Terminating coverage

ABGSC ceases coverage of Gomspace due to the end of the contractual period. Our last published estimates are shown in this report.

Transformation process ongoing

Q2 numbers reflect transformation process with e.g. unprofitable contracts having been cut. Guidance reiterated and focus remains on continued execution.

Q2 focus to be on continued execution

We expect Q2 to be solid, with revenues of SEK 63m. FCF guidance should be reiterated as the company continues to execute on its strategy.

Strong focus on profitability and cash

Solid Q1 with sales of SEK 78m (flat y-o-y). Guidance model changed, in line with profitability focus. Company now expects FCF to be positive in H2'24.

Improved path to profitability

Share issue expected to lead to a more stable company, with the brand, technology, and underlying market remaining strong. ABGSC scenario-based fair value range of SEK 1-35 per share

RIghts issue moving ahead