Jensen-Group: JENSEN N : GROUP sets a new milestone in order intake, driving record revenue and profit growth

Regulated information - Annual results 2024 Confidential until March 6, 2025 - 17.40 CET Press Release JENSEN-GROUP sets a new milestone in order intake, driving record revenue and profit growth HIGHLIGHTS (in thousands of euro) Order intake Revenue Operating profit (EBIT) YTD Q4 2024 517,266 453,166 50,737 Q4 2024 157,249 118,348 12,817 Q3 2024 118,527 107,503 13,135 Q2 2024 126,551 118,188 13,616 Q1 2024 114,939 109,127 11,169 The order intake in 2024 represents an amount of 517.3 MEUR (+42%), surpassing the half-billion mark for the first time. JENSEN-GROUP's revenue of the fourth quarter amounts to 118.3 MEUR , resulting in a record annual revenue of 453.2 MEUR (+13%). The operating profit (EBIT) amounts to 50.7 MEUR , compared to 40.7 million euro in 2023, marking a growth of 25%. Consequently, the EBITDA amounts to 63.0 MEUR , representing a 30% increase compared to previous year. The consolidated result attributable to equity holders lead to an Earnings per Share of 4.31 euro, an increase of 27% in comparison to 3.39 euro per end of December 2023. The Board will propose at the Annual Shareholders' meeting on May 20, 2025, to approve a gross dividend of 1.00 euro per share . Subject to this approval the share will trade ex- coupon as of May 26, 2025 and the dividend will be payable as from May 28, 2025 at the counters of KBC bank. 1 State of the business 2024 In 2024, JENSEN-GROUP reached unprecedented milestones, setting new benchmarks in operational and financial performance. Total order intake in 2024 reached 517.3 million euro , surpassing the half-billion mark for the first time. Combined with a strong order book at the start of the year, the order intake propelled our revenue to an all-time high of 453.2 million euro in 2024 and forms a strong basis for 2025. Our track record of sustained growth provides proof of effective resource allocation and focused capital investments in the past two years. In 2023 we acquired the Ole Almeborg facilities in Denmark to further extend our manufacturing base, while expanding our production facility in China through the purchase of a large facility adjacent to our factory. In addition, we stepped up our investments in innovation capabilities for AI and robotics at Inwatec in Denmark. Furthermore, the acquisition of a 49% stake in Inax Corporation, in April 2023, a leading Japanese player in the laundry equipment sector, significantly enhanced our market position. In 2024, we further enhanced our strategic portfolio by the acquisition of MAXI-PRESS in July 2024, a market leader in press cushions and consumables for the heavy-duty laundry industry. Our EBIT for 2024 rose to 50.7 million euro from 40.7 million euro in 2023, which represents robust growth of 25%. The contribution of JENSEN-GROUP's earnings from TOLON and Inax increased to 3.9 million euro from 2.1 million euro, despite the adverse impact of 0.6 million euro from hyperinflation accounting on TOLON's Turkish operations. Due to higher pre-tax profits, the Group's tax charges increased from 10.5 million euro to 13.0 million euro, while maintaining a stable effective tax rate. These developments culminated in a rise in net profit from 31.0 million euro to 41.2 million euro as at December 31, 2024. Reflecting the increase in operating activities, our working capital rose from 152.0 million euro to 180.6 million euro by the end of 2024. The Group is reporting a net financial cash position of 3.1 million euro , inclusive of 8.3 million euro in leasing debt, compared to 36 million euro at the end of 2023. This decrease is largely due to the acquisition of an 85% stake in MAXI-PRESS, financed through cash and additional borrowings amounting to 20 million euro as at December 2024. As a result, net financial charges increased from 1.0 million euro to 2.2 million euro. This is mainly because of the additional borrowings but is offset by repayments made. Our borrowing agreements remain favorable, with no financial covenants attached. 2 Outlook The Group's aim for 2025 is to stay on its strategic course and continue to solidify its market position and profitability by taking full advantage of the robust order book and project pipeline at the start of the year and by relentlessly focusing on commercial and industrial excellence in execution. The Group will continue to drive customer centricity and sustainable innovation by developing new products and services while further enhancing the optimization and digitalization of business processes and applications. Risk factors to be taken into account for 2025 include the uncertainty regarding overall political and socio-economic climate, the evolution and effect of trade tariffs, the impact of geopolitical and military threats, travel restrictions across the world in the event of a new pandemic emerging, a slowing-down of demand due to an economic recession in our key markets, our customers' ability to access