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Zaptec AS Earnings Release 2022

Apr 28, 2022

3796_rns_2022-04-28_6f01c06f-f14d-451c-943f-9dcfa43deec2.html

Earnings Release

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Zaptec: First quarter 2022 financial results

Zaptec: First quarter 2022 financial results

Highlights from Q1 2022:

• Strong purchase orders registration of 193 MNOK, up 164%

• Revenue growth of 81% despite temporary component shortage

• Export share of 68%

• Gross margin of 46%

• Adjusted EBITDA of 9.1 MNOK

• Maintain the trajectory towards previously announced strong growth projections

• Significant investment in an agile organization

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: [email protected]

Kristian Sæther, Finance Manager & IR, Zaptec AS

Tel: +47 90 70 85 12, e-mail: [email protected]

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.