From GlobeNewswire: 2025-02-26 02:00:00

Aspocomp Group Plc released its financial statement for the fourth quarter of 2024, showing a 35% increase in net sales to EUR 7.9 million. Operating result improved to EUR 0.1 million. Orders received surged by 286% to EUR 8.7 million. For the full year 2024, net sales decreased by 15% to EUR 27.6 million. Operating result was a loss of EUR 4.0 million.

In 2025, Aspocomp anticipates strong demand for its products, especially in the semiconductor market. Net sales are expected to grow significantly, and the operating result is projected to turn profitable. The company’s order book doubled to EUR 20 million at the end of 2024.

The company’s CEO highlighted the challenging year of 2024 but noted a strong performance in the second half. The last quarter saw the best net sales of EUR 7.9 million, driven by growth in the Semiconductor Industry and Security, Defense, and Aerospace segments.

Aspocomp’s fourth-quarter operating result was EUR 0.1 million, a significant improvement from the previous year. Earnings per share also saw a positive trend. The company’s personnel played a crucial role in improving production throughput and capacity utilization.

In terms of financials, Aspocomp’s equity ratio decreased to 54.0% in 2024, with gearing at 37%. The company’s cash flow from operations weakened to EUR -4.7 million due to increased working capital and negative results. Investments in modernizing factory equipment totaled EUR 0.4 million.

Looking ahead, Aspocomp aims for strong growth in 2025, with a focus on AI applications and data centers. The company’s financial position remains stable, supported by its credit facility and factoring agreements. Aspocomp’s Annual General Meeting for 2025 is scheduled for April 29.

Aspocomp’s financial performance, operational highlights, and strategic outlook indicate a positive trajectory for the company, driven by strong demand in key customer segments and ongoing investments in production capabilities. The company’s prudent financial management and focus on innovation position it well for future growth and profitability.



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