AAC Microtec

OMX: AAC

SEK278.7m market cap

SEK4.06 last close

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.

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.

Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual 6.7 (9.1) (59.9)
Relative* 1.7 (14.3) (61.2)
52-week high/low SEK9.8/SEK3.4
*% relative to local index
Key management
Alfonso Barreiro CEO
Mats Thideman CFO