Summary of the period Sept 2022 - Aug 2023

-
Net sales amounted to SEK 91,641 thousand (71,656), an increase of 27.9 percent compared to the previous year.

-
Profit before depreciation (EBITA) amounted to SEK 13,811 thousand (13,279), corresponding to an EBITA margin of 15.1 percent (18.5).

-
Operating profit (EBIT) amounted to SEK 9,722 thousand (9,254), corresponding to an EBIT margin of 10.6 percent (12.9).

-
Both EBITA and EBIT have been negatively affected by currency translation effects of SEK -1,036 thousand (630).

-
Earnings per share before dilution SEK 0.38 (0.56).

Summary of the period June - August 2023

-
Net sales amounted to SEK 11,080 thousand (16,679), a decrease of 33.6 percent compared to the previous year. The low turnover is part of normal variations in project deliveries between quarters.

-
EBITA amounted to SEK -1,997 thousand (2,771), corresponding to an EBITA margin of -18.0 percent (16.6).

-
Operating profit (EBIT) for the period amounted to SEK -3,019 thousand (1,758), corresponding to an EBIT margin of -27.2 percent (10.5).

-
Earnings per share before dilution SEK -0.26 (0.16).

Events in the period June - August 2023

-
There are no significant events to report during the period.

Events after the end of the period

-
Eric Johansson, Deputy CEO, terminates his employment at Norditek and resigns from the Board.

This information is information that Norditek Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on October 24, 2023.

The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.

For further information, please contact

Daniel Carlberg, President and CEO, Norditek Group AB

daniel.carlberg@norditek.se

070-219 04 91

Summary of the period March - May 2023

-
Net sales amounted to SEK 21,418 thousand (12,678), an increase of 68.9 percent compared to the previous year.

-
Profit before depreciation (EBITA) amounted to SEK 1,599 thousand (3,219), corresponding to an EBITA margin of 7.5 percent (25.4).

-
Operating profit (EBIT) for the period amounted to SEK 586 thousand (2,216), corresponding to an EBIT margin of 2.7 percent (17.5), affected by currency translation effects of SEK -686 thousand (705).

-
Earnings per share before dilution SEK -0.03 (0.10).

Summary of the period Sept 2022 - May 2023

- Net sales amounted to SEK 80,561 thousand (54,977), an increase of 46.5 percent compared to the previous year.
-
Profit before depreciation (EBITA) amounted to SEK 15,808 thousand (10,508), corresponding to an EBITA margin of 19.6 percent (19.1).

-
Operating profit (EBIT) for the period amounted to SEK 12,741 thousand (7,496), corresponding to an EBIT margin of 15.8 percent (13.6), affected by currency translation effects of SEK -867 thousand (52).

- Earnings per share before dilution SEK 0.64 (0.41).

Events in the period March - May 2023

- Norditek is building a unique test and competence center for recycling in Kungsbacka.

Read the full report in the attached pdf.

This information is information that Norditek Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on July 25, 2023.

The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.

For further information, please contact

Daniel Carlberg, President and CEO, Norditek Group AB

daniel.carlberg@norditek.se

070-219 04 91 

- The transition to a circular society cannot wait and we are working hard to accelerate the development of more solutions to meet the growing demand. Our goal is now to build a test and competence center where our customers, the material owners, can submit their various waste and materials to test drive them directly. They will then go much faster from idea to full-scale test run. We are convinced that this will accelerate the development of a higher proportion of recycling in society," says Daniel Carlberg, CEO of Norditek.

To make recycling more efficient in more areas and with different materials, it is crucial to test different systems, sub-components and entire plants for each type of application. Norditek has therefore been working for many years with the so-called Norditek staircase. Together with customers, facilities are tested on site at the customer to ensure proper functionality and estimated financial return. The method ensures that the investment is profitable in the way defined in discussion with the customer.

In the new test and competence center, the majority of such tests can be done directly on site with very large savings for the customer and Norditek. In addition, testing will be possible in up to one tenth of the calendar time of the normal time in the so-called Norditek staircase. In the competence center, training for customers and other decision-makers will be held to teach about opportunities to speed up the transition. Training for operators is also important to optimize the capacity of existing plants. The new facility will also include a head office, workshop and equipment rooms.

- The test center is the truly unique feature of this facility where all recycling technologies are gathered in one place. Today, test materials for some projects have to be exported and then returned to Norditek for analysis. The export authorization process alone currently takes up to 6 months. In our test center, we will be able to test materials together with our customers for analysis and ROI in real time. Projects that previously took many months will now be evaluated in a few days because we now have the opportunity to test all materials at the same time. The test result means that an optimized solution for full-scale production can be established significantly faster to the customer," says Daniel Carlberg.

Norditek currently operates all over Sweden with over 800 machines that recycle excavation materials, construction waste, sand, compost soil, etc. Many of the machines are developed in-house in Umeå, where production is currently located. Machine production will continue in Umeå while the head office, which is currently located in Gothenburg, will move to Kungsbacka.

- We are happy to be able to continue operating in Kungsbacka municipality where we already have an equipment room and we hope to contribute to putting the municipality even more on the map with this new and unique facility in recycling. We are convinced that this is an important step forward for all companies and municipalities working to recycle more waste and material waste. We see that the need to be able to test drive materials is constantly increasing and with this investment we will be better able to meet the increasing demand for new solutions in the field of recycling, says Daniel Carlberg.

The decision on land allocation will shortly be formally made by Kungsbacka municipality and Elinor Filipsson, Head of Enterprise, welcomes the initiative.

