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).

Investor and media contact:

Māris Macijevskis, CFA
Management Board Member, Finance director
Phone: (+371) 6780 0002
E-mail: invest@hansamatrix.com
http://www.hansamatrix.com

About JSC “HansaMatrix”

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial and other high added value business sectors.