Enedo Plc Publishes Business review January 1 – March 31, 2023 - Positive net profit enabled by strong orderbook and improvements in logistics - Seite 2

The Power Supplies product category’s net sales increased to EUR 7,0 million with an increase of EUR 0,3 million, 4%, compared to net sales of EUR 6,7 million in Q1 2022.

The net sales for Led Drivers product category's were EUR 2,9 million, an increase of EUR 0,2 million, 7%, compared to Q1 2022.

The net sales of the Power Systems product category increased with EUR 0,3 million and was EUR 1,4 million 34% compared to the net sales of Q1 2022.

Enedo has been actively upgrading the logistics procedures and will execute certain logistical improvements during Q2 and Q3 2023 to better serve our customers. Also we are preparing capacity increases in our Tunis factory to speed up the deliveries and enable the continuous growth of volumes.

Inission has earlier decided to exercise its redemption right in accordance with ch. 18. in the Finnish Companies Act and to redeem all the remaining shares in Enedo. Enedo's board of directors has decided on March 8, 2023 to apply for the delisting of its shares from the Nasdaq Helsinki stock exchange list. At the end of March 2023 Inission AB ownership of Enedo shares was 95,85%.

	1-3/23	1-3/22	1-12/22
NET SALES BY GEOGRAPHY, MEUR	3mo	3mo	12mo
Americas	1,8	2,2	9,9
EMEA	5,8	5,2	23,8
APAC	2,4	2,0	9,2
Finland	1,2	1,0	4,0
Total	11,3	10,4	46,8
	1-3/23	1-3/22	1-12/22
NET SALES BY PRODUCT CATEGORY, MEUR	3mo	3mo	12mo
Power Supplies	7,0	6,7	30,0
Led Drivers	2,9	2,7	11,4
Power Systems	1,4	1,1	5,4
Total	11,3	10,4	46,8