GomSpace Group AB Reports Strong Q1 2025 Performance

GomSpace Group AB, a Swedish industrial company specializing in satellite products and solutions, has reported a robust financial performance for the first quarter of 2025. The company, listed on the Swedish Stock Exchange, saw a significant increase in revenue and achieved a positive net profit, marking a strong start to the year.

Financial Highlights

  • Revenue Growth: GomSpace’s revenue surged by 76.9% to SEK 88.8 million, up from SEK 50.2 million in the same period last year.
  • EBITDA: The adjusted EBITDA rose to SEK 11.3 million, despite a decrease of 16.6% from the previous year, with an adjusted EBITDA margin of 12.7%.
  • Operating Profit: The operating profit (EBIT) increased to SEK 796,000, a decrease of 22.2% year-over-year.
  • Net Profit: The company reported a net profit of SEK 1.3 million, down 25.1% from the previous year.
  • Earnings Per Share: Earnings per share were SEK 0.01, compared to a negative SEK 0.18 in the previous year.
  • Order Intake: Order intake was SEK 57.4 million, a slight increase of 0.5% from the previous year.

Strategic Developments

GomSpace’s CEO, Carsten Drachmann, highlighted the positive results as a testament to the company’s effective strategy and a move towards sustainable profitability. The company has also announced a direct share issue of SEK 196 million to its main shareholder, the Hargreaves Family. This move is aimed at capitalizing on the recent increase in European defense budgets and spending.

Future Outlook

GomSpace reiterated its 2025 guidance, projecting revenue in the range of SEK 320-380 million, with an EBITDA margin between -2% and +10%. A full half-year report is scheduled for release on August 27, 2025.

Upcoming Events

GomSpace will present its Q1 2025 trading statement on May 7, 2025, at 13:00, with CEO Carsten Drachmann leading the presentation and Q&A session. Stakeholders and interested parties are encouraged to sign up for the event and submit questions in advance.

Overall, GomSpace’s strong performance in Q1 2025 reflects its strategic positioning and operational efficiency in the aerospace and defense sector.