Nordic Semiconductor ASA: Third quarter results 2024

24 Oct 2024 07:00 CEST

(Oslo, Norway – October 24, 2024) Nordic Semiconductor ASA reported revenue of
USD 159 million for the third quarter 2024, an increase of 18% compared to the
third quarter last year and 24% higher than the previous quarter. Gross margin
was 50% in the third quarter, and reported EBITDA showed a profit of USD 16
million.

The year-on-year revenue increase primarily reflects stronger demand in the
Consumer segment, with the sequential improvement also reflecting that the third
quarter typically is the seasonally strongest quarter of the year.

For the fourth quarter, the company expects revenue of USD 130-150 million, and
a gross margin of around 50%.

We returned to year-on-year growth in the third quarter and expect that to
continue in the fourth quarter. In the final quarter of the year, we are also
excited to be launching the first products in our new nRF54 Series at the
Electronica fair in Germany in November, says CEO Vegard Wollan in Nordic
Semiconductor.

Practical information:

CEO Vegard Wollan and CFO Pål Elstad will host a webcast presenting the third
quarter 2024 results today at 08:00 CEST. The presentation will be held in
English and can be followed live via webcast on the IR pages at
www.nordicsemi.com, with a recorded version being made available after
conclusion of the presentation.

The virtual audience will be given the opportunity to ask questions through a
Q&A dial-in function.

Please see below

Conference code : 286203
NO: +47 2195 6342
UK: +44 203 769 6819
US: +1 646 787 0157
DK: +45 7876 8490
SE: +46 8 1241 0952
DE: +49 30 2178 9327
FR: +33 1 8122 1259

For further information, please contact:

Pål Elstad, CFO / EVP Finance - Nordic Semiconductor ASA
Phone: +47 991 66 293

Ståle Ytterdal, SVP IR - Nordic Semiconductor ASA
Phone: +47 930 37 430

About Nordic Semiconductor:

Nordic Semiconductor has been a pioneer in ultra-low power wireless solutions,
from proprietary technologies for PC accessories to today’s Bluetooth low energy
and multiprotocol products and long-range cellular IoT solutions. Nordic
Semiconductor is the clear market leader in the ultra-low power wireless
segment, serving a growing market in consumer electronics, wearables, building
and retail, healthcare and an increasing number of other verticals and
applications. Nordic Semiconductor (NOD) is a public company listed on the Oslo
stock exchange in Norway.

For more information, go to www.nordicsemi.com

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Kine-Elena Reigstad, VP
International Finance, Nordic Semiconductor ASA, on October 24, 2024, at 07:00
CEST.

More information:
Access the news on Oslo Bors NewsWeb site

630249_NOD Q3 2024 presentation.pdf
630249_NOD Q3 2024 report.pdf