Interim report
Page 1
THIRD QUARTER OF 2021 Order intake decreased to T.SEK 43,034 ( 136,472 ) Net revenues increased to T.SEK 49,700 ( 39,136 ) ● Gross margin decreased to 20 % ( 24 % ) ● ● ● Operating profit ( loss ) were a negative T.SEK 7,240 ( a negative 7,234 ) GOMSPACE 1 JULY 30 SEPTEMBER 2021 AND 1 JANUARY - 30 SEPTEMBER 2021 ▪ Earnings per share were a negative SEK 0.14 ( a negative 0.14 ) FINANCIAL SUMMARY T.SEK Orders received Net revenue Gross profit Gross margin Operating profit ( loss ) - As a percentage of revenues Profit ( loss ) before tax - As a percentage of revenues Profit ( loss ) for the period - As a percentage of revenues Cost of goods sold - As a percentage of revenues Sales and distribution costs EVENTS DURING THE QUARTER AND SUBSEQUENT EVENTS In August 2021 , GomSpace and Unseen Labs enter into an Authorisation To Proceed valued at M.SEK 5 to ensure supply of critical components for future projects - As a percentage of revenues Development costs - As a percentage of revenues Administrative costs - As a percentage of revenues Balance sheet items Intangible assets Property , plant and equipment Working capital Net cash and cash equivalents Equity Liabilities FIRST THREE QUARTERS OF 2021 Order intake increased to T.SEK 266,291 ( 197,262 ) Net revenues increased to T.SEK 132,480 ( 122,320 ) Gross margin decreased to 14 % ( 20 % ) Operating profit ( loss ) decreased to a negative T.SEK 33,482 ( a negative 30,571 ) ● ● ● ● ● Earnings per share were a negative SEK 0.59 ( a negative 0.75 ) In September 2021 , GomSpace signs a contract with SpaceAble valued at M.SEK 21 to enhance the sustainability of Low Earth Orbit 2021 43,034 49,700 10,158 20 % -7,240 -15 % -7,774 -16 % -7,264 -15 % 39,542 80 % 4,914 10 % 5,378 11 % 7,155 14 % Q3 2020 136,472 39,136 9,235 24 % -7,234 -18 % -9,278 -24 % -7,440 -19 % 29,901 76 % 4,395 11 % 5,865 15 % 6,198 16 % ▲ % -68 % 27 % 10 % -4 pp . 0 % 3 pp . 16 % 8 pp . 2 % 4 pp . 32 % 4 pp . 12 % -1 pp . -8 % -4 pp . 15 % -2 pp . 2021 ● 114,514 86 % 16,895 13 % 12,888 10 % 21,748 16 % Q1 - Q3 OUTLOOK FOR 2021 We lower revenue outlook for 2021 to M.SEK 215 to 235 from previous guidance of M.SEK 245 to 270 In October 2021 , GomSpace and OHB sign Preliminary Authority to Proceed to start implement ESA HERA Inter Satellite Link 2020 266,291 197,262 132,480 122,320 17,966 23,853 14 % 20 % -33,482 -30,571 -25 % -25 % -34,420 -43,028 -27 % -35 % -31,012 -39,290 -24 % -32 % 98,467 80 % 20,242 17 % 14,554 12 % 21,157 17 % 127,135 119,428 53,463 69,868 -17,517 22,922 68,490 153,777 219,244 256,308 131,123 164,058 ▲ % Full year 35 % 8 % -25 % 270,703 194,576 47,646 -6 pp . -10 % 24 % -30,261 0 pp . -16 % 20 % -47,659 -24 % -43,566 -22 % 9 pp . 21 % 9 pp . -4 pp . -11 % 2020 16 % 146,930 6 pp . 76 % 28,640 -17 % 15 % 20,387 10 % 30,875 16 % -2 pp . 3 % -1 pp . Q3 6 % 117,603 65,044 10,682 -23 % -176 % -55 % 135,502 -14 % 199,160 -20 % 155,627