Clarification Of Outlook (Guidance) 2024

Company announcement no. 567
January 15th, 2025

CLARIFICATION AND UPDATE ON FULL YEAR EXPECTATIONS FOR 2024

During Glunz & Jensen's closing of the 2024 accounts and in preparation for the upcoming auditing of the 2024 figures, there are 2 minor deviations compared to the full year estimate which was approved by the board of directors in August 2024 and announced to the market:

• Two partially prepaid units (equipment) equal to approximately DKK 4 million in revenue were ready to be shipped during December 2024, but delivery has been postponed to 2025.

• The last quarter of 2024 (Q4, 2024) has shown strong profit margins, and furthermore Glunz & Jensen has managed to reduce the fixed cost even further.

Glunz & Jensen hereby wishes to clarify the full year 2024 expectations as follows:

• The revenue is expected at approximately DKK 131 million (previous outlook: approximately DKK 135 million)

• The EBITDA* is expected at approximately DKK 11 million (previous outlook: approximately DKK 12 million)

• The Profit before tax* is expected at approximately DKK 5 million (previous outlook: approximately DKK 5 million)

*The outlook on EBITDA and on Profit before tax is announced excluding potential adjustments on the fair value on the investment property.

Glunz & Jensen plans to announce its annual report for 2024 on March 19th, 2025.

For further information please contact:

CEO Henrik Blegvad Funk: phone +45 21 39 05 32
Chairman of the board Flemming Nyenstad Enevoldsen: phone +45 40 43 13 03

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