05 May 2022 07:00 CEST

Company Name





Euronext Growth



5.5.2022 07:00:00 CEST | Tekna Holding ASA | Half yearly financial reports and
audit reports / limited reviews

(Arendal, NORWAY / Sherbrooke QC, CANADA) Tekna Holding ASA (Tekna, OSE:TEKNA),
the world-leading provider of advanced materials to industry, increased order
intake for materials by 69% to CAD 6.1 million when compared to the first
quarter of 2021. The materials order backlog increased by 54% in the same period
as customers are securing their supply chain for long-term commitments.

With further machine capacity upgrades, Tekna can meet the strong and increasing
demand for its advanced materials for additive manufacturing. A successful trial
period completed in the first quarter this year points to a likely 70% increase
in machine capacity by year-end 2022.

The first quarter of 2022 was characterized by:

* Total revenues amounted to CAD 6.5 million, representing a 17% decrease from
Q1 2021

* Materials revenue amounted to CAD 4.6 million and grew by 5% from Q1 2021

* Total order backlog amounted to CAD 14.2 million, of which CAD 10.8 million
came from materials, representing a 54% increase from Q1 2021

* Adjusted EBITDA amounted to CAD -2.8 million compared to CAD 0.6 million in Q1

"I am pleased to report the results for the first quarter of 2022, representing
the third quarter of consecutive revenue growth. In the quarter, we continued to
experience a rise in the demand for our advanced materials, further confirming
Tekna's position in the market," commented Luc Dionne, Chief Executive Officer
of Tekna Holding.

Expanding capacity

In 2021, Tekna's Additive Manufacturing powder sales grew by 41%, outperforming
the market for metal powders which, according to Wohlers Report 2022, grew by

"To ensure that we successfully meet global demand, we are continuing the
program to expand overall machine capacity. Having already tested the upgrades
on a machine, we are confident we will see a capacity increase, which we can
convert to higher revenues," added Mr. Dionne.

Tekna is expanding its machine capacity by increasing existing machine
performance and adding additional machines. In the period 2015-2021, Tekna's
machine capacity increased by 140% through continued innovation. The
implementation phase of a further round of upgrades will start in the second
quarter of 2022 and progress through the rest of this year. The upgrades will
involve software and hardware enhancement on the machines and auxiliary systems.
By year-end 2022, Tekna expects a 70% increase in machine capacity.

With two revenue-generating segments, sales of advanced materials and sale of
R&D systems, Tekna's total revenues decreased by 17% from the first quarter of
2021. This is the result of reduced systems sales following two years of
continued Covid-19 related travel restrictions.

Strategic development projects

Tekna has continued to invest in developing its position in the Printed
Electronics market with sustained development conducted with customers and
potential partners. With several ongoing trials evaluating Tekna nickel nano
(80nm) powder, customer feedback is expected by the end of the second quarter of
2022 as projects are scheduled to pass important milestones, according to
current plans.

The Company's joint development agreement with LG Chem for battery materials is
developing positively with ongoing trials at the LG site. Tekna is also
expecting new samples of its enhanced silicon materials, which are showing
increased energy density from 350 to 600 mAh/g, to be provided to 150 prospects
at the beginning of the third quarter of 2022.

"We are experiencing strong demand for our materials, which is reflected by our
advanced materials gaining market share with additional orders over CAD 6
million for two consecutive quarters. This is an exciting time for the business
and I look forward to providing additional updates to the market in the future,"
added Dionne.

Presentation of Q1 results

Tekna will present its financial results for the first quarter 2022 today at
10.00 CEST / 4:00 EST. The results will be presented by Luc Dionne, CEO of Tekna
Holding ASA, and take place at Hotel Continental, Stortingsgata 24/26, Oslo. In
addition to the physical presentation, the event will be made available via a
live webcast. Please use the following link to register and view the webcast:

Questions can be submitted via the webcast link during the live event. A
recorded version of the webcast will be available shortly after the webcast has

The interim report for the first quarter and the presentation material are
enclosed and will also be available on https://newsweb.oslobors.no/ and on
http://www.tekna.com at around 07:00 CEST today.

For more information, please contact Arina van Oost.


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


* Arina van Oost, Investor Relations | VP Corporate Strategic Development &
Innovation, +1 438 885 6330, Investors@tekna.com


Tekna is a world-leading provider of advanced materials to industry,
headquartered in Sherbrooke, Canada.

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

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.

www.tekna.com - http://www.tekna.com


Download announcement as PDF.pdf -

2022Q1 vF.pdf -

561162_en_2022Q1 vF.pdf
561162_en_Download announcement as PDF.pdf


Tekna Holding ASA


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