TRESU Q3 2023 Financial Report

TRESU TRESU reaching double-digit EBITDA margin in 2024 and growing to a DKK 95m EBITDA business by 2026 TRESU financial development in DKKm (in business plan) Revenue Adj. EBITDA (IFRS) margin Adj. EBITDA (IFRS) Margin expansion driven by COGS improvements in M&U on the back of improved project execution and standardization, and SG&A scale from increased order intake 618 +17% 543 476 +8% 15% 382 359 13% 341 300 10% 6% 3% -2% 2020A 2021A 2022A 2023E 2024F 2025F 2026F 32 20 (7) 12 47 71 95 Source: Company 27

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