ARENDAL, NO / SHERBROOKE, QC. 10 April 2025 - Tekna (OSE: TEKNA), a
world-leading provider of advanced materials to industry, today published its
2024 Annual Report.
Enclosed is a pdf version of the 2024 Annual Report for Tekna Holding ASA. The
Annual Report contains the Sustainability Report for 2024, including Carbon
Accounting, EU Taxonomy and Human Rights and Transparency.
The Annual Report is available on our website, www.tekna.com (Investor Relations
section). The company publishes its annual financial statements also in European
Single Electronic Format (ESEF), available as an attachment to this release.
Luc Dionne, CEO of Tekna, commented:
"I am pleased to present Tekna's Annual Report for 2024. As we conclude the
year, Tekna has made significant progress despite a challenging market, driven
by resilience and adaptability. Key achievements include improving cash flow
from operations through effective management of working capital and a favorable
litigation settlement. We focused on continuous improvement, executing
cost-reduction initiatives and restructuring the management team to boost
transparency and performance. Our Systems product line maintained strong
efficiency and margins despite a revenue drop while Materials saw growth in
medical, aerospace, and consumer electronics. We entered the new year with
confidence, healthy and with an improving backlog for Materials and good
prospects for Systems."
And he continued about sustainability: "At Tekna, we remain committed to
sustainability and are proud to share that our energy intensity per kilogram
produced has improved to 12.1 kWh/kg (12.4), down from 16.3 kWh/kg in the 2019
baseline. For the first time, we have completed a comprehensive greenhouse gas
assessment, which includes all material scope 3 emissions. This assessment
provides us with valuable insights to prioritize our reduction efforts moving
forward. Our goal to reduce scope 1 and 2 emissions by 50% by 2030 remains
firmly in place. Our vision is to advance the world with sustainable material
solutions, one particle at a time."