HansaMatrix updates forecast of consolidated revenue and profitability for 2022:

Revenue: 26-28 million EUR
EBITDA margin: between 9% to 12%

The Company announces forecast of consolidated revenue and profitability for 2023:

Revenue: 32-34 million EUR
EBITDA margin: between 10% to 13%

HansaMatrix manufacturing order book volume as of Q3 2022 amounted to strong 19.2 million EUR, as a result of slightly improving component availability, decreasing by 11.9%, compared to the respective figure as at the end of Q2 2022.

Margins in 2022 have been influenced by manufacturing product mix changes, the ongoing global semiconductor deficit and by energy price spikes and volatility among other things fueling general and salary inflation in Latvia, EU and other countries.

In 2023 the Company expects gradual improvements in semiconductor availability. Manufacturing volumes are expected to grow for existing clients as well as for new clients, among other things supported by ongoing near shoring trend, mitigating potential demand contraction effects due to possible economic slowdown.

Please see the definitions of alternative performance indicators (APIs) used in this news release on page 46 of HansaMatrix Unaudited Interim Condensed Consolidated Financial Statements for the Q2 and 6-month period ended June 30, 2022 (available: https://bit.ly/3T78LqH).