Ovzon — Earnings Release 2023

Dec 13, 2023

Ovzon updates revenue outlook for 2023 to at the lowest 290 MSEK

Previously, Ovzon assessed that revenue for 2023 would, at the lowest amount to SEK 250 million. Ovzon's assessment is now that revenue for 2023, based on order intake in the fourth quarter, will at the lowest amount to SEK 290 million.

Based on accelerated order intake and deliveries during November and December, Ovzon adjusts its previous revenue outlook for full-year 2023 that was published in the interim report for the third quarter 2023. Orders from SSC, U.S. DOD and a European customer has contributed to this positive momentum.

This information is information that Ovzon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-12-13 16:21 CET.

For further information please contact:

Per Norén, CEO, pno@ovzon.com, +1 206 931 7232

About Ovzon

Ovzon offers world-leading mobile satellite communications services, 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. For more information, visit www.ovzon.com.

Attachments

Ovzon updates revenue outlook for 2023 to at the lowest 290 MSEK

Ovzon AB

• Anderstorpsvägen 10 171 54 Solna, Sweden • •
• 13461 Sunrise Valley Dr VA 20171 Herndon, USA • •