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49                                                                                       EMPLOYEES, FTE                               -24%

      growth and acquisitions. We stand on solid ground                                2,220
      and can invest in organic growth and strategic acqui-
      sitions without jeopardising our financial stability.                            2024                                           2,220
      Our focus is on acquiring companies with high mar-                               2023                                           2,903
      gins and strong tech expertise, strengthening our
      position as a leading player in digital transformation                           ANNUAL GROWTH R ATE
      and automation.
                                                                                       -17 %                           -3 %
          For us, long-term thinking is not just about
      financial success but also about contributing to                                 Total, 2023-2024                  CAGR total,
      societal development through our solutions, the                                                                     2019-2024
      expertise of our employees, and our commitment to
      local community initiatives. Entrepreneurship and                                   -3 %                                        MSEK
      long-term thinking are therefore not just words for
      us – they are an integral part of how we are building                                      CAGR organic,
      PION Group for the future.                                                                    2019-2024

      THE YEAR IN BRIEF                                                                REVENUE 2020-2024
      The first half of 2024 presented significantly greater
      challenges than the previous year, with a 20 percent                                                      2,086  2,020
      revenue decrease, which is slightly less than the
      industry average. Demand remains weak due to the                                        1,900
      economic climate, but we continue to streamline
      and reduce our costs. This is happening alongside                                                                               1,670
      increased sales pressure and a strong focus on
      building a modern and efficient platform to capture                              1,463
      new market shares and accelerate growth once the
      economy strengthens.

          GROUP CEO

      Martin Hansson
      martin.hansson@piongroup.se

          WEB

      piongroup.se

         PION Group is a publicly listed company on the Nasdaq Stockholm Small
         Cap stock exchange. PION has not provided any financial forecasts for 2024,
         nor has Danir drawn up any forecasts. The figures showing the number of
         employees represent the actual average as of Q3 2024. The revenue figure for
         2024 is the actual revenue up to September 2024, extrapolated to cover the
         entire financial year.

                                                                                       2020   2021              2022   2023           2024
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