Ovzon Logo

Ovzon

ISIN: SE0010948711 | Ticker: OVZON | LEI: 549300U82F1HQRSTYZ66
Country: Sweden

About Ovzon

Company Description

To revolutionize mobile broadband via satellite providing global coverage with the highest bandwidth through the smallest terminals.

Ovzon offers world-leading mobile satellite communications solutions, SATCOM-as-a-Service, to customers across the globe. The services combine high data speed with high mobility. Ovzon’s SATCOM-as-a-Service meets the growing demand for global connectivity for customers with high performance and security requirements such as Defense, Emergency Services, NGOs, Media, and Commercial organizations.

Ovzon was founded in 2006 and has offices in Stockholm, Sweden, Herndon, VA, and Tampa, FL, in the USA. Ovzon is listed on Nasdaq Stockholm Mid Cap.

Year founded

2006

Served area

Europe

Headquarters

Anderstorpsvägen 10, 17154 Solna – Sweden

Financial statements

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Line item in (sek) 01.01.2020 01.01.2021 02.01.2021 01.01.2022 02.01.2022 01.01.2023
Assets N/A 1,329,365,000.00 N/A 1,853,318,000.00 N/A 1,921,668,000.00
Noncurrent Assets N/A 1,010,020,000.00 N/A 1,375,920,000.00 N/A 1,545,077,000.00
Property Plant And Equipment N/A 989,246,000.00 N/A 1,351,956,000.00 N/A 1,485,455,000.00
Construction In Progress N/A 977,196,000.00 N/A 1,317,280,000.00 N/A 1,435,047,000.00
Other Property Plant And Equipment N/A 7,010,000.00 N/A 28,023,000.00 N/A 42,621,000.00
Intangible Assets Other Than Goodwill N/A 20,710,000.00 N/A 23,862,000.00 N/A 59,478,000.00
Copyrights Patents And Other Industrial Property Rights Service And Operating Rights N/A 20,289,000.00 N/A 23,862,000.00 N/A 25,556,000.00
Intangible Assets Under Development N/A 421,000.00 N/A 0.00 N/A 33,922,000.00
Deferred Tax Assets N/A 64,000.00 N/A 102,000.00 N/A 144,000.00
Current Assets N/A 319,345,000.00 N/A 477,398,000.00 N/A 376,591,000.00
Inventories N/A 34,686,000.00 N/A 25,259,000.00 N/A 53,922,000.00
Work In Progress N/A 34,686,000.00 N/A 25,259,000.00 N/A 53,922,000.00
Trade And Other Current Receivables N/A 99,634,000.00 N/A 46,055,000.00 N/A 47,057,000.00
Current Trade Receivables N/A 7,054,000.00 N/A 32,532,000.00 N/A 30,056,000.00
Current Prepayments And Current Accrued Income Other Than Current Contract Assets N/A N/A N/A 6,537,000.00 N/A 11,897,000.00
Other Current Receivables N/A 3,277,000.00 N/A 6,986,000.00 N/A 5,104,000.00
Current Tax Assets Current N/A 1,673,000.00 N/A 0.00 N/A N/A
Cash and cash equivalents 257,382,000.00 185,025,000.00 185,025,000.00 406,084,000.00 406,084,000.00 275,612,000.00
Equity And Liabilities N/A 1,329,365,000.00 N/A 1,853,318,000.00 N/A 1,921,668,000.00
Equity 796,296,000.00 1,292,611,000.00 N/A 1,450,268,000.00 N/A 1,392,819,000.00
Issued Capital N/A 4,624,000.00 N/A 5,127,000.00 N/A 5,127,000.00
Retained Earnings N/A -288,578,000.00 N/A -372,331,000.00 N/A -408,359,000.00
Other Reserves N/A N/A N/A 5,034,000.00 N/A -17,148,000.00
Additional Paidin Capital N/A 1,560,446,000.00 N/A 1,812,438,000.00 N/A 1,813,199,000.00
Equity Attributable To Owners Of Parent N/A 1,292,611,000.00 N/A 1,450,268,000.00 N/A 1,392,819,000.00
Noncurrent Liabilities N/A 5,343,000.00 N/A 323,668,000.00 N/A 479,447,000.00
Other Noncurrent Liabilities N/A N/A N/A 7,139,000.00 N/A 8,377,000.00
Longterm Borrowings N/A 0.00 N/A 316,529,000.00 N/A 469,670,000.00
Current Liabilities N/A 31,411,000.00 N/A 79,382,000.00 N/A 49,402,000.00
Current Accruals And Current Deferred Income Including Current Contract Liabilities N/A N/A N/A 23,251,000.00 N/A 26,730,000.00
Other Current Payables N/A 3,459,000.00 N/A 3,681,000.00 N/A 2,448,000.00
Current Tax Liabilities Current N/A 0.00 N/A 231,000.00 N/A 281,000.00
Line item in (sek) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2021/
01.01.2023
01.01.2022/
01.01.2023
Revenue From Rendering Of Internet And Data Services 160,477,000.00 191,378,000.00 N/A 356,993,000.00
Other Revenue 2,676,000.00 0.00 N/A 14,054,000.00
Other Work Performed By Entity And Capitalised 9,972,000.00 10,535,000.00 N/A 13,152,000.00
Raw Materials And Consumables Used 108,986,000.00 177,313,000.00 N/A 245,451,000.00
Employee Benefits Expense 55,988,000.00 65,618,000.00 N/A 78,786,000.00
