Sweden's Ovzon Q2 revenue rises 48% on satellite capacity utilization, order intake falls

Ovzon AB (publ)

17/07/2026 07:10

Overview
Sweden satellite communications provider's Q2 revenue rose 48% yr/yr to 245 mln SEK
Q2 EPS after dilution rose to 0.36 SEK from 0.20 SEK a year earlier
Order intake declined as procurement cycles lengthened, but company cites strong operational execution

Outlook
Company says procurement cycles remain longer than anticipated, extending order timelines
Ovzon sees growing European defense budgets and increased demand for resilient communications

Result Drivers
SCALABILITY AND CAPACITY UTILIZATION - Co said increased satellite capacity utilization and service-based revenues drove revenue and margin growth
PROCUREMENT DELAYS - Order intake declined as some expected renewals took longer than anticipated, extending procurement cycles
NEW PRODUCT LAUNCH - Launch of Ovzon T8 mobile satellite terminal contributed to customer interest and initial orders

Company press release: ID:nMFN1G9cb0

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
SEK 245 mln
SEK 262 mln (2 Analysts)
Q2 EPS
 
SEK 0.36
 
Q2 Net Income
 
SEK 41 mln
 
Q2 EBIT
 
SEK 47 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "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 SEK69.00, about 73.5% above its July 16 closing price of SEK39.78
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 22 three months ago

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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.)