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Danish Aerospace Company A/S issues Interim report for 2025
Globenewswireยท 2025-08-25 11:03
Core Insights - Danish Aerospace Company A/S (DAC) has reported a significantly improved performance in the first half of 2025 compared to the same period in 2024, with a focus on new technologies and contracts in the aerospace sector [2][6]. Financial Performance - Revenue for the first half of 2025 was DKK 9.8 million, an increase from DKK 9.6 million in the same period last year [6][17]. - Gross profit rose to DKK 7.9 million from DKK 6.5 million year-over-year [6][17]. - Operating profit (EBITDA) improved to DKK 0.4 million, a significant turnaround from a loss of DKK 1.65 million in the previous year [6][17]. - Net profit for the period was DKK -0.6 million, an improvement from DKK -1.9 million in the same period last year [6][17]. Product Development and Contracts - DAC completed and delivered two additional models of its multifunctional exercise equipment for astronauts, E4D, bringing the total to four models [5][6]. - A contract was signed with the European Space Agency (ESA) to develop a prototype exercise device for the Lunar Gateway space station [6][5]. - DAC is entering a new area with a subcontract from Adaptix Ltd. to develop a 3D Bone Quality Imaging System for future use in space [7][6]. Strategic Partnerships - A strategic partnership was established with NECAS A/S to leverage synergies in electronics production for defense and advanced space technologies [8][6]. - DAC continues to pursue new contracts with ESA and US commercial space companies, particularly in wearable monitoring technology [9][6]. Future Expectations - Financial guidance for fiscal year 2025 remains unchanged, with expected total revenue of DKK 21-23 million and operating profit (EBITDA) of approximately DKK 1-3 million [6][13]. - The company plans to issue quarterly trading updates starting with Q3 2025 due to an increased number of shareholders [6][5].