Componenta : Financial Statements Release 1 January to 31 December 2023

Financial Statements Release

1 January-31 December 2023

Net sales and EBITDA decreased from the previous year

January-

December 2023

• Net sales decreased from the previous year to EUR 101.8 million (EUR 109.1 million)
• EBITDA decreased to EUR 5.3 million (EUR 7.1 million)
• The operating result was EUR 3.8 million (EUR 1.6 million)*
• Cash flow from operating activities was EUR 1.1 million (EUR 6.2 million).

October-

December 2023

• Net sales decreased to EUR 21.7 million (EUR 30.1 million)
• EBITDA decreased to EUR -0.5 million (EUR 2.8 million)
• The operating result decreased to EUR -1.9 million (EUR 1.4 million)
• Cash flow from operating activities was EUR -1.6 million (EUR 3.5 million).

• The operating result for the financial year includes a non-recurring profit of EUR 4.2 million from the reversal of the impairment loss related to production machinery and equipment in foundry business. More information on the reversal of the impairment loss can be found in the section "Tangible and intangible assets" in the financial statement release.

The information presented in this Financial Statements Release concerns the Componenta Group's performance in January-December 2023 and in the corresponding period in 2022 unless otherwise stated. The figures in this release have not been audited.

Sami Sivuranta, President and CEO:

"The first half of 2023 was a good continuation of the strategic development in previous years. However, in the second half of the year and especially in the last quarter, our production volumes were clearly lower than expected. This was influenced by market uncertainties and a higher interest rate environment than before, as a result of which our main customers' own order books developed more modestly. Our main customers optimized their stock levels towards the end of the year. Also, the level of net sales was affected by the lower level of price indices as a result of a decrease in costs. On the whole, our net sales and EBITDA fell slightly from 2022, so we are not satisfied with our financial performance in 2023. Nevertheless, our liquidity remained at a good level throughout the review period.

Due to general market uncertainty our main customers' decision-making time between the submission of an offer and the acceptance of the offer has increased over the last year. This has been

reflected in the development of new sales and in delays in the ramp-up of new production. In terms of new sales, we have systematically increased our market shares, and we believe this will have a positive impact on our sales volumes over the longer term.

Our profitability was somewhat burdened by the wage agreements made in our industry in the first half of the year, which increased our costs clearly, in addition to increasing inflation. In the review period, profitability was also affected by production and quality challenges in Karkkila. These challenges with scheduled maintenance related to one of the main production machines began in and lasted throughout the third quarter, contrary to the original schedule. We were able to ensure deliveries to our customers on schedule, and our service capability throughout the Group has remained good despite changes in the operating environment. In the second half of the year and especially in the last quarter, our factories' utilisation rates decreased clearly, which resulted in

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a decrease in our production process efficiency and ability to create high quality. This had a negative impact on our profitability. At the same time, we were ramping up the serial production of new high-volume products, which temporarily reduced production efficiency and quality. This also burdened our profitability.

The overall availability of raw materials and other materials has improved clearly and is currently at a good level. At the same time, the cost level of purchases has begun to normalise. Inflation reached a high level during the review period, but began to fall towards the end of 2023. We actively monitor market developments and will continue to ensure the functionality of our own supply chains. There are currently no significant near- term risks in the availability of electricity because of the high level of gas storage in Central Europe, among other reasons. However, there are still considerable fluctuations in the price of electricity at the daily level.

Our order book has started to strengthen since the end of the third quarter. Customer and industry-specific differences can be seen in order accumulation, but the outlook for the entire year 2024 has generally remained positive. With the start of serial production of new volume product sets from the second quarter onwards and thanks to the growth of Componenta's market shares, we estimate that our total production volumes will increase from 2023.

We have updated our strategy for 2024-2026. Sustainability has become one of the focus areas of our strategy, and we will strengthen its role as one of our competitive advantages. We are also currently preparing for regulatory changes, as well as for our long-term sustainability targets and action programmes. During the end of strategy period, our goal is to achieve EUR 150 million in annual net sales through organic growth and in total EUR 200 million in annual net sales through acquisitions, and to improve our current profitability. As a contract manufacturer, we will actively continue our efforts to strengthen our market position and are aiming to be the preferred overall sustainable supplier of a wide range of products to our customers."

