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AAC Microtec (AAC)

Business description

Based in Sweden, ÅAC Microtec is a world leader in small satellite end-to-end solutions following the January 2018 merger with Clyde Space in Scotland. Both companies supply a range of technology components to larger satellite manufacturers globally.

Stock data

Market cap.SEK278.7m
Last closeSEK4.06
High / Low (52 weeks)SEK9.8 / SEK3.4
Stock market listingOMX
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
SectorAerospace & Defence

Price performance

Relative *1.7(14.3)(61.2)

* % Relative to local index

Other companies in sector Show

Investment summary

Following its acquisition of Clyde Space earlier this year, ÅAC appears to have made solid progress in H118. Sales have expanded for the ongoing businesses and the order intake for the whole group looks encouraging. Satellites are being delivered for deployment in H218 and orders for a number of demonstration projects have been received. A global leader in small satellites, it supplies fully integrated missions and platforms as well as subsystems/components to third-party satellite builders and operators. As such, ÅAC remains well positioned to participate in the expected rapid growth of the market over the next decade.

Last updated on 23/08/2018

Latest research

On the launchpad

QuickView | Aerospace & Defence | 23/08/2018

Space to grow

Initiation | Aerospace & Defence | 29/05/2018

Small but potential to disrupt

QuickView | Aerospace & Defence | 08/05/2018

Latest video

Executive interview- AAC Microtec

Key management

Alfonso Barreiro, CEO
Mats Thideman, CFO

Company address

Uppsala Science Park
Dag Hammarskjölds väg 48, Uppsala
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