Zaptec: Second quarter 2022 financial results

Zaptec: Second quarter 2022 financial results

Highlights from Q2 2022:

• Strong purchase orders registration of 218 MNOK, up 84%

• Revenue growth of 65% despite production stop in April

• Production going forward secured and second production partner Sanmina on track

• Export share increased to 70%

• Gross margin of 42%

• Adjusted EBITDA of 7.7 MNOK

“We continue to grow and invest in-line with the increasing order intake, and therefore the decreased EBITDA margin due to the production stop is regarded as temporary. The revenue growth rate guiding of minimum 70% remains.” Says Zaptec’s CEO Peter Bardenfleth-Hansen.

Please refer to the attached report and presentation for further details.

For more information:

Peter Bardenfleth-Hansen, CEO, Zaptec AS

Tel: +47 40 10 31 78, e-mail: pbh@zaptec.com

Kristian Sæther, Finance Manager & IR, Zaptec AS

Tel: +47 90 70 85 12, e-mail: investor@zaptec.com

About Zaptec:

Zaptec AS is a technology company within Electric vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.