Sweden's Gapwaves Q1 revenue falls 17%, losses widen amid production ramp-up

Gapwaves AB

30/04/2026 06:15

Overview

Sweden waveguide antenna maker's Q1 revenue fell 17% yr/yr amid production ramp-up transition

Q1 EBITDA loss widened to -12.3 mln SEK from -5.8 mln SEK last year

Company says transition to volume production and macroeconomic factors weighed on revenue and EBITDA

Outlook

Gapwaves expects macroeconomic uncertainty to continue impacting project-related revenues in the near term

Company anticipates production start for Valeo in China during the second quarter

Gapwaves prioritizes production scale-up in China, new market segments, and cost structure adaptation in 2026

Result Drivers

VOLUME PRODUCTION TRANSITION - Co said transition to volume manufacturing is initially weighing on revenue and EBITDA

MACROECONOMIC IMPACT - Co said macroeconomic environment is impacting project-related revenues, which is expected to persist

Company press release: ID:nMFNy3cCn

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 18.80 mln
SEK 25.10 mln (2 Analysts)
Q1 Net Income
-SEK 13.30 mln
Q1 EBIT
-SEK 14.10 mln
Q1 EBITDA
-SEK 12.30 mln


Analyst Coverage

Wall Street's median 12-month price target for Gapwaves AB is SEK24.00, about 101.7% above its April 29 closing price of SEK11.90

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)