"Today we are particularly happy to welcome another company to the Duvehed industrial area. Norditek will be another example of a manufacturing company in Kungsbacka with a strong focus on development and a clear focus on sustainability," she says.

Costs for the entire project are estimated at approximately SEK 35 million and will be financed through the company's own cash flow and bank financing. Over time, the project will improve the profitability of the company through a more cost-effective organization, while the working capital requirement will be significantly reduced as machines and facilities in the Norditek staircase will have a much faster turnaround time. It also allows for broader and more efficient customer processing, which will further accelerate growth. The test center will also provide an even better basis for customers' investment calculations regarding Norditek's facilities.

The project is expected to be completed in Q3/Q4 2024.

For further information: 

Daniel Carlberg
President and CEO Norditek Group AB
Daniel.carlberg@norditek.se

Summary of the period Dec 2022 - Feb 2023

-
Net sales amounted to 27,650 TSEK (33,915), a decrease of 18.5 percent compared to the previous year. Q2 last year had an extra high turnover largely due to delivery disruptions in the quarter before (Q1 last year).

-
Profit before depreciation (EBITA) amounted to SEK 5,045 thousand (7,596), corresponding to an EBITA margin of 18.2 percent (22.4).

-
Operating profit (EBIT) for the period amounted to SEK 4,017 thousand (6,593), corresponding to an EBIT margin of 14.5 percent (19.4).

-
Earnings per share before dilution SEK 0.20 (0.39)

Summary of the period Sept 2022 - Feb 2023

- Net sales amounted to 59 143 TSEK (42 299), an increase of 39.8 percent compared to the previous year.

- Profit before depreciation (EBITA) amounted to SEK 14,209 thousand (7,286), corresponding to an EBITA margin of 24.0 percent (17.2).

- Operating profit (EBIT) for the period amounted to SEK 12,155 thousand (5,280), corresponding to an EBIT margin of 20.6 percent (12.5).

- Earnings per share before dilution SEK 0.68 (0.31)

Read the full report in the attached pdf.

This information is information that Norditek Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on April 11, 2023.

The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.

For further information, please contact

Daniel Carlberg, President and CEO, Norditek Group AB

daniel.carlberg@norditek.se

070-219 04 91 

The Annual General Meeting passed the following resolutions. For more detailed information on the content of the resolutions, please refer to the notice of the meeting and complete proposals for resolutions, which have previously been published and are available on the company's website, www.norditek.se.

Allocation of results 

The AGM resolved to adopt the presented income statement and balance sheet and the consolidated income statement and balance sheet. The meeting also decided to transfer the company's unrestricted equity to a new account.

Discharge from liability 

The meeting resolved to discharge the board members and the CEO from liability for the financial year 2021-09-01 to 2022-08-31. 

Election of the board of directors and auditor

The AGM decided that the Board should consist of 5 members with no deputies. The following persons were elected by the AGM to the Board:

- Göran Nordlund - re-election
- Daniel Carlberg - re-election
- Eric Johansson - re-election
- Martin Larsson - re-election
- Nina Modig - re-election

The meeting also resolved to elect Bright Norr AB as auditing company with Oskar Hettinger as auditor in charge.

Determination of fees for the board of directors and the auditor 

The meeting resolved that board fees of SEK 52,500 (one price base amount) shall be paid to the external board member for the period until the end of the next annual general meeting. Other board members who are also major shareholders in the Company shall not receive any board fees. Furthermore, it was resolved that fees to the auditor shall be paid according to approved invoice.

Authorization for new share issue

The meeting decided to authorize the Board of Directors to decide on a new issue of shares with or without deviation from the shareholders' preferential rights. The purpose of the authorization is to increase financial flexibility and the Board's scope of action.

The authorization may be used to issue a maximum of ten (10) percent of the total number of outstanding shares in the Company at the time of the issue decision.

The issue price shall be determined on market terms.

Establishment of warrant programs

The meeting decided to establish a warrant program for senior executives and key employees. The warrant program means that the company issues a maximum of 350,000 warrants to the wholly owned subsidiary Norditek Produktion AB, which entitles the holder to subscribe for a maximum of 350,000 shares in the company with the right and obligation for Norditek Produktion AB to handle the warrants in accordance with the warrant program.

About 82 percent of Norditek's shares and votes were represented at the meeting. Gothenburg, January 25, 2023
The Board of Directors

For further information: 

Daniel Carlberg
President and CEO Norditek Group AB
Daniel.carlberg@norditek.se

Summary of the period Sept 2022 - Nov 2022

-
Net sales amounted to 31,493 TSEK (8,384), an increase of 275.6 percent against the previous year.

-
Profit before depreciation (EBITA) amounted to SEK 9,164 thousand (-310), corresponding to an EBITA margin of 29.1 percent (-3.7).

-
Operating profit (EBIT) for the period amounted to SEK 8,138 thousand (-1,313), corresponding to an EBIT margin of 25.8 percent (-15.7).

-
Earnings per share before dilution SEK 0.47 (-0.15)

Events in the period Sept 2022 - Nov 2022

-
Continued high activity in the company's business model (Norditectrappan) and continued good order intake.

-
Strengthened organization in areas such as product development and production.

-
Due to the previous problems with the global supply chains, there have been delays in the delivery of plants during the period corresponding to approximately SEK 13 million that would normally have been delivered in the previous financial year.

Read the full report in the attached pdf.

This information is information that Norditek Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on January 25, 2023.