Dividend proposal

The Group's profit for the financial year was EUR 1.5 million (EUR 0.1 million). On 31 December 2023, the parent company's distributable funds totalled EUR 17.1

million (EUR 16.4 million). Based on the balance sheet to be confirmed for the financial year that ended on 31 December 2023, the Board of Directors proposes that no dividend be paid for 2023.

Componenta's guidance for 2024

Componenta expects the Group's net sales and EBITDA to improve from the previous year. The Group's net sales in 2023 were EUR 101.8 million, and its EBITDA was EUR 5.3 million. It is expected that the emphasis of the improvement in annualized net sales and EBITDA will be clearly taking place on the second half of the year.

The development of customers' sales volumes, poor availability of raw materials, increases in the prices of raw materials and electricity, and the general economic and labour situation and competitive climate may affect business outlooks. In addition, the development of sales and profitability involves uncertainties because of geopolitical situation.

An unfavourable development of the geopolitical situation may also have a negative impact on the financial market, sales volumes, the availability and price development of raw materials and electricity, and the availability of foreign labour, all of which increase forecasting uncertainty.

Summary of key events in 2023

Our net sales and EBITDA continued to grow in the first half of the year in a very challenging operating environment, thanks to higher delivery volumes and the implementation of our own development measures as planned. However, in the second half of the year, production volumes were lower than expected because our main customers' own order books developed modestly as a result of market uncertainties, and because stock levels were optimised as part of working capital management. This caused our factories' utilisation rates to decrease, which had a negative impact on production process efficiency, capability and profitability.

Componenta signed an agreement on a EUR

4 million net working capital loan in the fourth quarter of 2022 and drew down the first instalment of EUR 2 million in December 2022. Componenta drew down the second and consequently last instalment EUR 2 million in March 2023.

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Componenta terminated its factoring and revolving credit facility agreement on 31 August 2023 and entered into an agreement with a new partner. In most Group companies, the services were transferred to the new partner mainly during 2023. At the financial statement date, the new revolving credit facility of EUR 4 million was unused.

Under the authorisation granted by the Annual General Meeting, Componenta Corporation's Board of Directors decided on 13 April 2023 to launch an option programme for the company's key personnel. Option programmes are used to encourage key employees to commit to long-term employment at the company in order to increase shareholder value. Option rights are also intended to commit key personnel to the company. The maximum number of option rights to be issued is 400,000. The option rights entitle their holders to subscribe for a maximum of 400,000 new shares in the company or shares held by the company. The option rights are issued without consideration.

Of the option rights, 133,348 were marked as option 2023A, 133,326 will be marked as option 2023B, and 133,326 will be marked as option 2023C. The shares to be subscribed for based on the option rights to be issued correspond to a total maximum of 3.9% of all

the shares and votes in the company after any share subscriptions if new shares are issued to be subscribed for. The target group of the option programme consists of around 15 key people, including the members of the Group's Corporate Executive Team.

In an IFRS assessment of Componenta on 30 September 2023, it was noted that long-term profit expectations for the foundry business had improved. Consequently, an impairment loss of around EUR

4.2 million was reversed related to the machinery and equipment of the production operations of the foundry business. At the financial statement date, the expectations had remained the same.

Order book

Componenta's order book at the end of 2023 was EUR 14.5 million (EUR 18.5 million). The order book increased by EUR 1.0 million from the end of the previous quarter. The order book contains the orders confirmed to customers for the next two months. The decrease in the order book from the previous year was significantly affected by a decline in Componenta's main customers' own order books and stock level optimisation as part of working capital management.

