Svenska Aerogel Holding AB (publ) announced that a returning European customer has placed yet another order for 2.2 tons of Quartzene®, marking a repetition of its largest order. With this new order, it becomes clear that the customer has ordered 44% more of Svenska Aerogel's material in 2023 compared to 2022. The customer operates in Building & Construction, an industry that has faced a challenging year.

However, the order indicates an improvement for the customer, whose product is excellent for energy renovations in buildings. The new order for 2.2 tons, together with the customer's increased volume compared to the previous year, once again demonstrates the significant value that Quartzene® adds to the customer's product. The sustained demand for the material is especially promising considering the uncertainties in the construction industry over the past year.

Due to the current global situation, with both war and recession, construction investments have decreased in many areas. Svenska Aerogel has noticed the uncertainties in the industry as Building & Construction is one of the company's prioritized customer segments. However, the company now sees that the situation for its Building & Construction customers is beginning to improve.