Zaptec delivered record-breaking order intake, over 100% revenue growth, an
all-time high order backlog, and significantly higher production volumes in the
first quarter of 2023. In addition, the company achieved several key milestones
in the quarter, including MID-type approval for Zaptec Pro, and a European
patent for its charging technology. As in the previous quarter, Zaptec continued
investing in future growth based on the large order intake in Q1, including
product developments targeting new markets. 

- Q1 has been a busy quarter for us, and I am thrilled to report strong
performance demonstrating that this quarter was another step in the right
direction in our growth trajectory, says Zaptec's CEO, Peter Bardenfleth-Hansen.


- I am also proud of the milestones we reached related to our striving to
provide customers with safe, high-quality charging solutions. The Zaptec Pro
MID-type approval is a massive achievement, and I am confident this will be a
game-changer for our customers and help us continue growing and succeeding in
Europe. We also received a European patent for our dynamic phase-balancing
charging technology, demonstrating our uniqueness. The patented technology
allows for lower installation cost and optimized power distribution among
vehicles charging in the same system, leading to an improved charging experience
with increased charging speed, says Bardenfleth-Hansen. 


Highlights from Q1 2023: 

o Record-breaking order intake of 587 mill NOK, 204% above Q1 2022
o Order backlog of 489 mill NOK for deliveries for the remainder of 2023, up
702% compared to Q1 2022
o Strong revenue growth to 271 mill NOK, an increase of 105% from Q1 2022
o Significant ramp-up in production volumes of both Zaptec Go and Zaptec Pro
o Gross margin of 41% 
o EBITDA of 4.6 mill NOK, equivalent to a 2% margin
o Successful share capital increase, raising 300 mill NOK in gross proceeds to
secure liquidity for continued international growth

Please refer to the attached Q1 2023 report and presentation for further
details. 


For more information: 

Peter Bardenfleth-Hansen, CEO, Zaptec ASA 
Tel: +47 40 10 31 78, e-mail: pbh@zaptec.com 

Kurt Østrem, CFO, Zaptec ASA  
Tel: + 47 40 40 47 00, e-mail: kurt@zaptec.com 

Kristian Sæther, Finance Manager & IR, Zaptec ASA 
Tel: + 47 90 70 85 12, e-mail: investor@zaptec.com 

 
About Zaptec ASA: 
Zaptec is a technology company within Electric vehicle (EV) charging systems in
Europe. The company develops EV charging systems for multi and single-family
homes and office buildings. The product portfolio enables large number of
charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365
payment services, Charging columns, Zaptec Portal, and Zaptec Sense. The company
accelerates the electrification of the transport sector to assist European
countries in reducing CO2 emissions from light-duty cars.