Key figures

	2023	2022	Change,%
Net sales, EUR thousand		101,809	109,087	-6.7
EBITDA, EUR thousand	5,278	7,086	-25.5
Operating result, EUR thousand	3,762**	1,565*	140.4
Operating result, %	3.7**	1.4*	159.1
Result after financial items, EUR thousand	1,568	-97	-1,714.9
Net result, EUR thousand	1,547	61	2,420.9
Basic earnings per share, EUR	0.16	0.01	2,847.7
Diluted earnings per share, EUR	0.16	0.01	2,852.9
Cash flow from operating activities, EUR thousand	1,126	6,171	-81.8
Interest-bearing net debt, EUR thousand	9,097	4,818	88.8
Net gearing, %	35.6	20.0	78.0
Return on equity, %	6.2	0.2	2,763.0
Return on investment, %	9.8	4.3	129.8
Equity ratio, %	45.0	41.1	9.7
Capital expenditure incl. lease liabilities, EUR thousand	4,066	3,617	12.4
Number of personnel at the end of the period, incl. leased workers	615	643	-4.4
Average number of personnel during the period, incl. leased workers	631	643	-1.8
Order book at the end of the period, EUR thousand	14,532	18,481	-21.4

• The year 2022 has been adjusted due to a change in the principle of preparing real estate valuations. More information about the change in the accounting principle and its effects on previous years' figures can be found in the section "Valuation of properties and land areas" in the financial statement release.
• The operating result for 2023 includes a non-recurring income of EUR 4.2 million from the reversal of the impairment loss related to the foundry business's production machinery and equipment. More information on the reversal of the impairment loss can be found in the section "Tangible and intangible assets" in the financial statement release.

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Net sales

Net sales decreased by 6.7% from the previous year to EUR 101.8 million (EUR 109.1 million). Net sales decreased because delivery volumes were lower in the second half of the year, and because the level of the main raw material and energy indices included in sales prices were lower than in the comparison period. Componenta's net sales were divided between customer industries as follows: machine building 45% (46%); agricultural machinery 30% (31%); forestry machinery 7% (7%); the energy industry 9% (8%);

the defence equipment industry 4% (2%); and other industries 5% (6%).

Result

The Group's EBITDA decreased from the previous year, amounting to EUR 5.3 million (EUR 7.1 million). The following factors had a somewhat negative impact on profitability: the industry-specific wage agreements made in the first half of the year, the prolonged scheduled maintenance of the Karkkila foundry in the third quarter, and lower production utilisation rates in the second half of the year, which were reflected in production process efficiency and ability to create high quality. In addition, in the last quarter of the year, profitability was burdened by the ramp-up of the manufacture of new high-volume products, which temporarily weakened profitability.

The Group's operating result increased from the previous year, amounting to EUR 3.8 million (EUR

1.6 million). The reversal of an impairment loss of EUR 4.2 million related to production machinery and equipment had a positive impact on the operating result. In its IFRS assessment in the third quarter of 2023, Componenta noticed that long-term profit expectations for the foundry business had improved. Consequently, a one-off profit was recognised in the depreciation, amortization and write-downs line item in the income statement. The Group's net financial items totalled EUR -2.2 million (EUR -1.7 million). The change in net financial items was related to higher market interest rates and the net working capital loan, EUR 4 million in total, which was drawn down in December 2022 and March 2023. The Group's result after financial items was EUR 1.6 million (EUR -0.1 million). Taxes totalled EUR 0.0 million (EUR +0.2 million) for the financial year. The Group's profit for the financial year was EUR 1.5 million (EUR 0.1 million).

Basic earnings per share were EUR 0.16 (EUR 0.01) for the financial year. Diluted earnings per share were EUR 0.16 (EUR 0.01) for the financial year.

Balance sheet, financing and cash flow

At the end of the financial year, the company's invested capital stood at EUR 39.9 million (EUR 37.5 million), and the return on investment was 9.8 % (4.3 %). The return on equity was 6.2 % (0.2 %). The Group's equity ratio stood at 45.0 % (41.1 %) at the end of the financial year. The equity ratio improved because of the positive result for the financial year and the lower level of non- interest-bearing liabilities. The Group's equity was EUR 25.5 million (EUR 24.1 million). Its net gearing stood at 35.6 % (20.0 %) at the end of the financial year. The unfavourable development in gearing was mainly caused by the weaker cash position and due to the second and final instalment of EUR 2 million of the net working capital loan, which was drawn down during the financial year, and new lease liabilities for machinery and equipment.

