Tekna reports 52% increase in 2023 revenue

May 7, 2024

Tekna Holding ASA, Sherbrooke, Quebec, Canada, has published its 2023 Annual Report and Sustainability Report. Full-year 2023 figures showed a 52% increase in revenues from CA $26.9 million in 2022 to CA $40.9 million in 2023. The company reported an improvement of CA $8.7 million in adjusted EBITDA, with a final EBITDA of negative CA $4.1 million.

The company secured significant new orders during the year for both the Systems and Additive Manufacturing businesses, indicating sustained demand for Tekna’s material solutions in the market. This was said to be reflected in the total order backlog of CA $24 million at the end of 2023.

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“As we reflect on the past year, I am filled with pride and gratitude for what we have achieved together at Tekna Holding ASA,” shared Luc Dionne, CEO. “Our 2023 has been marked by remarkable growth, strategic advancements, and steadfast commitment towards clearly expressed goals. I am thrilled to share these accomplishments as we now set the stage for our continued success in 2024.”

Read the full report, here.


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