Aspocomp Group (ACG1V) investor relations material

Executive summary

• Net sales for Q1 2026 decreased by 6% year-over-year to EUR 9.7 million, primarily due to supply chain disruptions from an equipment supplier bankruptcy and continued delivery of low-margin orders from 2024.

• Operating result dropped to EUR 0.2 million (2.2% margin), down from EUR 0.8 million (8.0% margin) in Q1 2025.

• Orders received increased by 7% to EUR 12.2 million, and the order book reached a record EUR 23.5 million, up 12% year-over-year, with strong demand in defense and semiconductor sectors.

• Investments in Q1 2026 totaled EUR 1.8 million, mainly for capacity expansion at the Oulu plant.

Financial highlights

• EBITDA for Q1 2026 was EUR 0.6 million, down 49% from EUR 1.2 million in Q1 2025.

• Earnings per share fell to EUR 0.02 from EUR 0.10 year-over-year.

• Cash flow from operations was EUR 0.7 million, compared to EUR 1.8 million in Q1 2025.

• Cash and cash equivalents at period end were EUR 2.2 million, up from EUR 1.7 million a year earlier.

• Equity ratio improved to 63.9% from 55.1% year-over-year.

Outlook and guidance

• 2026 outlook unchanged: net sales and operating result expected to grow compared to 2025, driven by strong demand in defense and semiconductor markets.

• Investment program at Oulu plant progressing on schedule, with new capacity to be commissioned in phases through 2027.