AAC Clyde Space (AAC) Guidance summary

Opening remarks and agenda

• Presentation focused on updated forecasts following the EPS-Sterna contract signing with OHB, ESA, and EUMETSAT.

Guidance on key objectives

• Updated net sales forecast for 2026 set between SEK 440 million and SEK 510 million, with an EBITDA margin of approximately 10% and positive operational cash flow.

• Strong order backlog of SEK 1.1 billion at the end of March 2026 underpins confidence in meeting forecasts.

• Growth in Products & Missions driven by the Sterna order, with continued investment in Data & Services.

Market trends and strategic opportunities

• Data & Services expected to deliver higher margins in the future, with current investments in satellite constellations and infrastructure.

• AI and the increasing value of data present significant growth opportunities.

• Recurring data contracts aim to provide a more stable revenue baseline compared to lumpy hardware contracts.

• Order backlog reached approximately SEK 1.1 billion as of 31 March 2026, supported by the largest order to date and a strong order pipeline.