Aspocomp’s strategy period 2026-2030
Aspocomp’s revised strategy is focused on strengthening the company’s current market position and growth, especially in the Security, Defense and Aerospace, and Semiconductor segments, due to increased demand.
Aspocomp’s targets are:
- To achieve more than EUR 100 million net sales in long-term.
- To achieve an EBIT margin exceeding 10% in the midterm.
- To maintain strong profitability throughout the business cycle through growth.
- To grow organically by investing in expanding the Oulu plant in Finland in 2026-2027 to increase throughput capacity by up to 50% and improve production quality as well as the availability of machines and equipment.
- To pursue strategic investments and mergers & acquisitions, while maintaining a debt-to-equity ratio of above 40%.
- To expand trading activities, by increasing partner network outside China and, to support the Oulu plant.
Financing growth
Aspocomp is funding its Oulu, Finland capacity increase through loans, a directed share issue (stock exchange release October 30, 2025) and with positive operative cash flow.
The company targets more than EUR 100 million in revenue in the long term. Achieving the target depends on expanding the production network, also via M&A.
Demand in Europe is expected to grow
The refined strategy focuses on developing demand within the PCB sector, prioritizing emerging high-growth technologies, especially the defense and semiconductor segments. By offering customized solutions and establishing strategic partnerships, the company seeks to enhance relationships with existing clients while expanding its customer base.
Based on data from external sources and Aspocomp’s internal projections, the PCB market is anticipated to experience growth across all regions and industries, with particularly strong momentum in Europe. This increased demand is expected to coincide with a significant reduction in the number of producers. The fastest-growing industry segments include defense and aerospace, server and storage, wired infrastructure, and mobile phones. Market estimates indicate that the European PCB sector will expand from approximately EUR 2.1 billion in 2024 to EUR 2.9 billion by 2030, reflecting a compound annual growth rate of above 5%. (External sources: Prismark, 2024 PCB & Substrate Market Update).
The goal is to become one of the top three PCB manufacturers and suppliers within selected industry segments in Europe
The updated strategy seeks sustainable over-the-cycle profitability through expanding the Oulu plant throughput capacity, increasing the customer quantity, expanding trading operations to better adapt to peak demand, and through M&A.
Aspocomp looks to outperform the market, by strengthening the company’s capabilities to be competitive by being a trusted, high-quality, and customer-focused PCB supplier.