Depreciation And Amortisation Expense 6,370,000.00 9,895,000.00 N/A 23,380,000.00
Other Expense By Nature 48,368,000.00 58,868,000.00 N/A 105,260,000.00
Profit Loss From Operating Activities -48,284,000.00 -113,383,000.00 N/A -81,064,000.00
Finance Income 45,000.00 29,865,000.00 N/A 45,786,000.00
Finance Costs 58,759,000.00 368,000.00 N/A 500,000.00
Profit Loss Before Tax -106,998,000.00 -83,886,000.00 N/A -35,778,000.00
Income Tax Expense Continuing Operations -2,949,000.00 -32,000.00 N/A 407,000.00
Profit (loss) -104,049,000.00 -83,854,000.00 -36,185,000.00 -36,185,000.00
Profit Loss Attributable To Owners Of Parent -104,049,000.00 -83,854,000.00 N/A -36,185,000.00
Line item in (sek) 01.01.2020 01.01.2021 01.01.2023 01.01.2022 02.01.2021 02.01.2022
Profit (loss) N/A -104,049,000.00 -36,185,000.00 -83,854,000.00 N/A N/A
Adjustments For Reconcile Profit Loss N/A -53,630,000.00 -52,512,000.00 -94,015,000.00 N/A N/A
Adjustments For Decrease Increase In Inventories N/A -22,264,000.00 -28,663,000.00 9,428,000.00 N/A N/A
Adjustments For Decrease Increase In Other Operating Receivables N/A -17,776,000.00 -3,478,000.00 -13,833,000.00 N/A N/A
Adjustments For Increase Decrease In Trade Account Payable N/A -52,104,000.00 -32,276,000.00 31,672,000.00 N/A N/A
Adjustments For Increase Decrease In Other Operating Payables N/A -413,000.00 2,298,000.00 16,298,000.00 N/A N/A
Other Adjustments For Noncash Items N/A 5,957,000.00 26,240,000.00 9,895,000.00 N/A N/A
Adjustments For Reconcile Profit Loss N/A -53,630,000.00 -52,512,000.00 -94,015,000.00 N/A N/A
Cash Flows From Used In Operations N/A -100,077,000.00 -59,643,000.00 18,087,000.00 N/A N/A
Interest Paid Classified As Operating Activities N/A 14,822,000.00 70,000.00 368,000.00 N/A N/A
Interest Received Classified As Operating Activities N/A 45,000.00 2,382,000.00 10,514,000.00 N/A N/A
Income Taxes Paid Refund Classified As Operating Activities N/A -3,474,000.00 0.00 673,000.00 N/A N/A
Cash Flows From Used In Operating Activities N/A -153,707,000.00 -112,155,000.00 -75,928,000.00 N/A N/A
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 475,791,000.00 129,179,000.00 271,204,000.00 N/A N/A
Purchase Of Intangible Assets Classified As Investing Activities N/A 21,388,000.00 33,922,000.00 2,610,000.00 N/A N/A
Proceeds From Other Longterm Assets Classified As Investing Activities N/A 1,052,000.00 12,455,000.00 0.00 N/A N/A
Cash Flows From Used In Investing Activities N/A -496,127,000.00 -150,646,000.00 -273,814,000.00 N/A N/A
Proceeds From Issuing Shares N/A 588,622,000.00 0.00 259,008,000.00 N/A N/A
Proceeds From Borrowings Classified As Financing Activities N/A 0.00 102,194,000.00 307,475,000.00 N/A N/A
Payments Of Lease Liabilities Classified As Financing Activities N/A 1,402,000.00 1,445,000.00 1,348,000.00 N/A N/A
Cash Flows From Used In Financing Activities N/A 581,792,000.00 101,510,000.00 558,622,000.00 N/A N/A
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 4,315,000.00 30,819,000.00 12,179,000.00 N/A N/A
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A -68,042,000.00 -161,291,000.00 208,880,000.00 N/A N/A
Cash and cash equivalents 257,382,000.00 185,025,000.00 275,612,000.00 406,084,000.00 185,025,000.00 406,084,000.00

Please note that some sums might not add up.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
SWE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
SWE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

Date Trading entity / Person Association Trade type Volume
19.05.23 Pål Ekberg Other Buy SEK 198,600.00
08.05.23 Per Norén Other Buy SEK 448,375.00
21.04.23 Etheron AB Other Buy SEK 3,790,000.00
06.03.23 Nicklas Paulson Other Other SEK 29,999,986.50
02.09.22 Cecilia Driving Other Sell SEK 45,000.00
02.09.22 Cecilia Driving Other Buy SEK 45,000.00
25.10.21 Johan Brandt Other Buy SEK 149,625.00
05.10.21 Pål Ekberg Other Buy SEK 39,729.58
24.09.21 Nicklas Paulson Other Other SEK 31,875,000.00
18.08.21 Per Noren Other Buy SEK 1,203,264.00

Capital markets information

ISIN

SE0010948711

LEI

549300U82F1HQRSTYZ66

Sector

Communication Services

Industry Group

Telecommunication Services

Industry

Wireless Telecommunication Services

Sub-Industry

Wireless Telecommunication Services

Listed Stock Exchange

Nasdaq Stockholm

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