AAC Clyde Space - Starting to climb
AAC Clyde Space’s Q1 report is encouraging, with a 60% increase in sales, modestly reduced EBITDA losses and a record order backlog of SEK183m. While the effects of COVID-19 lockdown measures are likely to be apparent from Q220, we expect these to be relatively limited so far. The management team is now working to deliver the increasing backlog, with rising activity through H220. AAC Clyde remains well positioned to participate in the growth of the New Space market given its leading positions in nanosatellites and subsystems.AAC Clyde Space AB, formerly AAC Microtec AB, is a Sweden-based company, which is primarily involved in the aerospace industry. The Company operates as a provider of space solutions and systems for commercial, governmental and educational purposes on the global market through its partner network and offices in Sweden, the United States and the United Kingdom. The Company specializes in small, purpose-built satellites, as well as sub-systems and components. The Company's customers include the European Space Agency (ESA), National Aeronautics and Space Administration (NASA), Orbcomm, Kepler Communications, NSLComm, KP Labs and Orbital Micro Systems, among others.
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