15.2.2024 07:00:00 CET |Nekkar ASA | Additional regulated information required to be disclosed under the laws of a member state15 February 2024 -Nekkar ASA (Nekkar ) delivered all-time high fourth quarter and yearly revenues in 2023. The revenue for the fourth quarter wasNOK 179 million , up 43 percent versus the same quarter in 2022 (125). EBITDA wasNOK 32 million , representing a 137 percent increase (14). Order intake was strong atNOK 242 million in the quarter (105). "We are proud to present both a strong fourth quarter and annual results that demonstrate our ability to innovate, develop businesses and execute customer projects. Moreover, the tender activity and market outlook in the industry segments we operate in remain positive," saysOle Falk Hansen , CEO ofNekkar . Order intake in the fourth quarter of 2023 wasNOK 242 million (105), including aUSD 15 million shiplift and ship transfer system contract and aEUR 6.5 million offshore crane award. At the end of 2023Nekkar's order backlog stood atNOK 803 million (824). So far in the first quarter 2024,Nekkar's subsidiary Syncrolift has been awarded aUSD 5 million engineering design project for a shiplift and ship transfer system inChile . This award includes an option for equipment delivery valued at approximatelyUSD 24 million . "Syncrolift's win rate remains impressive. I am also delighted to see that Techano Oceanlift's new offshore cranes are gaining the attention of shipowners," addsOle Falk Hansen .Nekkar reported revenue ofNOK 179 million (125) in the fourth quarter 2023. EBITDA wasNOK 32 million (14), equivalent to an EBITDA margin of 18 percent (10.9). EBIT wasNOK 30 million (9). Cash flow from operations wasNOK 29 million (38) in the quarter.Nekkar's balance sheet remains strong withNOK 194 million in cash, no interest-bearing debt, and an undrawnNOK 200 million credit facility available at year-end 2023. BUSINESS SEGMENT UPDATENekkar's three operational subsidiaries all showed positive revenue development in 2023. Syncrolift delivered revenue ofNOK 515 million (383), IntelliliftNOK 34 million (23), and Techano OceanliftNOK 30 million (0). Both Syncrolift and Intellilift have healthy EBITDA margins, while Techano Oceanlift has softer EBITDA margins as the company is still in the build-up phase. "Syncrolift is a mature market leader and Intellilift's EBITDA-margin reflects that it's a SaaS-driven business. Techano Oceanlift's EBITDA-margin is, as planned, negatively affected by pricing of market entry projects. We expect this to improve over time," saysOle Falk Hansen . FULL-YEAR RESULTS 2023 For the full year 2023,Nekkar delivered revenue ofNOK 575 million , an increase of 48 percent from 2022 (388). The EBITDA result improved by 60 percent toNOK 109 million (68), equivalent to an EBITDA margin of 18.9 percent (17.5). EBIT wasNOK 101 million (57) for the full year. PRESENTATION AT08:00 AM TODAYNekkar ASA will hold a live webcast presentation today at08:00 CET . The presentation can be viewed from this URL: https://channel.royalcast.com/landingpage/hegnarmedia/20240215_20/ The presentation material is enclosed to this announcement. DISCLOSURE REGULATION This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. CONTACTS *Ole Falk Hansen , CEO, +47 988 14 184, ir@nekkar.com ABOUTNEKKAR ASA Nekkar (OSE: NKR) is an industrial technology group offering impact technologies combined with high-end software solutions. The group combines 50 years' heritage from the world's number one shiplift company, Syncrolift, with new investments into sustainable, digitalised technology businesses that aim to unlock growth within ocean-based industries such as offshore energy, renewables and aquaculture. ATTACHMENTS Nekkar ASA_Q4_2023_presentation.pdf - https://kommunikasjon.ntb.no/ir-files/17847326/2916/4081/Nekkar%20ASA_Q4_2023_pr esentation.pdf
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