Letter to the Stakeholders

In the latest quarter, we achieved robust results. Operating revenues rose, and profitability was on track. The demand for our solutions and services remains substantial, spanning both civilian and defence customers. We continued to build momentum by securing significant orders that position us for further growth. The demand related to sustainability and security is stronger than ever. However, it’s crucial to remember that the overall context remains serious. Amidst ongoing conflicts and global turmoil, there’s a growing recognition of the urgent need to shift resource utilization toward sustainability. At Artefaktum, we’re committed to providing solutions to address these challenges.

Our markets are experiencing substantial growth and restructuring, and our market positions have never been stronger. Recognizing the stability in our current company portfolio and the long-term demand outlook, we’ve set an ambitious goal: to triple our current revenue over the next decade. While this objective is ambitious, our commitment to evolution and adaptability makes it a realistic target.

As Artefaktum, we achieved profitable growth and signed key agreements that set the stage for continued strong development. Our strong profitability year to date demonstrates our effective scaling during this growth phase. In addition to fulfilling current commitments, we have taken steps to further increase capacity and entered into new development collaborations. Artefaktum will contribute to security and a sustainable transition.

Felix Juhl, President of the Board

Boston, December 2024