Tentoma A/S

Development in activities and financial position
The year-end closing as per December 31st, 2022 shows a deficit of tDKK 4.970 compared to a deficit in 2021 of tDKK 8.380. The outbreak of the war in Ukraine has created uncertainty in the market and has to a certain extent postponed purchase decisions among the company's customers and has also led to price increases and delivery uncertainty among suppliers. Despite the increased uncertainty, the company has also experienced a high level of activity and willingness to invest from new as well as former customers in 2022. The aftermath of the Corona pandemic has affected the company in 2022. The company has experienced major challenges in procuring components, and there has been extra strain on the organization in connection with catching up with installation backlogs from customers. In 2022, a capital increase of tDKK 10,000 was carried out from the company's existing shareholders to strengthen the company's equity, and Tentoma A/S has therefore been able to continue developing the product portfolio, organization and planned growth-promoting activities in 2023, including continued active entry into the North American market. Despite the decision-making uncertainty of potential customers, the great interest in and increasing awareness in the market for RoRo StretchPack solutions has continued to develop during 2022, and the company has made a significantly increasing number of offers for RoRo StretchPack machines to a number of the significant players in the industry segments, which the company focuses on. In 2022, the company has continued to invest in the product portfolio, in sales support activities and the organization, with a view to increasing the capability to solve customers' packaging needs. As per December 31st, 2022, the equity of the company is tDKK 7.275.