Componenta Group's total liabilities on 31 December 2023 stood at EUR 31.7 million (EUR 34.7 million). Long-term liabilities amounted to EUR 11.9 million (EUR 10.6 million), and short-term liabilities totalled EUR 19.8 million (EUR 24.1 million). The Group's liabilities included EUR 3.6 million (EUR 3.5 million) in loans from financial institutions. The Group's other debt items included EUR 7.9 million (EUR 10.4 million) in working capital, EUR 10.9 million (EUR 10.0 million) in lease liabilities for facilities, machinery and equipment, and EUR 9.3 million (EUR 10.8 million) in other liabilities.

At the end of the financial year, the Group's cash and cash equivalents totalled EUR 5.3 million (EUR 8.6 million). The Group's liquidity has remained at a fairly good level since the end of the financial year. At the end of the financial year, Componenta also had EUR

4.0 million in unused committed credit facilities valid until September 2025 and a USD 7.5 million unused portion of its USD 8.0 million share subscription facility from GCF, an investor based in the United States. The share subscription facility is valid until June 2024.

The Group's net cash flow from operating activities in the financial year was EUR 1.1 million (EUR 6.2 million). The change was due to smaller sales volumes and weaker profitability than in the previous year.

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Cash flow was also weakened by the timing of certain significant material purchases before the end of the financial year, as a result of which trade payables decreased from the previous year. At the end of the financial year, the Group's working capital (including inventories and accounts receivable, less accounts payable) was EUR 6.5 million (EUR 5.3 million). This was because less capital than before was employed in accounts payable.

Capital expenditure

Capital expenditure made by the Group totalled EUR

4.1 million (EUR 3.6 million). The capital expenditure mainly consisted of various production machinery and equipment purchases. The Group's net cash from investing activities was EUR -2.7 million (EUR -2.4 million), which includes the Group's cash flow from capital expenditure in tangible and intangible assets.

Research and development activities

There were no research and development costs, because Componenta engages in contract manufacturing operations and has no products of its own.

Risks and business-related uncertainties

The most significant risks related to Componenta's business operations are risks associated with the operating environment (competitive situation, prices, commodities and the environment), risks related to business operations (customers, suppliers, productivity, production processes, labour market disruptions, contracts, product liability, personnel and information security) and financing risks (availability, liquidity, currency, interest rate and credit).

The availability of certain raw materials such as recycled steel, pig iron, structural steel, aluminium and energy at competitive prices, as well as the uninterrupted supply of energy, is essential for the Group's business operations. The average market prices of electricity remained at a fairly high level during the review period, and daily and hourly price fluctuations were very high. Because of the geopolitical situation, the availability of raw materials and other materials continues to involve uncertainties in Componenta's operational activities. In addition, global challenges with the availability of certain components

for customers may lead to production disruptions in our end customers' plants and thereby affect Componenta's sales volumes in the short term.

To ensure the availability of raw materials and other materials, Componenta actively engages in discussions with its suppliers, continuously updates its needs forecast and optimises its inventory levels to meet longer-term demand, closely monitors the situation of its suppliers and market changes, and responds to these changes as necessary.

According to Componenta's estimate, the Group has no significant and immediate risk concentrations related to Russia or Ukraine among its customers or suppliers of goods. Componenta has no operations of its own in Russia or Ukraine. The Russian attack has had an impact on the general price development and availability of raw materials such as structural steel and pig iron, and on the development of energy prices. The war has had an indirect impact on the supply chains of Componenta's manufacturers of steel materials and wholesalers through the price development and availability of iron ore and coal, for example.

A prolonged war and unfavourable developments in the geopolitical situation may continue to have a negative impact on the financial market, sales volumes, the availability and price development of raw materials and energy, and the availability of foreign labour, which increases forecasting uncertainty.

The cost risk associated with raw materials is mainly managed through index-based price agreements, based on which the sales prices of products are updated in response to changes in the prices of raw materials for the next quarter. An increase in raw material prices may employ more working capital than expected. In terms of commercial risks, future volumes may be weakened by customers switching to cheaper alternatives due to price competition.

Componenta's business operations depend on the reliability of production plants, supply and delivery chains and the related processes and systems.

