News from Norditek

Summary of the period June 2022 - August 2022

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Net sales amounted to 16,679 TSEK, an increase pro forma by 0.4 percent against the previous year (see Proforma below).

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Profit before depreciation (EBITA) amounted to SEK 2,771 thousand, which corresponds to an EBITA margin of 16.6%.

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

- Earnings per share before dilution SEK 0.16

Summary of the period September 2021 - August 2022

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Net sales amounted to SEK 71,656 thousand, an increase pro forma by 2.9 percent against the previous year (see Proforma below).

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Profit before depreciation (EBITA) amounted to SEK 13,279 thousand, which corresponds to an EBITA margin of 18.5%.

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Operating profit (EBIT) for the period amounted to SEK 9,254 thousand, corresponding to an EBIT margin of 12.9 percent.

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Earnings per share before dilution SEK 0.56

An extraordinary general meeting was held today in Norditek Group AB (publ) ("Norditek" or the "Company"). The EGM was conducted by advance voting (so-called postal voting) in accordance with temporary legislation. The EGM adopted the following resolutions.

In the period March 2022 - May 2022, we have seen a continued high level of activity in terms of leasing, orders and development of the business.

The shareholders of Norditek Group AB, 559307-6986, (the "Company" or "Norditek"), with its registered office in Gothenburg, are hereby invited to an extraordinary general meeting on Monday, August 1, 2022.

Norditek Group AB (the "Company") announces a correction regarding the press release "Norditek interim report for December 2021 - February 2022" that was published today on April 12, 2022. The correction refers to the fact that the press release lacked a MAR label with reference to the EU Market Abuse Regulation (MAR), and that Partner Fondkommission is the Company's Certified Adviser.

In the period December 2021 - February 2022, we have seen continued high activity in sales, deliveries and in the development of the business.

The quarterly report for Q1 published yesterday, January 31, 2022, contained incorrect information for the comparison period's EBITA and EBITA margin. This applies to EBITA and EBITA margin in the table on page 1 and 11 for the comparison period. The correct figures are EBITA 4,699 and EBITA margin 18.0%.

In the period September - November 2021, we have seen a heavily oversubscribed issue and a high level of activity on Our market.

Norditek Group AB (publ) will publish the interim report for quarter 1 2021/22 on January 31, 2022 instead of February 1, 2022, and the interim report for quarter 3 on July 29, 2022 instead of August 23, 2022.

Norditek Group AB (publ) will publish the interim report for quarter 1 2021/22 on January 31, 2022 instead of February 1, 2022, and the interim report for quarter 3 on July 29, 2022 instead of August 23, 2022.

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SOUTH KOREA, SINGAPORE, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD NOT BE IN COMPLIANCE WITH APPLICABLE REGULATIONS. PLEASE SEE IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SOUTH KOREA, SINGAPORE, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD NOT BE IN COMPLIANCE WITH APPLICABLE REGULATIONS.

Today, October 18, 2021, the subscription period begins in Norditek Group AB (publ)'s ("Norditek") listing issue. The subscription period runs until October 29, 2021. The offering amounts to SEK 26 million and is carried out in the form of a new issue of shares.

Norditek Group AB (publ) ("Norditek" or the "Company") is an environmental technology company that develops, sells and delivers mobile and flexible recycling facilities. The Company has a solid experience and a well-proven offer that enables a higher degree of material recycling and thereby increased profits for its customers while both the Company and its customers contribute to a more circular society. The company is now conducting a listing issue of SEK 26 million and intends to be listed on Nasdaq First North Growth Market after this transaction.