The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.

For further information, please contact

Daniel Carlberg, President and CEO, Norditek Group AB

daniel.carlberg@norditek.se

070-219 04 91 

Eligibility and registration

Shareholders who wish to participate in the general meeting shall:

be entered in the share register maintained by Euroclear Sweden AB on Tuesday, January 17, 2023 (for nominee-registered shares, see also "Nominee-registered shares" below),

notify the Company no later than Thursday, January 19, 2023 at the address Norditek Group AB, Stora Åvägen 21, 436 34 Askim or by e-mail: info@Norditek.se. The notification should state the shareholder's name, personal or organization number, address and telephone number, shareholding and any assistants.

Information provided at registration will be processed and used only for the purpose of the meeting. See below for further information on the processing of personal data.

Fiduciary registered shares

In order to be entitled to participate in the meeting, a shareholder who has had his/her shares registered in the name of a nominee must, in addition to registering for the meeting, register the shares in his/her own name so that the shareholder will be included in the presentation of the share register as of Tuesday 17 January 2023. Such registration may be temporary (so-called voting right registration) and is requested from the nominee in accordance with the nominee's routines in such time in advance as the nominee determines. Voting rights registration made by the nominee no later than January 19, 2023 will be taken into account in the preparation of the share register.

Ombudsman

Shareholders to be represented by proxy must issue a written, signed and dated power of attorney. The power of attorney may not be older than one year, unless a longer period of validity is specified in the power of attorney, in which case it may not exceed 5 years. If the power of attorney is issued by a legal entity, a certified copy of the valid registration certificate for the legal entity (or equivalent document for a foreign legal entity) must be attached to the power of attorney. The documents must not be older than one year.

To facilitate registration, the original power of attorney, certificate of registration and other authorization documents should be received by the Company at the above address well in advance of the meeting.

DRAFT AGENDA

1. Election of the chairman of the meeting
2. election of one or more persons to verify the minutes.
3. drawing up and approval of the voting list
4. approval of the proposed agenda
5. examination of whether the meeting has been duly convened
6. presentation of the annual report and the auditor's report
7. resolution on:

a. adoption of the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet
b. allocation of the company's profit or loss according to the adopted balance sheet
c. discharge from liability for the members of the Board of Directors and the Managing Director.

8. determination of the number of members of the board of directors and auditors
9. determination of the fees for the board of directors and auditors
10. Election of the board of directors, deputy board members and auditor
11. resolution to authorize the board of directors to decide on a new issue of shares with or without deviation from the shareholders' preferential rights
12. resolution to establish a warrant program for senior executives and key employees
13. conclusion of the meeting

PROPOSED DECISION

Item 1 - Election of the Chairman of the meeting

The Board of Directors proposes that Göran Nordlund, Chairman of the Board, be elected Chairman of the Meeting.

Item 7 b - Resolution on allocation of the company's profit or loss according to the adopted balance sheet

The Board of Directors proposes that the Annual General Meeting resolves that the funds at the disposal of the Annual General Meeting be carried forward and that no dividend be paid to the shareholders.

Item 8 - Determining the number of directors and auditors

The Board of Directors proposes that the Board of Directors shall consist of five (5) members with no deputies.
The Board of Directors further proposes that an authorized accounting firm shall be appointed as auditor, without deputy auditors.

Item 9 - Determination of fees for the Board of Directors and the auditor

The board of directors proposes that the annual general meeting resolves that board fees of SEK 52,500 (one price base amount 2023) shall be paid to the external board member Nina Modig for the period until the end of the next annual general meeting. Other board members who are also major shareholders in the Company shall not receive any board fees. Furthermore, the board of directors proposes that fees to the auditor shall be paid according to approved invoice.

Item 10 - Election of the board of directors, deputy directors and auditor

The board of directors proposes that the annual general meeting decides to re-elect the board members Göran Nordlund, Daniel Carlberg, Eric Johansson, Martin Larsson and Nina Modig and to decide on the re-election of the registered accounting firm Bright Norr AB. Bright Norr AB has announced that if the annual general meeting approves the proposal, the authorized auditor Oskar Hettinger will be the auditor in charge. All for the period until the end of the next Annual General Meeting.

Item 11 - Resolution on authorization for the Board of Directors to resolve on new issues of shares with or without deviation from the shareholders' preferential rights

The Board of Directors proposes that the Annual General Meeting resolves to authorize the Board of Directors, for the period until the end of the next Annual General Meeting, on one or more occasions and with or without deviation from the shareholders' preferential rights, to decide on a new issue of shares. The purpose of the authorization is to increase financial flexibility and the Board's scope of action.

The authorization may be used to issue a maximum of ten (10) percent of the total number of outstanding shares in the Company at the time of the issue decision.

The issue price shall be determined on market terms.

The reason for the deviation from shareholders' preferential rights is that newly issued shares or the amount raised in a new share issue can be used as payment for the acquisition of businesses, companies or shares in companies.

The issue may be made in cash and/or against payment in kind and/or through set-off.

The board of directors, or the person appointed by the board of directors, shall otherwise be entitled to make such amendments to the above resolution as may be necessary in connection with its registration and to take such other measures as are necessary to implement the resolution.

Item 12 - Resolution to establish a warrant program for senior executives and key employees.

The Board of Directors proposes that the meeting resolves to introduce an incentive program. The warrant program means that the company issues a maximum of 350,000 warrants to the wholly-owned subsidiary Norditek Produktion AB, which entitles the holder to subscribe for a maximum of 350,000 shares in the company with the right and obligation for Norditek Produktion AB to handle the warrants in accordance with the warrant program.