Componenta also closely monitors the labour market situation. The quality, accuracy and availability of information are extremely important, as information technology plays a significant role in the operations of Componenta and its suppliers and customers. If materialised, IT and cybersecurity risks may expose

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Componenta to disruptions and interruptions in operations and the loss or distortion of data, which may lead to interruptions in product availability. Componenta pays close attention to cybersecurity risks and monitors its customers' situations and notifications.

Componenta continuously monitors the liquidity risk. The Group also finances its operations through factoring arrangements for receivables. The financing company responsible for Componenta's factoring services had repeated delays in payments during 2023. Componenta therefore terminated its factoring and credit facility agreements with the financing company on 31 August 2023 and entered into new agreements on factoring and credit facility services with Avida Finans AB. Avida Finans AB's credit rating is AAA, and its principal owner is KKR, a private equity firm based in the United States. In most Group companies, the services were transferred

to Avida during 2023. Componenta's current committed credit facilities will need to be renewed in September 2025. Any termination or non-renewal of factoring arrangements or credit facilities could create uncertainties for Componenta's liquidity. The Group's liquidity was at a reasonable level

at the end of the financial year. At the end of the financial year, Componenta also had EUR 4.0 million in unused committed credit facilities and a USD 7.5 million unused portion of its USD 8.0 million share subscription facility from GCF, an investor based in the United States. The share subscription facility is valid until June 2024. In addition, the second and final instalment (EUR 2 million) of the EUR 4 million net working capital loan was drawn down in March 2023.

Flagging notifications

Componenta did not receive any flagging notifications in 2023.

Resolutions of the Annual General Meeting

Componenta Corporation's Annual General Meeting (AGM) was held in Vantaa on 13 April 2023. The AGM was in favour of all the proposals made and approved the remuneration report. The AGM adopted the financial statements and consolidated financial statements for 2022 and discharged the members of the Board of Directors and the CEO from liability for the 2022 financial year (1 January to 31 December 2022).

In accordance with the Board of Directors' proposal, the AGM decided that no dividend be paid based on the balance sheet confirmed for the financial year that ended on 31 December 2022.

The AGM decided that the annual remuneration payable to the Chair of the Board of Directors would be EUR 50,000, and that the annual remuneration payable to other members of the Board would be EUR 25,000, in accordance with the proposal of the Shareholders' Nomination Board. In addition, the members of any committees of the Board of Directors will be paid

an annual remuneration of EUR 5,000. The Board members will be reimbursed for their travel expenses in accordance with the company's travel policy.

In accordance with the proposal of the Shareholders' Nomination Board, the AGM confirmed that the Board of Directors consisted of four (4) members. The AGM re-elected Tomas Hedenborg, Anne Leskelä, Harri Suutari and Petteri Walldén as the members of the Board. The Board members' term of office ends at the close of the next AGM.

The AGM elected Authorised Public Accountants PricewaterhouseCoopers Oy as the company's auditor for the next term of office, with Authorised Public Accountant Ylva Eriksson as the principal auditor.

In accordance with the Board of Directors' proposal, the AGM authorised the Board of Directors to decide on share issues in one or more instalments as follows: the share issue may be carried out either by issuing new shares or by transferring treasury shares held by the company. The total number of shares to be issued or transferred under the authorisation may not exceed 571,275 shares, which correspond to around 5.88% of all the shares in the company. The new shares may be issued and the treasury shares held by the company may be transferred for consideration or without consideration.

The Board of Directors will decide on all the terms and conditions of the issue of new shares and the transfer of the company's own shares. Based on the authorisation, the Board of Directors may also decide on a share issue in deviation of the pre-emptive subscription right of the shareholders (directed issue) subject to conditions mentioned in the Finnish Limited Liability Companies Act. The authorisation also includes the right to decide on the issuance of new

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shares to the company itself without consideration. For example, the Board of Directors may use the authorisation as compensation in acquisitions, to develop capital structure, to broaden the ownership base, to acquire assets related to the company's business or to finance or carry out other business transactions, or for other purposes decided by the Board of Directors. However, the authorisation may not be used for the implementation of incentive programmes of the company's management or key personnel. The authorisation is valid until the end of the next Annual General Meeting, but no longer than until 30 June 2024 at the latest. For the sake of clarity, the authorisation revokes previous non-utilised authorisations to decide on share issuance.

