Aspocomp’s Interim Report January 1-March 31, 2025: Order book, and net sales increased significantly, and the operating result turned clearly profitable

Core Insights - Aspocomp's net sales for January-March 2025 reached EUR 10.3 million, marking a 66% increase year-on-year, driven primarily by strong demand in the Semiconductor Industry [5][12][13] - The company reported an operating profit of EUR 0.8 million, a significant turnaround from a loss of EUR 1.6 million in the same period last year, with an operating margin of 8% [9][15][16] - The order book at the end of the review period was a record EUR 21.0 million, reflecting a year-on-year increase of 79%, indicating robust demand across various customer segments [6][17] Financial Performance - Net sales for January-March 2025 were EUR 10.3 million, up from EUR 6.2 million in the same period of 2024, representing a 66% increase [9][12] - The operating result improved to EUR 0.8 million, compared to a loss of EUR 1.6 million in the previous year, with the operating result as a percentage of net sales rising to 8% from -26% [9][16] - Earnings per share for the period were EUR 0.10, a significant improvement from a loss of EUR 0.24 in the previous year [9][15] Market Demand and Segments - Demand for Aspocomp's products remained strong, particularly in the Semiconductor Industry, where net sales increased by 382% year-on-year to EUR 5.2 million [13][14] - The Security, Defense, and Aerospace customer segment saw a 24% increase in net sales, reaching EUR 2.0 million, while the Automotive segment grew by 19% to EUR 2.1 million [14] - The order book's growth was primarily driven by strong demand from the Semiconductor Industry, which accounted for a significant portion of the total orders received [6][17] Operational Efficiency - The company has focused on streamlining production processes, resulting in improved production throughput and delivery reliability [10][8] - Operating cash flow for January-March 2025 was EUR 1.8 million, a substantial improvement from a negative cash flow of EUR 2.0 million in the previous year [8][22] - Investments during the review period were EUR 0.2 million, aimed at modernizing factory equipment at the Oulu plant [21] Outlook - Aspocomp anticipates solid demand for its products in 2025, particularly in the semiconductor market, driven by significant investments in AI applications and data centers [2][11] - The company expects net sales for 2025 to grow significantly compared to 2024, with a clear turnaround to profitability in operating results [3][12]