Tekna in the red – hints on stock exchange plans

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Tekna Holding had an adjusted EBITDA of minus 3.3 million Canadian dollars in the fourth quarter of 2021, compared with 4.0 million Canadian dollars in the same period a year earlier, according to the company’s quarterly report on Wednesday.

Turnover in the quarter was 6.0 million Canadian dollars, compared with 7.4 million a year earlier.

Tekna Holding reaffirms its medium and long term goals. Previously, the company has communicated that it is targeting an average annual growth rate of 40-50 percent with an EBITDA margin of around 25 percent.

– We enter 2022 with a record high total order backlog of C$15.3 million and with growing production capacity in both Canada and Europe. Given the company’s solid prospects, we plan to be listed on the main list of Oslo Brs during 2022, said CEO Luc Dionne.

(Direct TDN)

  • Founded in Canada in 1999.
  • Has factories in Canada and France.
  • Purchased by Arendals Fossekompani in 2014.
  • Manufactures metal powders for use in 3D printing, batteries and electronics.
  • Raised NOK 750 million in issuance by end of March 2021. Arendals Fossekompani remains the largest shareholder as well after listing.
  • In relation to this matter, the value is up to NOK 2.7 billion.
  • Listed on Euronext Growth on Tuesday 30 March 2021.

Julia Matthews

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