financing when confronted with higher interest rates, the fluctuating availability of raw materials, energy and transportation costs, exchange rate volatility, and competitive pressures. Share buy-back program The Bylaws of the Company allow to purchase of own shares. At its meeting per March 10, 2022, the Board of Directors decided to implement a program to buy back a maximum of 781,900 or 10% of its own shares. As per March 9, 2023, 113,873 shares were bought back at an average price of 30.07 euro for a total amount of 3.4 million euro. In view of the transaction with Miura, the JENSEN -GROUP suspended its buy-back program. During the extra-ordinary shareholders' meeting of May 16, 2023, the shareholders voted on the cancellation of the 113,873 treasury shares. On August 10, 2023, the program was re-launched to buy back the remaining 668,027 shares. As at December 31 2024, 146,793 shares have been bought back at an average price of 35.86 euro for a total amount of 5.3 million euro. 3 Key figures Financial year ended December 31 December 31 Variance (in thousands of euro) 2024 2023 % Revenue 453,166 400,121 13% Operating profit (EBIT) 50,737 40,743 25% EBITDA 63,046 48,376 30% Net interest charges (+) / income (-) -771 -341 126% Share in result of associates and companies consolidated 3,938 2,141 84% under equity method Profit before taxes 52,498 41,926 25% Profit for the period from continuing operations 39,433 31,432 25% Result from assets held for sale -108 -124 -13% Result attributable to non-controlling interest -1,737 277 -727% Consolidated result attributable to equity holders 41,170 31,031 33% Added value 195,348 166,862 17% Net cash flow 53,479 38,664 38% Equity 282,560 262,142 8% Net financial debt (+) / net cash (-) -3,093 -35,873 -91% Working capital 180,636 151,964 19% Non-current assets (NCA) 105,683 69,877 51% Capital employed (CE) 286,320 221,842 29% Market capitalization (high) 436,080 322,092 35% Market capitalization (low) 307,260 244,314 26% Market capitalization (average) 375,964 289,425 30% Market capitalization (December 31) 409,735 319,261 28% Entreprise value (December 31) (EV) 406,642 283,388 43% RATIOS EBIT / Revenue 11.20% 10.18% 10% EBITDA / Revenue 13.91% 12.09% 15% ROCE (EBIT / CE) 19.97% 19.81% 1% ROE (Net profit / equity) 15.12% 14.34% 5% Gearing (Net debt(+) net cash (-)/ equity) EBITDA interest coverage -81.77 -141.87 -42% Net financial debt (+) or net cash (-)/ EBITDA -0.31 -0.49 -37% Working capital / revenue 36.70% 34.97% 5% EV/EBITDA (December 31) 5.47 4.94 11% Key figures per share Financial year ended December 31 December 31 Variance (in euro) 2024 2023 % EBITDA 6.61 5.29 25% Consolidated result attributable to equity holders (= 4.31 3.39 27% earnings per share) Net cash flow 5.60 4.23 32% Equity (= book value) 29.79 27.26 9% Gross dividend 0.75 0.50 50% Number of shares outstanding (average) 9,542,241 9,150,330 4% Number of shares outstanding (year-end) 9,484,615 9,616,286 -1% Share price (high) 45.70 35.20 30% Share price (low) 32.20 26.70 21% Share price (average) 39.40 31.63 25% Share price (December 31) 43.20 33.20 30% Price/earnings (high) 10.60 10.40 2% Price/earnings (low) 7.50 7.90 -5% Price/earnings (average) 9.10 9.30 -2% Price/earnings (December 31) 10.00 9.80 2% 4 Consolidated statement of profit and loss (in thousands of euro) December 31 December 31 2024 2023 Revenue 453,166 400,121 Raw material expenses -202,886 -188,928 Services and other goods -56,145 -45,772 Employee benefit expenses -132,302 -118,486 Depreciation and amortisation expense -8,888 -5,995 Impairments, write-downs, and provisions -3,421 -1,638 Total expenses -403,642 -360,819 Other operating income 1,406 1,797 Other operating expenses -193 -356 Operating profit (EBIT) 50,737 40,743 Interest income 2,577 1,994 Other financial income 1,749 1,703 Financial income 4,326 3,697 Interest charges -1,806 -1,653 Other financial charges -4,697 -3,002 Financial charges -6,503 -4,655 Share in result of associates and companies accounted for 3,938 2,141 using the equity method Profit before tax 52,498 41,926 Income tax expense -12,957 -10,494 Profit / (loss) for the period from assets held for sale -108 -124 Profit for the period from continuing operations 39,433 31,308 Profit / (loss) for the period from discontinued operations Consolidated profit for the year 39,433 31,308 Result attributable to non-controlling interests -1,737 277 Result attributable to equity holders 41,170 31,031 Basic and diluted earnings per share (in euro) Weighted average number of shares 4.31 3.39 9,542,241 9,150,330 5 Consolidated statement of comprehensive income December 31 December 31 (in thousands of euro) 2024 2023 Consolidated profit for the year 39.433 31.308 Items that may be subsequently reclassified to profit or loss Financial instruments Currency translation differences related to associates and companies accounted for using the equity method Currency translation differences - other Items that will not be reclassified to profit or loss Remeasurements gains/(losses) on