#Sweden #Stockholm #satellite communication #GomSpace #Q1 2026

GomSpace Reports Strong Q1 Performance with 43% Revenue Growth

GomSpace, a leading player in the small satellite solutions market, showcased a solid financial performance in the first quarter of 2026, highlighting its position in the competitive landscape of satellite communication. The company recorded significant achievements that reflect its robust operational strategy and growth trajectory.

Financial Highlights:

The financial report for Q1 indicates a remarkable 43% increase in revenue, rising to 126,748 T.SEK, compared to 88,803 T.SEK during the same period a year prior. This impressive growth aligns with the company's trajectory of over 70% revenue growth year-on-year as it thrives in a rapidly changing market.

Order Intake: GomSpace experienced a staggering 104% uptick in order intake, reaching 116,986 T.SEK, thus showcasing a strong demand for its offerings in the satellite sector.
EBITDA Performance: The company also reported a 29% rise in EBITDA, now at 11,222 T.SEK, evidencing operational efficiency and solid financial health.
Operating Profit: Operating profit (EBIT) saw a substantial increase, climbing to 2,505 T.SEK from 795 T.SEK, marking a pivotal accomplishment for the firm.
Net Profit: Furthermore, a net profit of 20 million SEK corroborates the positive operational momentum, partially attributed to financial income related to share value compensations.

Strategic Movements:

CEO Carsten Drachmann remarked, "The solid performance in Q1 is in line with our expectations and validates our long-term business model. We are excited to enter into this new chapter of 2026 with significant operational achievements and robust revenue growth compared to last year."

The establishment of a joint venture in Ukraine represents a key strategic step for GomSpace. Partnering with STETMAN, this initiative aims to provide sovereign satellite communication capabilities. With backing from financial institutions and the European Commission, this joint venture illustrates GomSpace's commitment to expanding its reach and fulfilling the rising demand for satellite technology in various regions.

Looking Ahead:

As the first quarter unfolds, GomSpace is set to launch a satellite in autumn 2026, which will serve as a significant validation for establishing larger satellite networks. This exciting initiative not only shows GomSpace's innovative approaches to satellite communication but also underscores its adaptability in meeting market demands.

Future Engagements:

GomSpace’s upcoming trading statement will delve deeper into its Q1 results, further illuminating its strategic goals and expected growth paths. Interested parties can find this information and stay updated through their homepage and scheduled webinars.

The company's future is bright as it continues to redefine the satellite solution landscape, ensuring lighter, smarter, and more efficient access to space. With operations spread across Denmark, Luxembourg, France, and the U.S., GomSpace is rapidly positioning itself as a global leader in its domain.

For further details regarding investor relations and corporate affairs, stakeholders are encouraged to reach out to Anne Breüner, Head of Corporate Affairs.

Conclusion:

In conclusion, GomSpace’s Q1 results and strategic initiatives reflect a decisive forward momentum amidst challenges in the market. As it navigates through this transformative period, the company is well-poised to sustain its trajectory of success, further elevating its stature in the realm of satellite communications.