GomSpace Group (GOMX) Investor update summary

Key milestones and industry trends

• Industry interest is surging, driven by major IPOs and increased investor attention, especially in the space and defense sectors.

• New business unit structure implemented, focusing on products, satellite systems, and national/defense solutions.

• Multiple deals closed in advanced missions, including RAMSES and VLEO consortium participation.

• Significant contracts secured, such as with Unseenlabs and large kit sales, reflecting a trend toward enabling customer self-builds.

• Product segment shows strong profitability and is central to scaling and competitiveness.

Pipeline and scaling strategy

• Pipeline is growing globally, with notable traction in defense and government-driven solutions.

• Orders from Nordic defense contractors and ongoing opportunities in regions like Ukraine and Indonesia.

• Scaling is managed through hiring, partnerships, and maintaining operational efficiency rather than rapid factory expansion.

• Current setup can absorb large orders, such as the SEK 650 million Indonesia contract, without major extra costs.

• Flexibility in production, with options for local assembly in government contracts and space for expansion in Aalborg.

Financial guidance and outlook

• Guidance maintained at 30% revenue growth, 5%-12% EBITDA margin, and positive operational cash flow.

• Order intake for the second quarter is strong, with SEK 100-110 million announced and additional smaller orders unannounced.

• Large orders could provide upside to guidance, but timing impacts revenue recognition.

• Product business provides short delivery times and rolling visibility, supporting confidence in guidance.