“In January-March, Aspocomp came close to achieving an all-time net sales record and the company’s operating result turned clearly profitable. In addition, the company’s order book remained at a high level. The systematic work that has continued since last spring to increase the order book and streamline production has borne fruit, and we can finally move on to renewing the company’s strategy.
A strong order book and high production capacity utilization increased Aspocomp’s January-March net sales to EUR 10.3 million. Net sales increased year-on-year by 66%. With production profitability and yield also at a good level, the company’s operating profit rose clearly into the black, reaching EUR 0.8 million.
Demand for Aspocomp’s products remained at a good level, and the order book increased year-on-year by nearly 80%. Demand remained high, especially in the Semiconductor Industry customer segment, but demand growth continued in the Security, Defense and Aerospace customer segment as well. The order book at the end of the review period was a record EUR 21.0 million.
In October-November 2024, there was a strong focus on streamlining and stabilizing production throughput. During the early part of the year, we maintained the utilization rate of production capacity at an excellent level; coupled with our robust order book, we almost managed to break our previous net sales record in January-March.
Since the autumn of last year, systematic work has been done to improve production throughput and yields, and this has also raised profitability to a good level. Thanks to these measures, the company’s operating result has been turned from a loss to substantial profit. With the increase in production volumes, net working capital has been kept at a moderate level, and this, together with the robust growth in net sales, has turned the operating cash flow strongly positive. Operating cash flow increased year-on-year by nearly EUR 4 million and amounted to EUR 1.8 million.
With the improvement in production throughput, delivery reliability has also improved. We expect delivery reliability to return to a good level during April-June 2025, and during the rest of the year we will focus on qualitative factors in production.
We expect demand for Aspocomp’s products to remain at a good level in 2025. In particular, demand in the semiconductor market is expected to develop favorably due to large investments in artificial intelligence applications and data centers, for instance. Demand in the Security, Defense and Aerospace customer segment is also expected to continue to grow well.
We reiterate the guidance that was published on February 26, 2025. Aspocomp estimates that its net sales for 2025 will grow significantly from the 2024 level, and that its operating result for 2025 will turn clearly profitable. In 2024, net sales amounted to EUR 27.6 million and the operating result was a loss of EUR 4.0 million.”
Espoo, April 29, 2025
Manu Skyttä