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Ovzon AB ( (SE:OVZON) ) has shared an update.
Ovzon AB has signed a facilities agreement with Danske Bank to refinance its existing loan, which will reduce interest expenses and support future growth. The agreement includes a 300 MSEK term loan and a 300 MSEK revolving credit facility, expected to reduce annual interest expenses by approximately 70 MSEK, enhancing Ovzon’s financial performance and market outlook.
The most recent analyst rating on (SE:OVZON) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on Ovzon AB stock, see the SE:OVZON Stock Forecast page.
More about Ovzon AB
Ovzon offers integrated mobile satellite communications services globally, known as SATCOM-as-a-Service. Their services cater to sectors requiring high performance and mobility, such as Defense, National Security, and Public Safety. Ovzon operates offices in Sweden and the USA and is listed on Nasdaq Stockholm Small Cap.
Average Trading Volume: 679,102
Technical Sentiment Signal: Buy
Current Market Cap: SEK4.1B
See more data about OVZON stock on TipRanks’ Stock Analysis page.