In accordance with the Board of Directors' proposal, the AGM authorised the Board of Directors to decide on the issue of shares, option rights and other special rights entitling their holders to shares, as referred to in chapter 10, section 1 of the Limited Liability Companies Act, in one or several instalments as follows: the total number of shares to be issued or transferred under the authorisation may not exceed 400,000 shares (including shares issued based on special rights), which corresponds to around 4.12% of all the shares in the company.

The Board of Directors will decide on all the conditions of the issue of shares, stock options and other special rights entitling to shares. Pursuant to the authorisation, new shares may be issued and treasury shares held by the company may be transferred. The new shares may be issued and the treasury shares held by the company may be transferred either

for consideration or without consideration. The authorisation also includes the right to decide on the issuance of new shares to the company itself without consideration. Based on the authorisation, the Board of Directors may decide on the issue of shares, stock options and other special rights entitling to shares in deviation of the pre-emptive subscription right of the shareholders (directed issue) subject to conditions mentioned in the Limited Liability Companies Act. Shares, stock options or other special rights entitling to shares may be issued in a directed issue as part of the implementation of the company's share-based incentive schemes, such as the implementation of stock options and restricted share plan planned by the Board of Directors. The authorisation is valid until 13 April 2028. For the sake of clarity, the authorisation

revokes previous non-utilised authorisations to decide on the issue of shares, stock options and other special rights entitling to shares.

Board of Directors and management

On 13 April 2023, Componenta's Annual General Meeting (AGM) confirmed, in accordance with the proposal of the Shareholders' Nomination Board, that the Board of Directors consisted of four (4) members. The AGM re-elected Harri Suutari, Anne Leskelä, Tomas Hedenborg and Petteri Walldén as the members of the Board. The Board members' term of office ends at the close of the next AGM.

At its organisation meeting after the AGM, the Board of Directors elected Harri Suutari as Chair of the Board and Anne Leskelä as Vice Chair of the Board.

On 31 December 2023, the Group's Corporate Executive Team consisted of the following members: Sami Sivuranta, President and CEO; Marko Karppinen, CFO; Pasi Mäkinen, COO; and Hanna Seppänen, General Counsel.

Share-based incentive scheme

Componenta has one long-termshare-based incentive plan: an option programme. Option programmes are used to encourage key employees to commit to long- term employment at the company in order to increase shareholder value. The goal of the option rights is to ensure that key employees stay with the company.

Under the authorisation granted by the Annual General Meeting on 13 April 2023, Componenta Corporation's Board of Directors decided to launch an option programme for the company's key personnel. Option programmes are used to encourage key employees to commit to long-term employment

at the company in order to increase shareholder value. Option rights are also intended to commit key personnel to the company. The maximum number of option rights to be issued is 400,000. The option rights entitle their holders to subscribe for a maximum of 400,000 new shares in the company or shares held by the company. The option rights are issued without consideration. Of the option rights, 133,348 will be marked as option 2023A, 133,326 will be marked as option 2023B, and 133,326 will be marked as option 2023C. The shares to be subscribed for based on

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the option rights to be issued correspond to a total maximum of 3.9% of all the shares and votes in the company after any share subscriptions if new shares are issued to be subscribed for. The target group of the option programme consists of around 15 key people, including the members of the Group's Corporate Executive Team. During the 2023 financial year, Componenta Corporation's Board of Directors decided on a new option programme for key personnel in line with the authorisation granted by the 2023 Annual General Meeting. A total of 133,348 option rights 2023A was allocated to personnel.

On the balance sheet date, the company had three option programmes: 2018B, 2018C and 2023A. Their valuation was carried out using the Black-Scholes model. On the balance sheet date, there were a total of 246,108 option rights, entitling their holders to subscribe for a maximum of 358,868 new shares in the company or shares held by the company. The subscription prices are as follows: EUR 3.85 for a 2018B option right; EUR 2.91 for a 2018C option right; and EUR 3.00 for a 2023A option right.

