AAC Clyde Space

Overview
Price performance
Financials
Research
Sector insights
Thematics

Headquartered in Sweden, AAC Clyde Space (AAC) is a world leader in nanosatellite end-to-end solutions, subsystems, platforms, services and components, including supply to third parties. It has production and development operations in Sweden, Scotland, the Netherlands and the United States and a start-up in Africa.

AAC has a strong heritage in small and nano satellites. Over the next five years, c 2,100 nanosats should be launched as technology development extends the applications for low Earth orbit constellations, especially for communications. AAC’s capabilities cover: SDaaS, Space Missions and Space Products.

Latest Insights

Industrials |
Flash note

04.07.24

AAC Clyde Space — Acquisition of Spacemetric

Industrials |
Update

17.05.24

AAC Clyde Space — Solid start to the year with further order growth

Industrials |
Update

04.03.24

AAC Clyde Space — Strong order backlog underpins growth prospects

Industrials |
Update

14.12.23

AAC Clyde Space — Gathering momentum for FY24 lift-off

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Sector

Industrials

Equity Analyst

David Larkam

Analyst, Industrials

Key Management

Luis Gomes

CEO
Mats Thideman

CFO
Rolf Hallencreutz

Chairman of the board

Balance Sheet

Forecast net cash (SEKm)

11.5

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	6.0	(14.5)	43.6
Relative	3.4	(19.3)	20.2
52 week high/low	SEK58.0/SEK27.5

Financials

AAC Clyde Space has announced the acquisition of Spacemetric for a total consideration of SEK25m (including SEK9m subject to a performance earnout). Spacemetric provides geospatial data management systems, including software capable of transforming data into visionary images. In particular, Spacemetric will enhance the capabilities and deliverables from AAC’s Cyclops small satellite constellation which is currently being deployed.