Aspocomp Group (ACG1V) Q1 2026 earnings summary

Executive summary

• Revenue/net sales for Q1 2026 declined 6% year-over-year to €9.7 million, mainly due to supply chain disruptions from a supplier bankruptcy and continued delivery of low-margin legacy orders.

• Profitability was impacted by low-margin orders and an €80,000 write-down related to a failed 2020 investment.

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

• Oulu factory investment program is progressing as planned, with capacity expansion ongoing.

Financial highlights

• Q1 2026 revenue/net sales was €9.7 million, down from €10.3 million year-over-year (-6%).

• EBIT was €0.2 million (2.2% margin), down from €0.8 million (8.0%).

• EPS was €0.02, compared to €0.10 in Q1 2025.

• Operating cash flow was €0.7 million, down from €1.8 million.

• Orders received grew 7% to €12.2 million; order backlog rose 12% to €23.5 million.

Outlook and guidance

• Demand for products expected to remain strong in 2026, especially in defense and semiconductor markets.

• Full-year 2026 revenue and operating profit are projected to increase compared to 2025 (€38.2 million revenue, €0.9 million EBIT in 2025).

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