FIRST QUARTER OF 2024 (2023)
- Order intake increased to T.
SEK 57,112 (33,454) -
Net revenue is T.
SEK 50,162 (78,150) -
Free cashflow this quarter is T.
SEK -12,053 (-42,406) -
Operating profit (EBIT) decreased to negative T.
SEK -22,199 (negative 14,078) -
Earnings per share were negative
SEK 0.18 (negativeSEK 0.24 )
A full half-year report will be delivered on
Q3 Trading Statement will be moved up 4 weeks from
COMMENTS FROM THE CEO
The start of a new year is an excellent time for making changes. I'm pleased to introduce our new Trading Statement, which provides our investors with valuable insights in a more concise and efficient manner. Beginning with Q3 2024, future Q1 and Q3 market updates will be released within 4-5 weeks of the closing. In addition to delivering the required trading update data, we will continue to share our order backlog development, now with insights into the dynamics of our new business units--Products, Programs, and
The first quarter reflects the positive impact of the measures taken in 2023 to right-size our business. We now have significantly better cash flow compared to the same period last year. While it was not as strong as the Q4 2023 cash flow, I'm pleased to see it remains within a manageable range, thanks to our improved cost structure.
Our path to greater profitability involves building our Products business with a healthy contribution, gaining momentum in
To respond to market demand and seize growth opportunities, we are expanding into the micro satellite market following a significant order from Unseenlabs on
Overall, we maintain our guidance for positive free cash flow in the second half of 2024. Additionally, we remain on track to provide an update on the
For more information, please contact:
Anne Breüner (Head of Corporate Affairs)
Tel: +45 40 200 192
E-mail: anbr @ gomspace.com
About
The company's business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in
Miscellaneous
This information is information that
https://news.cision.com/gomspace-a-s/r/gomspace-q1-2024-trading-statement,c3983365
https://mb.cision.com/Main/14387/3983365/2803799.pdf
https://mb.cision.com/Public/14387/3983365/ab903da8d599d51d.pdf
https://news.cision.com/gomspace-a-s/i/financial-concept-photo,c3301541
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