Danish Aerospace Company (DAC) H1 2024 earnings summary

Executive summary

• Danish Aerospace Company A/S reported interim results for 1 January–30 June 2024, showing a net loss of DKK 1.9 million, a wider loss compared to the same period last year.

• Revenue for the period was DKK 9.6 million, slightly down from DKK 9.9 million year-over-year.

• The company continues to focus on developing medical monitoring and exercise equipment for space and extreme environments.

Financial highlights

• Revenue decreased to DKK 9.6 million from DKK 9.9 million year-over-year.

• EBITDA was negative DKK 1.7 million, down from negative DKK 0.4 million in the prior year.

• Net loss widened to DKK 1.9 million from DKK 1.0 million year-over-year.

• Gross profit fell to DKK 6.5 million from DKK 7.6 million year-over-year.

• Cash flow from operating activities improved to DKK 0.6 million from negative DKK 8.3 million year-over-year.

Outlook and guidance

• Development projects are progressing as planned, with expectations to complete within 1–2 years and target sales to ESA, NASA, and commercial aerospace companies.