Nordic LEVEL Group AB – Interim Report January – March 2025

The Board of Directors of Nordic LEVEL Group AB, listed on NASDAQ First North Growth Market, presents the following report for the period January – March 2025.

FIRST QUARTER IN SUMMARY JANUARY – MARCH 2025

• Following a year marked by consolidation work in the form of project ETT LEVEL, a more streamlined and focused operation within advanced security technology and qualified consulting has delivered a quarterly turnover of SEK 110.0 (90.2) million, corresponding to a growth of 22.0 percent.
• The Group’s net sales for the period amounted to SEK 110.0 (90.2) million, a growth of 22.0 percent compared to the corresponding quarter of the previous year.
• The Group’s operating profit (EBITDA) for the period amounted to SEK 0.6 (0.1) million and operating profit (EBIT) amounted to SEK -3.6 (-3.4) million.
• The result after tax for the period amounted to SEK -5.1 (4.6) million.
• The result per share for the period averaged SEK -0.02 (0.03) before and after dilution.
• The period’s cash flow from operating activities including discontinued operations before changes in working capital amounted to SEK -1.1 (-0.2) million and the cash flow after changes in working capital amounted to SEK 6.1 (-5.5) million. The cash flow from investment activities amounted to SEK -0.0 (-0.2) million and from financing activities to SEK 6.1 (-5.5) million. The period’s cash flow amounted to SEK -4.6 (-11.3) million.
• The period’s order intake was SEK 86.1 (119.4) million, a decrease of 27.9 percent compared to the corresponding period of the previous year. Total order backlog amounts to SEK 111.8 (128.0) million and total quotation stock amounts to SEK 394.5 (373.0) million at the end of the period.

Figures in parentheses refer to the corresponding period of the previous year.

Excerpt from the CEO’s Comment

Historically, the first and third quarters are the weaker periods of the year for both LEVEL and the industry as a whole. Against this background, it is particularly pleasing that our turnover has increased by as much as 22 percent to SEK 110.0 (90.2) million. A large part of the growth comes from larger projects where we have been in phases that include large efforts from our subcontractors where our margins are lower compared to the parts of the project where we use our own staff in project management and commissioning. This means that a large part of our turnover increase is met by direct costs.

Read the entire CEO’s comment on page 2 of the report.

Complete quarterly report is attached as a PDF.

This information is information that Nordic LEVEL Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on May 21, 2025, at 08.30 CEST.

For further information, please contact:

Jörgen Lundgren, CEO

Tel 070-486 58 99
E-mail: jorgen.lundgren@nordiclevelgroup.com

Kristian Hansen, CFO

Tel 070-180 02 00
E-mail: kristian.hansen@nordiclevelgroup.com

Nordic LEVEL Group – Enabling our clients to live a levelled life

Nordic LEVEL Group is an acquisition-driven group that develops and integrates companies with exposure to the security sector. The Group is a complete supplier of reliable and modern security solutions and services. The Group has approximately 150 employees with an annual turnover of approximately SEK 400 million. The business is conducted through the Group’s subsidiaries in the Nordic market. The Group operates in two core areas: Advanced Security Technology and Qualified Security Consulting. The Group’s goal is to increase both the perceived and actual security in society, with a particular focus on socially critical activities, and to ensure that its customers can live as safe and secure a life as possible. The company was founded in 1989 and has its headquarters in Stockholm. For more information, please visit: www.nordicLEVELgroup.com

Nordic LEVEL Group’s share is traded under the short name LEVEL on Nasdaq First North Growth Market and the company’s Certified Adviser is DNB Carnegie Investment Bank AB (publ)

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