Denmark's GomSpace Q3 profit rises, orders double; FY outlook narrowed

GomSpace AB

Yesterday 07:28

Overview
Denmark small satellite provider's Q3 revenue grew 17% yr/yr, EBITDA increased with margin at 14%
Order intake in Q3 more than doubled from prior year
Company narrowed 2026 revenue and EBITDA margin guidance 

Outlook
GomSpace expects 2026 revenue at the lower end of SEK 540–600 mln range
Company sees 2026 EBITDA margin toward high end of 10–12% range
GomSpace targets 2030 revenue of SEK 1.6 bln and EBITDA margin above 20%

Result Drivers
ORDER INTAKE - Q3 order intake more than doubled from prior year, supporting revenue growth
INVESTMENTS - Negative free cash flow attributed to continued investment in scaling the business and supporting future growth
RECEIVABLE MANAGEMENT - Company is actively managing an outstanding receivable and repurposing products to reduce exposure

Company press release: ID:nWkr5wgPQQ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
SEK 130.4 mln
SEK 155 mln (1 Analyst)
Q3 EPS
 
SEK 0.08
 
Q3 EBIT
 
SEK 8.6 mln
 
Q3 EBITDA
 
SEK 18.6 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for GomSpace Group AB is SEK14.95, about 22.5% above its November 4 closing price of SEK12.20

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(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.)