OVZONNasdaq StockholmTelecommunicationsIFRS · SEK

Ovzon

Ovzon is a provider of advanced mobile satellite communication services tailored for critical missions. The company specializes in delivering high data rate communication through small mobile satellite terminals, serving demanding customers globally. Ovzon's solutions are particularly valued by defense organizations and governments, especially within NATO countries, due to their secure and resilient communication capabilities. The company leverages its proprietary satellite, Ovzon 3, to enhance its service offerings and maintain a competitive edge in the satellite communication industry.

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Revenue735m SEK
+120.1 %y/y
Operating profit (EBIT)140m SEK
+270.7 %y/y
EBIT margin19.0%
+43.6 ppy/y
Net income137m SEK
+184.6 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-2000200400600800m SEK2021: 191 m SEK2021: EBIT -113 m SEK20212022: 357 m SEK2022: EBIT -81 m SEK20222023: 290 m SEK2023: EBIT -95 m SEK20232024: 334 m SEK2024: EBIT -82 m SEK20242025: 735 m SEK2025: EBIT 140 m SEK2025TTM 2026: EBIT 255 m SEKTTM255
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
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Business

Share of revenue
SATCOM Services60 %

Includes satellite communication services for high data rate transmission.

Mobile Satellite Terminals28 %

Portable terminals for secure and mobile satellite communication.

Customer Support Services12 %

Dedicated support for mission-critical communication operations.

Customers

Ovzon serves a diverse range of customers primarily in the defense and government sectors, with a strong focus on NATO countries. These customers require secure, high-performance satellite communication solutions for critical missions. Ovzon's offerings are particularly attractive to organizations that need reliable communication in remote or contested environments. The company's ability to deliver high data rates with portable equipment makes it a preferred choice for military and governmental operations.

Defense Organizations

Purchase secure SATCOM solutions for mission-critical operations.

Government Agencies

Require high data rate communication for strategic operations.

NATO Countries

Focus on strengthening defense communication capabilities.

Strategy

Ovzon's strategic priorities focus on expanding its SATCOM services and enhancing its technological capabilities through the Ovzon 3 satellite. The company aims to drive profitable growth by increasing its market share in the defense and government sectors. Ovzon is committed to maintaining high customer satisfaction through reliable and high-performance communication solutions. The company also seeks to strengthen its financial position to support ongoing growth initiatives and adapt to changing market dynamics.

Expand SATCOM servicesMedium term

To enhance market presence and service offerings.

Increase market shareMedium term

To drive profitable growth in key sectors.

Strengthen financial positionShort term

To support growth and adapt to market changes.

Geography

Ovzon operates globally with a strong presence in Europe, particularly among NATO countries. The company's strategic agreements with European defense organizations highlight its significant role in the region. Ovzon's operations are supported by its proprietary satellite, Ovzon 3, which enhances its service delivery across various geographies. The company's headquarters and primary operations are based in Sweden, providing a strategic location for serving European and global markets.

Risks

Ovzon faces several risks, including geopolitical tensions that could impact its operations in NATO countries. Currency fluctuations, particularly involving the US dollar, pose financial risks due to the company's international exposure. The company also faces operational risks related to the deployment and maintenance of its satellite infrastructure. Additionally, changes in defense spending by governments could affect demand for Ovzon's services. The competitive landscape in satellite communications presents a risk of technological obsolescence.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Operational risks2Currency fluctuations3Changes in defense spending4
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. Geopolitical tensionsImpact: Critical

    Could disrupt operations in key NATO markets.

  2. Operational risksImpact: HighLikelihood: Medium

    Challenges in satellite deployment and maintenance.

  3. Currency fluctuationsImpact: HighLikelihood: Low

    Affects financial performance due to international exposure.

  4. Changes in defense spendingImpact: MediumLikelihood: Low

    Could reduce demand for SATCOM services.

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Accounting

Judgemental items
Revenue recognition timing

Impacts reported earnings due to contract nature.

Currency fluctuations

Affects financial results and requires careful management.

Working capital management

Supports financial position and growth initiatives.

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Last updated: 24/09/2026