Ovzon är verksamt inom satellit- och rymdteknikbranschen och fokuserar på utveckling och tillverkning av satellitsystem och tjänster för kommunikation. Bolagets kunder återfinns inom försvar, polis och räddningstjänster, media, och icke-statliga organisationer. Verksamheten är global med en huvusaklig närvaro i Europa, Nordamerika och Asien. Ovzon grundades år 2006 och har sitt huvudkontor i Solna.
* Strong sales figure, but EBIT shortfall on rising opex * We cut '26e/'27e/'28e EBIT by 9%/2%/1% due to higher costs * Order activity has recently increased, 15x '26e EV/EBIT Q2 sales in line, but higher costs than expected Q2 sales broadly met our ...
* Sales +48% y-o-y, in line with cons * EBIT 28% below, partly due to SEK 6m one-offs (adj. -18%) * Cons to cut '26e EBIT by ~5% on lower GMs, share down similarly Q2 results Sales SEK 245m (-1% vs ABGSCe 246m and 0% vs cons 246m), EBIT 47m (-31% vs ...
* Strong Q2e, but more orders are needed... * ...and we expect them to come * 15x '26e EV/EBIT Q2e largely similar to Q1 We expect Q2 to be broadly similar to Q1, with the main difference being an increased contribution from the EU NATO customer (which...
* Renewed SEK 74m order with EU NATO customer (Ovzon-3 related) * 100% SATCOM (5-months); deliveries start 1 Aug'26 * Supports our estimates; potential for more orders A welcomed order announcement Ovzon has signed a SEK 74m renewal order from the defence...
* Strong Q1, but orders muted in seasonally slow Q1 * Small EBIT revisions * We expect more orders ahead; 19x '26e EV/EBIT Strong quarter, but muted orders – as expected In terms of sales and earnings, Ovzon started 2026 with another strong quarter, ...
* Sales +189% y-o-y on recent orders; -2%/-8% vs. ABG/cons * EBIT was -1% vs. ABG and -9% vs. cons * Expect cons to make small revisions, share in line with the market Q1 results Sales SEK 277m (18% vs ABGSCe 234m and 16% vs cons 239m), adj. EBIT 74m...