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Ovzon AB
(OVZON)
Ovzon AB (OVZON) vs. iShares MSCI Sweden ETF (EWD)
Ovzon AB Business Overview & Revenue Model
Ovzon AB Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 735.00M | 334.00M | 290.00M | 356.99M | 191.38M |
| Gross Profit | 131.00M | 162.00M | 85.00M | 124.69M | 24.60M |
| EBITDA | 282.00M | 7.00M | -37.00M | -12.62M | -74.07M |
| Net Income | 137.00M | -162.00M | -60.00M | -36.19M | -83.85M |
Balance Sheet | |||||
| Total Assets | 2.82B | 2.77B | 2.54B | 1.92B | 1.85B |
| Cash, Cash Equivalents and Short-Term Investments | 171.00M | 126.00M | 247.00M | 275.61M | 406.08M |
| Total Debt | 436.00M | 775.00M | 657.00M | 478.05M | 323.67M |
| Total Liabilities | 1.03B | 1.18B | 765.00M | 528.85M | 403.05M |
| Stockholders Equity | 1.79B | 1.59B | 1.78B | 1.39B | 1.45B |
Cash Flow | |||||
| Free Cash Flow | 299.00M | -108.00M | -689.00M | -275.26M | -349.74M |
| Operating Cash Flow | 337.00M | 51.00M | -14.00M | -112.16M | -75.93M |
| Investing Cash Flow | -49.00M | -158.00M | -668.00M | -150.65M | -273.81M |
| Financing Cash Flow | -243.00M | -17.00M | 651.00M | 101.51M | 558.62M |
Ovzon AB Technical Analysis
Ovzon AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr14.27B | 65.85 | 21.88% | 0.87% | 5.69% | 4.82% | |
67 Neutral | kr6.58B | 48.38 | -1.33% | ― | 77.67% | 68.35% | |
66 Neutral | kr131.90B | 28.88 | 20.60% | 4.15% | 0.51% | 14.15% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | $17.11B | 81.22 | -1.23% | ― | -1.62% | 94.01% | |
54 Neutral | kr175.81B | 35.97 | 10.93% | 5.14% | -5.76% | -10.05% |
Ovzon AB Corporate Events
Ovzon AB reported a sharp improvement in profitability for 2025, with full‑year revenue more than doubling to 735 MSEK and EBITDA turning positive to 291 MSEK after breaking even the previous year. Operating profit swung to 140 MSEK from a loss, profit after tax rose to 137 MSEK, earnings per share reached 1.23 SEK, and the equity ratio strengthened, although the board proposed no dividend to support continued expansion.
Fourth‑quarter momentum was strong, with revenue climbing to 277 MSEK and order intake reaching 297 MSEK, driven by SATCOM services and mobile terminal sales. Key wins included a 58 MSEK supplementary order from Sweden’s FMV for additional mobile satellite terminals and a 240 MSEK agreement with a European NATO customer, lifting the order book to 1,025 MSEK and underlining Ovzon’s growing role in mission‑critical defense and security communications.
The most recent analyst rating on (SE:OVZON) stock is a Hold with a SEK60.00 price target. To see the full list of analyst forecasts on Ovzon AB stock, see the SE:OVZON Stock Forecast page.
Ovzon will publish its year-end report for 2025 on 19 February 2026 at 08:00 CET, followed by a webcast telephone conference at 10:00 CET led by CEO Per Norén and CFO André Löfgren. The English-language presentation, with questions also possible in Swedish via live chat, and related materials will be made available on the company’s website, underscoring Ovzon’s efforts to maintain transparency and engagement with investors around its first full year of commercial service on the Ovzon 3 satellite.
The most recent analyst rating on (SE:OVZON) stock is a Hold with a SEK60.00 price target. To see the full list of analyst forecasts on Ovzon AB stock, see the SE:OVZON Stock Forecast page.
Ovzon AB has increased its total number of shares and votes through the issuance of 764,178 C-shares during January 2026, raising its share capital by SEK 76,418. These C-shares were immediately repurchased by the company and are intended to serve the LTIP 2024 and LTIP 2025 long-term incentive programs, bringing the total number of outstanding shares to 112,294,694 and total votes to 111,606,934 at the end of January, a move that fine-tunes Ovzon’s capital structure to support employee and management incentives without materially altering control for existing shareholders.
The most recent analyst rating on (SE:OVZON) stock is a Hold with a SEK57.00 price target. To see the full list of analyst forecasts on Ovzon AB stock, see the SE:OVZON Stock Forecast page.
Ovzon AB has appointed long-time executive Martin Eriksson as its new Chief Technology Officer and member of Group Management, effective immediately, emphasizing continuity in technical leadership as the company scales its satellite communications offering. Eriksson, who has been with Ovzon since 2008 and led the design, production and launch of its first satellite as Space Systems Manager, will oversee further development of the company’s space systems and capabilities, while a streamlined five-person Group Management team and the reassignment of former executives to key technical and business development roles aim to strengthen integration, focus and support Ovzon’s profitable growth strategy.
The most recent analyst rating on (SE:OVZON) stock is a Buy with a SEK61.00 price target. To see the full list of analyst forecasts on Ovzon AB stock, see the SE:OVZON Stock Forecast page.
Ovzon AB’s board has resolved, under existing AGM authorization, to conduct a directed issue of 764,178 C-shares linked to its long-term incentive programs LTIP 2024 and LTIP 2025, all of which will be subscribed by Danske Bank at par value, immediately repurchased by Ovzon, and later converted into common shares for delivery to program participants. The transaction is designed to secure shares for employee and management incentives and to cover related social security costs, using non-dividend-bearing, low-vote C-shares, thereby supporting the company’s long-term retention and alignment strategy without materially altering its dividend obligations while modestly affecting its capital and voting structure.
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.
Ovzon has secured a 240 MSEK (approximately 25.2 MUSD) contract with a European NATO country’s defense organization for its full Ovzon 3-based SATCOM solution, including satellite network services for an initial six-month period starting in the first quarter of 2026, mobile satellite terminals and dedicated customer support. Around 60 percent of the order value relates to deliveries of Ovzon’s mobile terminals, to be rolled out progressively during 2026, underscoring rising demand for the company’s high-performance, resilient communications in contested environments and strengthening its order backlog and positioning in the European defense SATCOM market as regional collective defense efforts intensify.
The most recent analyst rating on (SE:OVZON) stock is a Hold with a SEK31.00 price target. To see the full list of analyst forecasts on Ovzon AB stock, see the SE:OVZON Stock Forecast page.
Ovzon AB has secured a supplementary order worth 58 MSEK from the Swedish Defence Materiel Administration (FMV) for its mobile satellite terminals, to be delivered in the first half of 2026. This follows a broader existing contract with FMV and underscores Ovzon’s market position as a provider of mission-critical, high-performance communication solutions, further solidifying its partnership with FMV and its role in robust, reliable communication services in challenging environments.
The most recent analyst rating on (SE:OVZON) stock is a Hold with a SEK31.00 price target. To see the full list of analyst forecasts on Ovzon AB stock, see the SE:OVZON Stock Forecast page.