• Business as usual with no significant events or extraordinary influence. The first quarter is often the slowest period of the year
• The companies in Germany and Switzerland overperformed compared to the internal budget
• Launching "Reduce to the MAX" annual motto with an aim to increase efficiency and prepare for future growth. Simplification and alignment of the business to its original competence
• Continued cashlow pressure in all companies
• Talkpool received a binding bid for its Pakistani and Saudi businesses, but the bid expired in May 2024
• A share options scheme was launched in March. The scheme runs until 2031 with a first phase until mid-2025, and intends to inzentivize key staff and improve long-term profit margins

The business is now in a stabilization phase after pivoting back to its core competency. The cashflow generated by the operation continued to increase in the beginning of 2024, and the operational trend has been positive for several years. Cash management continues to be in focus as the cash generated by the organisation is used to reduce loans, restructuring the business and do small investments.

Almost no new client contracts were signed, so the organisation could continue delivering ongoing business. The German fixed network planning operation continued to impress, and reached its best month ever in March 2024 thanks to increasing volumes of large planning projects work. The German organisation was reinforced with additional capacity during the quarter.

We're now preparing to integrate the Pakistani business into Talkpool as we still haven't been able to sell the Pakistani company. We've made the first steps towards establishing a new strategy. We're planning to spend considerable time this year to create a German-centric overall growth strategy for Talkpool's global business. New long-term guidance targets and detailed information about how to reach the targets will be communicated as the business plan develops.

FOR FURTHER INFORMATION READ THE FULL Q1 2024 REPORT, AVAILABLE ON https://talkpool.com/financial-reports/

This report contains insider information that Talkpool AG is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication at 08:30 o'clock Central European Time on Friday the 31st of May 2024.