TEKNA HOLDING ASA Preliminary Q1 numbers:
- Total operating revenues are expected to be in the range of
CAD 8.6 to 8.8 million for Q1 2024, a decline of 7% to 9% from the same period last year. The decline is due to both lower systems and materials revenues in the quarter. - Systems revenue is by nature volatile and fluctuations are to be expected.
-
For Advanced Materials the slow start of the year is due to strong sales in fourth quarter last year. Furthermore, high interest rates have caused a slow down in investments in new 3D-printing machines, which in turn has resulted in reduced revenues in this customer segment. Meanwhile, sales in other segments were stable and
Tekna expects revenue growth for the year as a whole as per previous guiding. -
Adjusted EBITDA for Q1 2024 is expected to be in the range of
CAD -2.4 to -2.6 million, down fromCAD -1.2 million in the first quarter 2023. This is due to the decline in revenues, as well as one-off costs related to a joint venture inFrance (seeNewsWeb announcement on6 February 2024 ). The company continues with its strong focus on cash management and cash flow, and are aiming for margin improvement for the year as previously guided. -
Backlog for materials closed 17% higher YoY at
CAD 15.9 million (13.6). Backlog for systems reduced toCAD 7.0 million (12.8). -
Order intake for materials was up 26% YoY at
CAD 7.0 million (5.6). -
Order intake for systems in the quarter was
CAD 0.4 million (3.9). However, the pipeline for the remainder of the year is strong.
Numbers in parenthesis () refer to same period last year.
Further details will be published in the first quarter report on
Disclosure regulation
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Contacts
Arina Van Oost , Investor Relations | VPCorporate Strategic Development & Innovation ,Tekna Holding ASA , +14388856330, +33670115190, investors@tekna.com
About Tekna Holding ASA
Tekna produces high-purity metal powders for applications such as 3D printing in the aerospace, medical and automotive sectors, as well as optimized induction plasma systems for industrial research and production. With its unique, IP-protected plasma technology, the company is well positioned in the growing market for advanced nanomaterials within the electronics and batteries industries.
Building on 30 years of delivering excellence, Tekna is a global player recognized for its quality products and its commitment to its large base of multinational blue-chip customers. Tekna’s powder products increase productivity and enable more efficient use of materials, thereby paving the way towards a more resilient supply chain and circular economy.
https://www.tekna.com
Attachments
- Download announcement as PDF.pdf
© NTB Norway, source
