Season’s Greeting from Niels Aage Kjær

The year 2022 has been tough. Many factors have had an impact on both our business and personal life. Despite the challenges, we achieved a fantastic result. We were supportingour customers by deliveringhigh quality products to promote sustainable development across all of our business sectors without making any compromises.

I would like to take this opportunity to thank our customers and business partners for their trust in us and for a very successful collaboration in 2022.

We achieved our best annual performance in 2022! The motivating growth are coming from three of our business units: AVK Water, AVK Industrial, and AVK Advanced Manufacturing. Our strong growth is the result of our long-term strategy and substantial investments in the operations, processes, products, business sectors, and organization.

In 2022, we also increased the number of employees by 300 and we are a total of 4,886 employees worldwide. This year’s result would not have been possible without you, our dedicated employees, who cared for our customers, partners and each other in difficult times. This is true team spirit. Every person across the company is part of our great team and contributes to our journey of growth. I would like to thank each of you personally and on behalf of our management team. Thank you for your commitment and your effort.

We anticipate that 2023 will be a challenging year. However, we are well prepared for it. We anticipate growth from our primary business areas. Quality, innovation, reliability, sustainability and customer service will be the guiding principles for our ongoing development and investments in our operations, processes, products, business areas, and employees.

Now it is time take some time off and relax. I hope each of you can spend some time with the people dearest to you.

I wish you all and your families a Merry Christmas and a Happy New Year 2023. And to all of you who do not celebrate, I wish you a peaceful time. I look forward to our collaboration next year.

Best Regards,

Niels Aage Kjær, CEO & Owner, the AVK Group