In the 2023 financial year, 3,700 option rights 2018C and 8,334 option rights 2023A returned to the company. The option rights returned to company had not been transferred forward by the balance sheet date. The subscription period for the 2018A option programme ended in November 2023. The subscription period for the 2018B option programme began in December 2022, and the subscription period for the 2018C option programme began in December 2023. During the financial year, no option rights from the current option programmes were exercised for the subscription of shares.

year was at EUR 2.35 (EUR 2.34). The market value of all shares in the company at the end of the year was EUR 22.8 million (EUR 22.7 million), and the volume of shares traded during the financial year was 20.3 % (23.9 %) of all shares in the company.

Componenta Corporation's share capital was EUR 1.0 million (EUR 1.0 million) at the end of the financial year. The total number of shares in the company was 9,712,757 (9,712 757) at the end of the financial year. The company had 6,975 (7,257) shareholders at the end of the financial year.

Annual General Meeting

Componenta Corporation's Annual General Meeting will be held on Wednesday 10 April 2024 at 10 am EEST in Vantaa, Finland. The notice of meeting will be published as a separate stock exchange release.

Financial information in 2024

In 2024, Componenta will publish its financial reports as follows:

• Business review for January-March 2024 on Tuesday 7 May 2024
• Half-yearfinancial report for January-June 2024 on Tuesday 23 July 2024
• Business review for January-September 2024 on Friday 1 November 2024.

The 2023 Annual Review, including the financial statements and the Board of Directors' report, will be published during the week beginning 13 March 2023 at the latest.

Share capital and shares

The shares of Componenta Corporation are listed on the Nasdaq Helsinki. The average share price during the financial year was EUR 2.67 (EUR 2.77). The lowest price was EUR 2.20 (EUR 2.02), and the highest was EUR 3.2 (EUR 3.65). The quoted price at the end of the

Alternative key financial ratios

Componenta publishes certain commonly used key financial ratios that can be derived from the IFRS financial statements. The calculation formulas for these performance measures are presented at the end of this release.

Helsinki 1 March 2024

COMPONENTA CORPORATION

Board of Directors

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Financial statements release tables

Consolidated income statement

		Adjusted		Adjusted
	Jan 1-Dec 31,	Jan 1-Dec 31,	Jul 1-Dec 31,	Jul 1-Dec 31,
EUR thousand	2023	2022	2023	2022
Net sales	101,809	109,087	41,581	54,679
Other operating income	751	328	463	293
Operating expenses	-97,283	-102,329	-42,178	-51,714
EBITDA	5,278	7,086	-133	3,258
% of net sales	5.2%	6.5%	-0.3%	6.0%
Depreciation, amortization and write-downs	-1,516**	-5,521*	1,396**	-2,747*
Operating result	3,762**	1,565*	1,263**	512*
% of net sales	3.7%**	1.4%*	3.0,%**	0.9%*
Financial income and expenses	-2,193	-1,662	-1,064	-942
Result after financial items	1,568	-97	199	-430
% of net sales	1.5%	-0.1%	0.5%	-0.8%
Income taxes	-21	158	-74	73
Result for the financial period	1,547	61	125	-357
Allocation of result for the period
To equity holders of the parent	1,547	61	125	-357
Earnings per share calculated on result
attributable to the shareholders of the
parent company
- Basic earnings per share, EUR	0.16	0.01	0.01	-0.04
- Diluted earnings per share, EUR	0.16	0.01	0.01	-0.04

• The year 2022 has been adjusted due to a change in the principle of preparing real estate valuations. More information about the change in the accounting principle and its effects on previous years' figures can be found in the section "Valuation of properties and land areas" in the financial statement release.
• The operating result for 2023 includes a non-recurring income of EUR 4.2 million from the reversal of the impairment loss related to the foundry business's production machinery and equipment. More information on the reversal of the impairment loss can be found in the section "Tangible and intangible assets" in the financial statement release

Consolidated statement of comprehensive income

	Jan 1-Dec 31,	Jan 1-Dec 31,	Jul 1-Dec 31,	Jul 1-Dec 31,
EUR thousand	2023	2022	2023	2022
Net result	1,547	61	125	-357
Total comprehensive income	1,547	61	125	-357
Allocation of total comprehensive income
To equity holders of the parent	1,547	61	125	-357

Financial Statements Release 2023

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