Personnel service provider TEMPTON increases revenues and earnings to record level in financial year 2021

• Revenues in the 2021 financial year increase from to EUR 315^[1] million from EUR 219 million in 2020
• Adjusted EBITDA for the 2021 financial year almost doubled year-on-year to EUR 23.5^[2] million
• Best financial year in the company's history
• Further profitable growth expected for 2022
• Examination of a possible IPO

Essen, 1 March 2022 - The Tempton Group ("TEMPTON"), one of the leading and fastest-growing personnel service providers in Germany, has significantly increased its revenues and earnings in the full 2021 financial year, as well as in the fourth quarter of 2021. According to preliminary IFRS figures, the Essen-based company generated revenues of EUR 315 million in the 2021 financial year, up 43.8% on the previous year's figure (EUR 219 million). Adjusted EBITDA for the full year 2021 was EUR 23.5 million, 95.8% higher than the EBITDA of the previous year (EUR 12 million). The operating margin rose from an already excellent value of approx. 5.5%^[3] (2020) in a sector comparison to a value of approx. 7.5%^[4] (2021). 2021 was thus the best financial year in TEMPTON's 30-year history. There were no net financial liabilities^[5] as of the balance sheet date (31 December 2021).

TEMPTON also got off to a very successful start in the first quarter of 2022. For the current financial year, the management expects continued growth in revenue and earnings despite the current difficult geopolitical situation.

"The development of the past year has once again proven the sustainable growth power of our business model, which has been continuously optimised since 2014. In particular, due to the stringent positioning of our company, our continuously optimised recruitment tools, the strict focus on sales as well as an outstanding degree of digitalisation in our industry, we have, in our estimation, once again outperformed the overall market and thus sustainably expanded our position," says Dr Annett Tischendorf, Managing Shareholder of the Tempton Group. "From this basis, we will continue to drive our expansion in the coming years. Drivers of strong or even accelerating revenue growth in the future will be our continued active role in the consolidation of the fragmented market and the sustainable further development of all business segments supported by our digitalisation excellence."

With more than 9,000 employees, a large base of more than 10,000 corporate clients and more than 150,000 job applications per year, TEMPTON is one of the top 10 personnel service providers in Germany. For years, TEMPTON has also been recognised as one of the most popular employers among applicants and employees, both in the industry and in Germany in general. Under professional and modern owner management, TEMPTON has grown significantly over the past few years and has risen to the top of the industry. The high-growth and high-margin business model is based in particular on the following cornerstones:

• Focus on short- and medium-term personnel requirements
• Broad customer base across all sectors
• Broad range of qualifications and products
• Nationwide presence in Germany
• Excellence in digitalisation
• Strong employer branding
• Outstanding IT-based recruitment expertise
• High financial and investment strength
• Professional, sustainable owner management and reliability
• Sustainable ESG compliance

Against the backdrop of the current sustained positive business performance, Tempton Group's shareholders are evaluating the option of an IPO, in particular to better address future disproportionate growth opportunities. COMMERZBANK was commissioned to examine and prepare a possible IPO. In this context, the consolidated accounting at the level of Tempton Group GmbH was changed from HGB to IFRS starting with the 2019 financial year for the purpose of preparing for the possible IPO.

----
^[1] All revenue and earnings figures in this press release are consolidated IFRS figures. Preliminary and not yet audited
^[2] All adjusted EBITDA figures in this press release do not include IFRS 16 adjustments
^[3] On EBITDA basis
^[4] On adjusted EBITDA basis
^[5] Calculated on the basis of cash and cash equivalents less interest-bearing liabilities (but excluding lease liabilities according to IFRS 16)

# # #

Press contact:

Ms Christina Decker
Head of Marketing
Tempton Personnel Services GmbH
Schürmannstrasse 24
45136 Essen
Phone: +49 201 89479-48
Mail: Christina.Decker@Tempton.de

About TEMPTON:

TEMPTON, headquartered in Essen, is one of the leading and fastest-growing personnel service providers in Germany. Every day, more than 10,000 companies rely on us to support them with suitable employees from almost all sectors. These include industrial-technical helpers, skilled helpers and skilled workers as well as commercial staff, certified nursing staff, IT experts, airport personnel, engineers and interim managers.

Our service portfolio sets us apart from other personnel service providers. Because beyond employee leasing, we offer our customers almost all services for the right personnel. The takeover of personnel, direct placement, the recruiting of personnel as well as the provision of experts on a temporary basis or our master vendor solution are some of them. In addition to offering comprehensive staffing solutions, TEMPTON specialises in outsourcing entire processes and offers various technical services in Tempton Technik.

In 2007, TEMPTON was formed from a merger of medium-sized personnel service companies and thus combines the expertise of several decades. Today, Tempton has more than 9,000 employees throughout Germany, who work for a wide range of companies from around 140 branches throughout Germany - from small and medium-sized companies and businesses to well-known, large companies and corporations.

TEMPTON is listed with a bond on the Open Market of the Frankfurt Stock Exchange under WKN A3MP7A and on the Nordic ABM of Oslo Børs under ISIN NO0011129496.