Aspocomp Group (ACG1V) Q4 2024 earnings summary

Executive summary

• 2024 was challenging overall, but the operating environment improved in H2 as demand rebounded, especially in the semiconductor and security, defense, and aerospace segments.

• Q4 2024 saw a 35% year-over-year increase in net sales to EUR 7.9 million, with operating result turning positive at EUR 0.1 million after prior losses.

• Full-year 2024 net sales declined 15% to EUR 27.6 million, with an operating loss of EUR 4.0 million and EPS at EUR -0.51.

• Order book nearly doubled year-over-year to EUR 20 million, with strong Q4 order intake and production ramp-up, driven by semiconductor and security, defense, and aerospace demand.

• Capacity expansion and recruitment enabled improved production throughput and profitability in Q4.

Financial highlights

• Q4 net sales EUR 7.9 million, up 35% year-over-year; full-year net sales EUR 27.6 million, down 15%.

• Q4 operating result EUR 0.1 million (1.0% margin), turning positive from a loss; full-year operating result EUR -4.0 million (-14.4% margin).

• Q4 EPS EUR 0.12 (vs. -0.22); full-year EPS EUR -0.51 (vs. -0.24).

• Q4 orders received EUR 8.7 million (+286% YoY); full-year orders EUR 37.0 million (+30%).

• Equity ratio at year-end 54% (down from 72%); operative cash flow FY: EUR -4.7 million.

Outlook and guidance

• 2025 net sales expected to grow significantly, with operating result turning clearly profitable.

• Demand in semiconductor, security, defense, and aerospace segments anticipated to remain strong, supported by AI and data center investments.