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Ovzon operates in the satellite and space technology industry and focuses on the development and manufacture of satellite systems and services for communications. The company's customers are found in defense, police and emergency services, media, and non-governmental organizations. The operations are global with a main presence in Europe, North America and Asia. Ovzon was founded in 2006 and is headquartered in Solna, Sweden.
* Sequential sales decline, but order activity has improved * We cut '26e-'28e EBIT by 11-8% on lower sales assumptions * 16-13x '26e-'27e EV/EBIT Sequential sales decline We expect Q3 to see a sequential decline in sales, as Ovzon has not been able ...
* New 12m SEK 90m order from a new US gov customer * SEK 84m SATCOM service, SEK 6m terminals * Key positives: supports estimates, first new US customer on Ovzon-3 A new customer, not a renewal Ovzon has received a SEK 90m (USD 9.1m) order for its integrated...
* 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...