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    TECO   NO0010887516

TECO 2030 ASA

(TECO)
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Real-time Oslo Bors  -  10:25 2022-06-24 am EDT
4.270 NOK   -6.36%
06/17Certain Shares of TECO 2030 ASA are subject to a Lock-Up Agreement Ending on 17-JUN-2022.
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06/13TECO 2030 and Partners Launch Hydrogen-Powered Tanker Concept
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TECO 2030 releases its Annual Report 2021

04/29/2022 | 01:31am EDT
29.4.2022 07:30:00 CEST | TECO 2030 ASA | Annual financial and audit reports

(Lysaker, Norway, 29 April 2022) TECO 2030 ASA (OSE: TECO) releases Annual
Report 2021. The company is fully engaged in executing its growth strategy of
becoming a leading provider of maritime and heavy-duty fuel cells.

Through 2021 the company made great progress on its journey towards zero
emission maritime shipping. The full annual report is attached to this stock
exchange notice and available on the company homepage www.teco2030.no -
http://www.teco2030.no. The Company has previously disclosed Q4 2021 highlights
in the stock exchange notice on February 11th 2022.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no 
 * Tore Enger, Chief Executive Officer (CEO) of TECO 2030 ASA, +4792083800,
   tore.enger@teco2030.no 

ABOUT TECO 2030 ASA

About TECO 2030:

TECO2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1394/1885/Download%20announcement
%20as%20PDF.pdf

TECO2030_AnnualReport2021.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1394/1884/TECO2030_AnnualReport20
21.pdf

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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06/17Certain Shares of TECO 2030 ASA are subject to a Lock-Up Agreement Ending on 17-JUN-202..
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Financials
Sales 2022 59,0 M 5,98 M 5,98 M
Net income 2022 -51,0 M -5,17 M -5,17 M
Net Debt 2022 31,0 M 3,14 M 3,14 M
P/E ratio 2022 -15,3x
Yield 2022 -
Capitalization 606 M 61,4 M 61,4 M
EV / Sales 2022 10,8x
EV / Sales 2023 3,32x
Nbr of Employees 23
Free-Float 42,3%
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Number of Analysts 2
Last Close Price 4,27 NOK
Average target price 7,00 NOK
Spread / Average Target 63,9%
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Managers and Directors
Tore Enger Group Chief Executive Officer
Pål Christian Johnsen Chief Financial Officer
Sigurd Gaarder Lange Chairman
Arild Eiken Chief Technology & Project Officer
Tor-Erik Hoftun Executive Vice President-Operations