AVT-BNasdaq StockholmAerospace & DefenseIFRS · SEK

Avtech Sweden

AVTECH Sweden AB is a Swedish software and services company focused on aviation decision-support tools for airlines and flight operations. Its products connect to aircraft and operational systems in real time to help customers improve flight efficiency, predictability, safety, and passenger comfort.

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Revenue47.4m SEK
+1,592.9 %y/y
Net income-12.6m SEK

Fiscal year 2025 · change from previous year

Development 2020–2025

01020304050m SEK2020: 12 m SEK20202021: 12 m SEK20212022: 2.8 m SEK20222023: 27 m SEK20232024: 2.8 m SEK20242025: 47 m SEK202547
RevenueOperating profit (EBIT)
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Business

Share of revenue
Flight optimization software55 %

Real-time tools that help airlines optimize routes, fuel use, and operational efficiency.

Safety and weather services25 %

Services that support turbulence avoidance, flight safety, and weather-aware decision-making.

Operational information services15 %

Connected information services that improve predictability and support day-to-day flight operations.

Technical consulting5 %

Specialized consulting tied to aerospace software deployment and customer integration.

Customers

AVTECH sells primarily to airlines and other aviation operators that want to improve flight efficiency, safety, and operational predictability. Its solutions are also relevant to flight operations teams, dispatch functions, and organizations focused on sustainability and fuel savings.

Commercial airlines

Buy optimization and safety services to reduce fuel use, improve punctuality, and support safer operations.

Flight operations and dispatch teams

Use real-time decision tools to manage routes, weather, and operational planning.

Airlines focused on sustainability

Adopt AVTECH tools to cut emissions and support environmental performance goals.

Aerospace and aviation service organizations

Purchase consulting and integration support around aviation software and operations.

Strategy

AVTECH’s strategy centers on expanding adoption of its real-time aviation services across more aircraft and deeper customer use within existing accounts. The company is also broadening its product portfolio beyond a core offering so it can sell more modules to the same airlines and reach new customers.

Expand customer base and aircraft penetrationShort term

More aircraft on the platform increases recurring usage and deepens the commercial relationship.

Broaden the product portfolioMedium term

Additional modules create cross-sell opportunities and reduce reliance on a single core product.

Strengthen commercial executionShort term

A stronger sales and customer success organization supports larger deal flow and better onboarding.

Geography

AVTECH is headquartered in Kista, Stockholm, Sweden and serves an international airline customer base. The business is tied to global aviation routes, so demand depends more on airline networks and operating conditions than on any single domestic market.

Risks

AVTECH’s main risks come from dependence on airline spending, the pace of customer adoption, and exposure to global aviation conditions. Because the company sells software tied to flight operations, it is also exposed to macroeconomic, geopolitical, currency, and weather-related volatility that can affect airline budgets and usage patterns.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Airline industry cyclicality1Currency and macroeconomic volatility3Geopolitical and pandemic-related disruption4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Airline industry cyclicalityImpact: HighLikelihood: Medium

    Customers are airlines, so demand depends on fleet activity, budgets, and operational priorities.

    Exposure: Contract wins and renewal timing

  2. Dependence on a core productImpact: High

    A significant share of revenue still comes from one main offering, creating concentration risk.

    Exposure: Revenue mix and customer concentration

  3. Currency and macroeconomic volatilityImpact: MediumLikelihood: High

    Global customers and cross-border sales expose the company to FX and broader economic swings.

    Exposure: International revenue and operating costs

  4. Geopolitical and pandemic-related disruptionImpact: MediumLikelihood: Medium

    Aviation demand and airline operations can be disrupted by external shocks.

    Exposure: Travel volumes and customer investment appetite

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Accounting

Judgemental items
Revenue recognition timing

Software and service contracts may recognize revenue over time or as services are delivered, affecting quarterly results.

Impact: Can shift reported sales between periods

Accrued liabilities and project-related items

Interim liabilities and accrued expenses can move with ongoing customer work and timing of billing.

Impact: Affects operating liabilities and period comparability

Tax loss carryforwards

Unused deficits at the Swedish Tax Agency may support future tax offsets if profitability continues.

Impact: Can reduce future cash taxes

Share count and dilution

The company reported no options programs or other dilutive instruments.

Impact: Simplifies per-share analysis

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Last updated: 24/09/2026

Avtech Sweden (XSTO) – Aerospace & Defense | Financial Analysis – Clarifo