Sweden's Ovzon Q1 revenue nearly triples on higher deliveries

Ovzon AB (publ)

23/04/2026 07:14

Overview

Swedish mobile SATCOM provider's Q1 revenue nearly tripled yr/yr on higher deliveries

EBITDA rose sharply from prior year, co swung to a net profit

Company launched next-gen Ovzon T8 mobile satellite terminal after quarter end

Outlook

Company says order book of 806 MSEK provides revenue visibility

Ovzon sees strong underlying demand driven by defense investments and geopolitical developments

Company is optimistic about opportunities for new and renewed orders in the remainder of the year

Result Drivers

HIGHER DELIVERIES - Co said increased deliveries of SATCOM services and mobile satellite terminals drove revenue and profitability growth

SERVICE-BASED REVENUES - Co said a growing share of service-based revenues contributed to improved profitability

Company press release: ID:nMFN597z4H

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
SEK 260 mln
SEK 283 mln (2 Analysts)
Q1 EPS
SEK 0.62
Q1 Net Income
SEK 70 mln
Q1 EBIT
SEK 80 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy."

Wall Street's median 12-month price target for Ovzon AB (publ) is SEK71.25, about 13.8% above its April 22 closing price of SEK62.60

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 27 three months ago

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.)