Subscription of shares under the option program shall take place during the period from 1 February 2026 up to and including 28 February 2026. Upon subscription of shares, the share capital will increase by a maximum of SEK 35,000.

The subscription price for shares subscribed for by virtue of the warrants, as described above, shall be 150% of the average volume-weighted share price on January 1, 2023 and January 30, 2023.

Norditek will publish the subscription price before the first day of the exercise period.

Norditek Produktion AB shall offer senior executives and certain key personnel to acquire the warrants at market price no later than February 28, 2023, which will be determined by valuing the warrants in accordance with the Black & Scholes valuation model.

The subscription price shall be paid in cash no later than March 30, 2023.

As reasons for deviating from the shareholders' preferential rights, the Board of Directors invokes the following:

Option programs contribute to higher motivation and commitment among employees and strengthen the ties between the employees and the company. A long-term commitment of the participants is expected to increase the interest in the business and the development of the company's results. Furthermore, it is the Board's assessment that

The Option Program will contribute to the possibilities to recruit and retain knowledgeable and experienced employees and is expected to increase the employees' interest in the business and the development of the company's results. Overall, it is the Board's assessment that the Option Program will benefit both the employees and the company's shareholders through an increased share value.

The board of directors further proposes that the meeting authorizes the board of directors, or the person appointed by the board of directors, to make minor changes to the above resolution that may be required for registration with the Swedish Companies Registration Office.

OTHER INFORMATION

Majority requirements

A valid resolution to authorize the Board of Directors to issue new shares (item 11) above requires approval by at least two thirds (2/3) of both the votes cast and the shares represented at the Annual General Meeting.

A valid resolution to authorize the board of directors to resolve on a warrant program (item 12) above requires approval by at least nine tenths (9/10) of both the votes cast and the shares represented at the annual general meeting.

Number of shares and votes

At the time of the issuance of this notice, the total number of shares and votes in the Company amounts to 12,637,727.

Meeting documents

The annual report, auditor's report and other documents are available on the Company's website, www.norditek.se, at the Company's address Stora Åvägen 21, 436 34 Askim and will be sent free of charge to shareholders who request it and provide their postal or e-mail address.

Information at the meeting

The board of directors and the managing director shall, if any shareholder so requests and the board of directors considers that it can be done without material harm to the Company, provide information at the general meeting on circumstances that may affect the assessment of an item on the agenda and circumstances that may affect the assessment of the Company's or its subsidiaries' financial situation and on the Company's relationship with other companies within the group.

Personal data

For information on how your personal data is processed, please refer to the privacy policy available on Euroclear's website, www.euroclear.com/dam/ESw/Legal/Integritetspolicy-bolagsstammor- english.pdf.

Certified advisor

Partner Fondkommission AB (phone 031-761 22 30 / www.partnerfk.com) is the company's Certified Adviser on Nasdaq First North Growth Market.

For further information:

Daniel Carlberg

Phone: +46702190491

Mail: daniel.carlberg@norditek.se

_____________________________

Askim in Dec 2022

Norditek Group AB

Board of Directors

In the press release Publication of annual report 2021/2022 released 2022-12-20 at 08:30, the reference to MAR was incorrect. The correct press release follows below:

Norditek Group AB (publ) hereby announces that the annual report with accompanying audit report is available on the company's website (https://norditek.se/finansiell-information/).

The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.

Contact person for the annual report:
Bernice Wellsted, CFO
bernice.wellsted@norditek.se
076-317 28 84

For further information, please contact:
Daniel Carlberg, President and CEO
daniel.carlberg@norditek.se
070-219 04 91

Norditek Group AB (publ) hereby announces that the annual report with accompanying audit report is available on the company's website https://norditek.se/finansiell-information/ (http://www.norditek.se/).

This information is information that Norditek Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on October 25, 2022.

The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.

Contact person for the annual report:
Bernice Wellsted, CFO
bernice.wellsted@norditek.se
076-317 28 84

For further information, please contact:
Daniel Carlberg, President and CEO
daniel.carlberg@norditek.se
070-219 04 91

"2021/22 has been a good year for Norditek. Despite temporary, global delivery problems during Q3 and Q4, we have increased sales to SEK 72 million (increase of about 2.9 percent pro forma) compared to the previous year. The global delivery problems have led to a reduced invoicing for the financial year of approximately SEK 20 million. However, the delays have not, as far as can be assessed, affected future order intake. We exceed our financial target for profitability by a wide margin. Our Profitability amounts to 18.5 percent compared to the financial target of 17 percent (EBITA margin). We enter the next financial year with the highest order backlog in the Company's history. The order backlog is more than 3 times as large as it was last year at the same time. This points to a return to strong growth next year as we expect the problems in global supply chains to ease. We look forward to another exciting financial year with a return to significant profitable growth. We will continue to work with our customers to improve circularity in society." says Daniel Carlberg, President and CEO, Norditek Group AB, Gothenburg, October 25, 2022

Read the full report in the attached pdf.

This information is information that Norditek Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on October 25, 2022.

The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.

