AAC Clyde Space - Strong growth anticipated in New Space
FY19 proved to be a more challenging year than management expected originally. Encouragingly, order intake reached record levels and FY20 has started strongly. The project delays and resourcing issues now appear to have been addressed. Management expects strong revenue growth and a reduced EBITDA loss in FY20, with a positive result and free cash inflow in FY21. The new executive team are clearly focused on a robust delivery of the innovative solutions driving an increasingly high quality backlog.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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