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Norditek year-end report 2021/22

25 October 2022 Regulatory

"2021/22 has been a great year for Norditek. Despite temporary, global delivery problems in Q3 and Q4, we have increased our turnover to SEK 72 million (increase about 2.9 percent pro forma) compared to the previous year. The global delivery problems have resulted in 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 far. 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 the global supply chains to subside. 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

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