For further information, please contact

Daniel Carlberg, President and CEO, Norditek Group AB

daniel.carlberg@norditek.se

070-219 04 91

Long-term incentive scheme

The Extraordinary General Meeting resolved, in accordance with the Board of Directors' proposal, to establish a warrant program 2022 through a directed issue of a maximum of 300,000 warrants of series 2022/2025 to the wholly owned subsidiary Norditek Produktion AB. The extraordinary general meeting further resolved to approve that Norditek Produktion AB may transfer a maximum of 300,000 warrants. 90,000 warrants to a newly employed aftermarket manager and that other warrants may be offered in connection with internal and external recruitment of key personnel. Each warrant shall entitle the holder to subscribe for one new share in Norditek at a subscription price of SEK 14.50 per share during the period from August 1, 2025 up to and including August 31, 2025. The warrants are subject to customary warrant terms and conditions.

The information was submitted for publication, through the agency of the contact person set out below, at 18.30 CEST on August 1, 2022.

For further information about Norditek Group AB (publ), please contact:

Daniel Carlberg, CEO Norditek Group AB (publ)

Telephone: (+46) 702 19 04 91

E-mail: daniel.carlberg@norditek.se

About Norditek Group

Norditek develops technical solutions in recycling. With machines developed in-house and as a reseller of European quality machines, we offer the market modular concepts for more flexible recycling and a higher degree of processing of different materials. What drives the company forward is a strong desire to jointly solve customers' and ultimately society's challenges with material recycling.

The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.

Summary of the period March 2022 - May 2022

- Net sales amounted to SEK 12,678 thousand, a pro forma decrease of -54.6 percent compared to the previous year.
- Profit before depreciation (EBITA) amounted to SEK 3,222 thousand, corresponding to an EBITA margin of 25.4 percent.
- Operating profit (EBIT) for the period amounted to SEK 2,216 thousand, corresponding to an EBIT margin of 17.5 percent.
- Earnings per share before dilution SEK 0.10

"Q3 was a quarter with continued high activity in terms of rentals, orders and development of the business. Several new modules that increase the recycling rate of customers' materials have been developed and launched during the quarter. Unfortunately, the global delivery problems continue to cause delays in deliveries, which in turn has affected invoicing. These delays can be estimated to reduce invoicing by approximately SEK 20 million. However, the delays have not, as far as can be assessed, affected the order intake. Order intake remains good." says Daniel Carlberg, President and CEO, Norditek Group AB, Gothenburg, July 29, 2022.

Read the full report in the attached pdf.

This information is information that Norditek Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on April 12, 2022.

The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.

For further information, please contact

Daniel Carlberg, President and CEO, Norditek Group AB

daniel.carlberg@norditek.se

070-219 04 91 

INFORMATION ON ADVANCE VOTING

The extraordinary general meeting will be conducted through mandatory advance voting (postal voting) pursuant to the Act (2022:121) on temporary exceptions to facilitate the execution of general meetings in companies and other associations. It will therefore not be possible to attend the extraordinary general meeting in person or by proxy. Information on the resolutions passed at the Extraordinary General Meeting will be published on the same day as the Extraordinary General Meeting as soon as the outcome of the voting is finally compiled.

NOTIFICATION OF ADVANCE VOTING, ETC. 

Notification

In order for a shareholder to be entitled to participate in the extraordinary general meeting by voting in advance, the shareholder: 

- be recorded as a shareholder in the share register prepared by Euroclear Sweden AB as of Friday, July 22, 2022 (for nominee registered shares, see also "Nominee registered shares" below), and

- register by casting an advance vote in accordance with the instructions below so that the advance vote is received by Norditek no later than Friday, July 29, 2022.

Information provided in the notification will be processed and used only for the purpose of the EGM. See below for further information on the processing of personal data.

Fiduciary registered shares

In order to be entitled to participate in the meeting, a shareholder whose shares are registered in the name of a nominee must, in addition to registering for the meeting, register the shares in his or her own name so that the shareholder is included in the presentation of the share register as of Friday, July 22, 2022. Such registration may be temporary (so-called voting right registration) and is requested from the nominee in accordance with the nominee's routines in such time in advance as the nominee determines. Voting rights registration made by the nominee no later than Tuesday, July 26, 2022 will be taken into account in the preparation of the share register.  

Advance voting

The shareholders may exercise their voting rights at the general meeting only by voting in advance, so-called postal voting in accordance with section 22 of the Act (2022:121) on temporary exceptions to facilitate the execution of general meetings in companies and other associations.

A special form must be used for advance voting. The form is available at www.norditek.se/kallelse-till-extra-bolagsstamma-220706. The advance voting form is valid as registration for the Extraordinary General Meeting. Proxy forms for shareholders who wish to vote in advance by proxy will also be available on the Company's website.

The completed form must be received by Norditek no later than Friday 29 July 2022. The completed form shall be sent to the address: Norditek Group AB, Stora Åvägen 21, 436 34 Askim. The completed form may also be submitted electronically and shall then be sent to info@norditek.se. If the shareholder is a legal entity, a registration certificate or other authorization document must be attached to the form. The same applies if the shareholder votes in advance by proxy. The shareholder may not provide the advance vote with special instructions or conditions. If so, the vote (i.e. the advance vote in its entirety) is invalid. 

Further instructions and conditions are set out in the advance voting form.

Proxy forms for shareholders who wish to vote in advance by proxy will be available on the company's website, www.norditek.se. 

Draft agenda:

1. Election of the chairman of the meeting

2. Election of one or two adjusters

3. Preparation and approval of the voting list

4. Approval of the agenda

5. examination of whether the meeting has been duly convened

6. resolution on a) adoption of a long-term incentive program for senior executives and key employees in the group and b) resolution on a directed issue of warrants to a wholly-owned subsidiary and approval of transfer of warrants to senior executives and key employees in the group.

Proposal for a decision  

Item 1 - Election of the Chairman of the meeting

The board of directors proposes that Göran Nordlund, or, if he is unable to attend, the person appointed by the board of directors instead, shall be elected chairman of the extraordinary general meeting.

Item 2 - Election of one or two verifiers

The board of directors proposes that Carl Schneider, or in case of impediment, the person(s) designated by the board of directors instead, is appointed to verify the minutes of the meeting together with the chairman. The verifying person's task also includes checking the voting list and that received advance votes are correctly reflected in the minutes.

Item 3 - Establishment and approval of the voting list

The voting list proposed to be approved by the General Meeting is the voting list prepared by the Company, based on the share register of the General Meeting and the advance votes received, and verified and approved by the person approving the minutes. 

Item 6 - Resolution on A) adoption of a long-term incentive program for senior executives and key employees in the group and B) resolution on a directed issue of warrants to a wholly-owned subsidiary and approval of transfer of warrants to senior executives and key employees in the group.

A. Implementation of Option Program 2022

The board of directors of the Company proposes that the extraordinary general meeting resolves to establish a long-term incentive program (Option Program 2022) aimed at senior executives and key employees in the group in accordance with the main terms and guidelines set out below.

Background and reasons

The Company's board of directors is of the opinion that the incentive program contributes to higher motivation and commitment among the employees and strengthens the ties between the employees and the Company. Furthermore, it is the board of directors' assessment that Option Program 2022 will contribute to the possibilities to retain and recruit knowledgeable and experienced employees and is expected to increase the existing and future employees' interest in the business and the earnings development of the Company. Overall, it is the board of directors' assessment that Option Program 2022 will benefit both the employees and the Company's shareholders through an increased share value.

Option program 2022

The board of directors proposes that the extraordinary general meeting resolves on a directed issue of a maximum of 300,000 warrants ("Warrants") to the wholly-owned subsidiary Norditek Produktion AB (the "Subsidiary") and approves the subsequent transfer of a maximum of 300,000 Warrants to existing and future senior executives and key personnel in the group. 

Each Warrant entitles the holder to subscribe for one (1) new share in Norditek Group AB (publ) at a subscription price of SEK 14.50 during the period from August 1, 2025 up to and including August 31, 2025. The subscription price shall be paid in cash or by set-off. 

The exercise price and the number of shares that each Warrant entitles to subscription for shall be recalculated in the event of a split, consolidation, new issue of shares, etc. in accordance with market practice.

Participants in Option Program 2022 shall, after an offer from the Company no later than 31 August 2022, notify the Company of the number of Warrants that the participant wishes to acquire. The Warrants shall be transferred to the participants at the market value of the Warrants in accordance with the Black & Scholes valuation model. 

In connection with the grant of the Warrants, the Board of Directors shall have the right to make adjustments to accommodate organizational changes and reserve the right to repurchase Warrants if the participant in turn wishes to retransfer the Warrants.

At the request of a participant, the Company shall have the right, but not the obligation, to acquire at market price such number of Warrants as will enable the participant to exercise the remaining Warrants to subscribe for shares, whereby the subscription proceeds will be paid by way of set-off against the claim on the divested Warrants. 

Holders of Warrants whose employment ceases or who wish to sell their Warrants shall offer the Company to acquire the Warrants at the lower of the premium paid for the Warrants at the time of acquisition and the market value.

Allocation of Warrants

Option program 2022 shall include senior executives and key personnel in the group as set out below. 

The company has just hired an aftermarket manager who will be offered to acquire 90,000 Warrants. As the Company is in an expansion phase in a competitive labor market, the remaining Warrants may be offered in connection with internal and external recruitment of key personnel.

Market value

The market value of the warrants will be calculated using the Black & Scholes valuation model.

Costs of the incentive scheme

The Warrants transferred to the participants are transferred at a price corresponding to the market value of the Warrants, which means that no salary costs or social security contributions shall arise for the Norditek group. 

Costs for financial and legal advice will be added in connection with Option Program 2022 with approximately SEK 40,000.

Since the Company's costs for Option Program 2022 will be relatively limited, the Board of Directors has decided not to propose that the Extraordinary General Meeting resolves on measures to cover these costs.

Dilution
Based on the existing number of shares in the Company, Option Program 2022 means, upon exercise of all 300,000 Warrants, that the share capital can increase by a maximum of SEK 30,000 and a maximum dilution corresponding to approximately 2.3 percent of the outstanding capital and number of votes in the Company at the time of the issuance of the notice. 

Preparation of the proposal

Option Program 2022 has been prepared by the Board of Directors in consultation with external advisors. The Board of Directors, or a committee specifically established by the Board of Directors, shall be responsible for the detailed design and management of the terms and conditions of Option Program 2022, within the framework of the said terms and guidelines including provisions on recalculation in the event of an intermediate bonus issue, split, rights issue and/or other similar events. The Board of Directors shall also be entitled to make adjustments to meet specific market conditions. The Board of Directors shall also be entitled to make other adjustments if there are significant changes in the group or its business environment that would mean that the decided terms and conditions for Option Program 2022 no longer meet its purposes.

Other ongoing share-based incentive programs

At the general meeting on 30 August 2021, an incentive program aimed at employees was adopted. The program comprises 300,000 warrants and each warrant entitles the holder to subscribe for one share at a subscription price of SEK 14.50. The warrants can be exercised during the period 1 November 2024 to 30 November 2024. The warrants can be exercised during the period from 1 November 2024 up to and including 30 November 2024. The warrants were transferred at market value in accordance with the Black & Scholes valuation model at SEK 0.56 per Warrant. Upon full exercise of the warrants, a dilution of 2.3 percent will occur.

The general meeting on 30 August 2021 adopted an incentive program aimed at an individual board member. The program comprises 50,000 warrants and each warrant entitles the holder to subscribe for one share at a subscription price of SEK 16. The warrants can be exercised during the period from November 1, 2025 up to and including November 31, 2025. The warrants were transferred at market value in accordance with the Black & Scholes valuation model at SEK 0.581 per warrant. Full exercise of the warrants will result in a dilution of 0.39 percent.

B. Directed issue of Warrants, Series 2022/2025, to a wholly owned subsidiary and approval of transfer of these to employees under Option Program 2022

The board of directors proposes that the extraordinary general meeting resolves to issue a maximum of 300,000 Warrants, as a result of which the Company's share capital may increase by a maximum of SEK 30,000 (assuming the current quota value). The following conditions shall apply.

1. The right to subscribe for Warrants shall, with deviation from the shareholders' preferential rights, be granted to the subsidiary Norditek Produktion AB, with the right and obligation for the Subsidiary to handle the Warrants in accordance with the terms and conditions of the Option Program 2022. The Subsidiary shall, according to instructions from the Company's board of directors, be entitled to transfer the Warrants to appropriate participants in the Option Program 2022. 

2. Each Warrant entitles the holder to subscribe for one (1) new share in Norditek Group AB (publ) at a subscription price of SEK 14.50 during the period from August 1, 2025 up to and including August 31, 2025. However, the subscription price may never be less than the quota value of the share. In the event that the subscription price exceeds the quota value of the shares, the excess amount (the premium) shall be included in the unrestricted premium fund in the Company's balance sheet. The subscription price shall be paid in cash or by set-off. The Board of Directors is entitled to extend the time for subscription and payment.

3. The newly subscribed shares carry the right to dividends for the first time on the record date for dividends that occurs immediately after the new shares have been registered with the Swedish Companies Registration Office and the shares have been entered in the share register at Euroclear Sweden AB.

4. The Warrants shall be issued at a subscription price corresponding to the market value of the Warrants in accordance with the Black & Scholes valuation model. Subscription of Warrants shall take place on a subscription list no later than August 31, 2022. However, the Board of Directors shall be entitled to extend the subscription period.

The complete terms and conditions for the Warrants shall otherwise apply to the Warrants. The subscription price for subscription of a new share by virtue of a Warrant as well as the number of shares that each Warrant entitles the holder to subscribe for may be subject to adjustment in accordance with the terms and conditions of the Warrants.

Warrants held by the Subsidiary and not transferred as described above or repurchased from participants may be canceled by the Company following a decision by the board of directors of the Company with the consent of the board of directors of the Subsidiary. Cancellation shall be notified to the Swedish Companies Registration Office for registration.

Over-subscription is not possible.

The reason for the deviation from the shareholders' preferential rights is to implement the incentive program for the recruitment of senior executives and key employees.

The board of directors also proposes that the extraordinary general meeting resolves to approve that the Subsidiary, within the framework of Option Program 2022, according to instructions from the Company's board of directors, may transfer Warrants to participants in Option Program 2022 and handle Warrants in accordance with Option Program 2022. Transfer of Warrants shall be made in accordance with the terms and conditions above. 

Majority requirements and specific authorizations 

The Board of Directors' proposals for resolutions according to A-B are conditional on each other and are therefore adopted in one context. The resolution is subject to Chapter 16 of the Swedish Companies Act and requires the support of shareholders representing at least nine tenths (9/10) of both the votes cast and the shares represented at the Extraordinary General Meeting.

The Board of Directors proposes that the Extraordinary General Meeting instructs the Board of Directors to execute the resolution above and to ensure that the Warrants are transferred in accordance with what is stated above. 

The board of directors further proposes that the extraordinary general meeting instructs the board of directors or the person appointed by the board of directors to make the minor adjustments to the above-mentioned proposal for resolution that may prove necessary in connection with registration with the Swedish Companies Registration Office.

OTHER INFORMATION

Number of shares and votes

At the time of issuance of this notice, the total number of shares and votes in the Company amounts to 12,637,727. The Company does not hold any own shares.

Provision of documents

Documents according to the Swedish Companies Act are available on the Company's website www.norditek.se. and office with the address Norditek Group AB, Stora Åvägen 21, 436 34 Askim and will be sent free of charge to shareholders who request it and state their postal or e-mail address.

Information for the Extraordinary General Meeting

The Board of Directors and the CEO shall, if any shareholder so requests and the Board of Directors considers that it can be done without significant harm to the Company, provide information on circumstances that may affect the assessment of an item on the agenda. Requests for such information shall be sent by mail according to the address above or by e-mail to info@norditek.se no later than Friday, July 22, 2022. The information is provided by making it available at the Company's head office and at www.norditek.se, no later than Wednesday, July 27, 2022. The information is also sent within the same time to the shareholder who has so requested and who has stated his or her address.

Personal data

For information on how your personal data is processed, please refer to the privacy policy available on Euroclear Sweden AB's website,
www.euroclear.com/dam/ESw/Legal/Integritetspolicy-bolagsstammor-svenska.pdf.

__________________

Gothenburg in July 2022

Norditek Group AB (publ)

Board of Directors

Summary of the period December 2021 - February 2022

-
Net sales amounted to SEK 33,915 thousand, a pro forma increase of 136.2 percent compared to the previous year (see Proforma below).

-
Profit before depreciation (EBITA) amounted to SEK 7,596 thousand, which corresponds to an EBITA margin of 22.4%.

-
Operating profit (EBIT) for the period amounted to SEK 6,593 thousand, corresponding to an EBIT margin of 19.4 percent.

-
Earnings per share before dilution SEK 0.39

"Q2 was a quarter with continued high activity in sales, deliveries and in the development of the business. Several new modules that increase the recycling rate of customers' materials were developed and launched during the quarter. In Q2, both Covid and the Ukraine crisis have had a significant impact on the outside world, which of course also affected Our 's operations, while the need for alternative energy supply and increased raw material prices create an opportunity for Our 's operations to be able to contribute further to the circular transition." says Daniel Carlberg, President and CEO, Norditek Group AB, Gothenburg, April 12, 2022

Read the full report in the attached pdf.

Daniel Carlberg, President and CEO, Norditek Group AB

daniel.carlberg@norditek.se

070-219 04 91 (http://tel:070-219 04 91)

Summary of the period

- Net sales amounted to SEK 8,384 thousand, a pro forma decrease of 22.0 percent compared to the previous year.
- Operating profit (EBIT) for the period amounted to SEK -1,313 thousand, corresponding to an EBIT margin of -15.7 percent.
- Profit before depreciation (EBITA) amounted to SEK -310 thousand, corresponding to an EBITA margin of -3.7 percent.
- Earnings per share before dilution -0.15 SEK

"In connection with the Our IPO and in the media in general, we are currently seeing a major impact on issues related to the circular transition of material handling. We hear about the cement crisis, energy crisis, high metal prices, plastic recycling, recycling of excavated material and other issues related to the technology and machines that Norditek offers the market. This is a very positive development for the industry, society and Norditek. With this wind at our back, together with a high level of activity in the business right now, we continue to work towards a circular future." says Daniel Carlberg, President and CEO, Norditek Group AB, Gothenburg, January 31, 2022

Read the full report in the attached pdf.

Norditek Group AB (publ) ("Norditek" or the "Company"), an environmental technology company with a focus on mobile and flexible recycling facilities within the segments Waste, Gravel & Rock and Biomass, today announces the outcome of the offer to subscribe for shares in connection with the Company's listing on Nasdaq First North Growth Market (the "Offer"). The interest in the Offer has been very high and the Offer was subscribed to more than 450 percent. In total, subscriptions were received from more than 4300 investors.

Summary of the offer

- The price per share in the Offer was, as previously communicated, SEK 11 per share.
- The Offering comprised a maximum of 2365,000 shares, corresponding to a value of SEK 26 million.
- Prior to the Offering, a consortium consisting of both existing and new investors has, at the same price and conditions as for other investors, committed to subscribe for shares in the Offering at a value of approximately SEK 17 million. The commitments correspond to approximately 65 percent of the number of shares in the Offering.
- The main shareholders have entered into lock-up commitments of up to 36 months from the first day of trading on Nasdaq First North Growth Market.
- The first day of trading on Nasdaq First North Growth Market is expected to be November 10, 2021, under the ticker "NOTEK".

Number of shares and share capital

In total, the number of shares in Norditek will increase by 2,365,000. The total number of shares in the Company after the issue has been registered with the Swedish Companies Registration Office amounts to 12,637727 shares. All shares are of the same type and thus carry the same rights. After the completed and fully subscribed issue of 2 365 000 shares, the share capital will amount to SEK 1 264 227. In total, the Company will receive almost 1,500 new shareholders through the Offer.

Daniel Carlberg, CEO of Norditek Group, comments:

"It is with great pleasure and enthusiasm that we now list the Our share on Nasdaq First North Growth Market. The great interest in subscribing for shares in the offering makes me extremely proud and is further proof that many believe in Our 's business model that contributes to a more circular society. I would like to welcome all new shareholders on the journey where we now together take the next step in the continued development of Norditek"

About Norditek Group

Norditek Group is an environmental technology company focusing on mobile and flexible recycling facilities in the Waste, Gravel & Rock and Biomass segments. The company both develops and sells facilities through a well-proven offer that enables cost savings for its customers while contributing to a more circular society. During its more than twenty-year history, the company has built up a proven profitable business model with self-financed growth. The flexible business model enables recurring revenue by the Company offering the customer an individually customized concept solution where the customer can choose to first rent a concept and then buy it and can then receive parts of the rent paid. Through a constant focus on technical solutions in recycling, Norditek drives the transition to a more sustainable future.

Advisers

Partner Fondkommission is financial advisor and issuing agent in connection with the Offer and Advokatfirman Vinge is legal advisor to the Company in connection with the Offer.

Contact us

Daniel Carlberg, CEO Norditek Group AB (publ)
E-postdaniel.carlberg@norditek.se
Phone (+46) 702 19 04 91

Norditek's Certified Adviser is Partner Fondkommission,info@partnerfk.se, 031-761 22 30 (https://www.google.com/search?q=partner+fondkommission&rlz=1C1OKWM_svSE938SE938&oq=partner+fond&aqs=chrome.0.0i355i512j46i175i199i512j69i57j0i512j0i22i30l3j69i60.1767j0j9&sourceid=chrome&ie=UTF-8).

This information is information that Norditek Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 2021-11-02 09:30 CET.