AAC Clyde Space earnings date
AAC Clyde Space (MKC0) Q3 2026 Earnings Report
DE:MKC0 Q3 2026 EPS Results
- Actual EPS
- -EUR 0.02
- Consensus EPS
- -EUR 0.02
- Beat/Miss
- Met expectations
- One Year Ago EPS
- EUR 0.00
DE:MKC0 Q3 2026 Revenue Results
- Actual Revenue
- ―
- Expected Revenue
- EUR 11.16M
- Beat/Miss
- ―
- YoY Revenue Growth
- ―
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/12/2026
- Time
- Before Open
- Conference Call
- Thursday, November 12, 2026
AAC Clyde Space's next earnings date is estimated for February 18, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was strongly positive overall, supported by net sales growth of about 30%, more than 30%, positive EBITDA for two consecutive quarters, a strong backlog, new financing, customer validation of VIREON data and continued demand across the business. The main negative factors were supplier and customer-schedule delays, a negative quarterly operating cash flow result, lower-end full-year net sales guidance and slower-than-expected VIREON data revenue. Management characterized the delays as manageable and continued to expect positive full-year operational cash flow.
Full year guidance is now for the lower end of the range that we gave, with full year net sales expected to be towards the lower end of the guidance; EBITDA is planned to be approximately 10% for this year, and operational cash flow is expected to be positive and to remain positive this year. Next quarter is very much about delivery, including big programs like Sterna and INFLECION and the VIREON satellites, which have to be ready to launch. VIREON-3 and 4 are expected to launch next year, in the beginning of the year, with a much quicker commissioning and a much quicker start of delivery.
- Strong Year-to-Date Growth and Positive EBITDANet sales grew about 30%, more than 30%, compared with last year. The company maintained a strong positive EBITDA, with EBITDA nicely positive for 2 quarters in a row.
- Positive Full-Year Operational Cash Flow ExpectedAlthough cash flow from operations was negative in the quarter because of supplier payments following prepayments, the company expects operational cash flow for the full year to be positive and to remain positive this year.
- Strong Order BacklogThe order backlog remained quite strong, and the company described the year as strong in terms of building its backlog.
- Large Contracts and Efficiency Improvements Driving ResultsImproved operational results were driven mostly by large contracts, including Sterna and INFLECION, together with work completed over the last few years to become more efficient and deliver better.
- Positive VIREON Customer FeedbackThe company made its first deliveries of VIREON data to a customer, and the data proved to be quite good; the customer was very happy with the results.
- SEK 40 Million Warrant ExerciseBonnier Capital exercised its warrants for another SEK 40 million, which management said demonstrated Bonnier's confidence and trust in the company and its future plans.
- New Financing Facility SecuredThe company secured a drawdown financing facility to provide more flexibility for expansion and growth plans over the coming years.
- Growth Across Products, Missions, Data and ServicesThe company reported continued growth in both its Products & Missions and Data & Services businesses, with both the data and hardware sides growing.
- Expanded Maritime Intelligence ConstellationThe company is adding 2 more satellites to its maritime intelligence constellation. Four maritime intelligence satellites are currently in build, numbered 3 through 6.
- INFLECION Constellation DevelopmentThe company has started design and manufacturing planning for 12 satellites for its INFLECION constellation. By 2028, the maritime constellation is expected to have another 16 satellites either in orbit or about to be launched.
- Growing Maritime Intelligence DemandManagement said it continues to see demand for data and information from space on the maritime domain, with the additional satellites intended to increase its ability to deliver data to customers.
- Healthy Pipeline and Strong DemandThe company is in discussions with several potential VIREON customers, is working on several smaller and larger orders, and described its pipeline as very robust and healthy. It also reported quite a lot of demand for products from customers building their own constellations.
- Facility Expansion Supported by Demand and ContractsExpansion in Gothenburg is required to deliver the Sterna constellation instruments. Investments in Fairfax and Glasgow are supported by increased demand for satellites and products, while the London expansion follows growth in the data business and customer engagement.
- Capacity Expansion Based on Existing Business and High-Probability PipelineManagement said the capacity expansion is focused on contracts already secured, existing business and a high-probability pipeline, rather than being based on the expectation that a very large opportunity will materialize.
- Maritime Intelligence as the Investment PriorityThe company's investment over the next 2 years is very much driven around Maritime Intelligence. The company also plans further investment in AI and data processing to offer new products and address additional customers.
- Additional Strategic OpportunitiesThe company remains interested in larger satellites and opportunities in the weather market. Management said the new credit facility provides flexibility to move quickly if such opportunities are identified.
- Sterna Technology InterestAlthough the company does not expect major follow-up orders within the EPS-Sterna program, it reported quite a lot of inquiries and several smaller developments and projects using the same technology.
- Expected Faster Commissioning of VIREON-3 and VIREON-4VIREON-3 and VIREON-4 are expected to launch next year, in the beginning of the year, subject to the launch company. Management expects faster commissioning and a quicker start of delivery because the ground processing chains are already established.
- Focus on Deliveries in the Next QuarterThe main focus for the next quarter is delivery of major Sterna and INFLECION programs, as well as delivery and launch readiness for the VIREON satellites.
DE:MKC0 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 18, 2027 | 2026 (Q4) | 0.09- | 0 | ― | ― |
| Nov 12, 2026 | 2026 (Q3) | -0.02-0.02 | 0 | ― | |
| Aug 13, 2026 | 2026 (Q2) | -0.07-0.05 | -0.25 | 82.14% (+0.21) | |
| May 13, 2026 | 2026 (Q1) | -0.16-0.20 | -0.15 | -29.41% (-0.05) | |
| Feb 19, 2026 | 2025 (Q4) | 0.000.00 | 0.27 | -100.00% (-0.27) | |
| Nov 13, 2025 | 2025 (Q3) | -0.250.00 | 0.12 | -100.00% (-0.12) | |
| Aug 14, 2025 | 2025 (Q2) | ―-0.25 | -0.43 | 41.91% (+0.18) | |
| May 15, 2025 | 2025 (Q1) | ―-0.15 | -0.05 | -203.57% (-0.10) | |
| Feb 20, 2025 | 2024 (Q4) | ―0.27 | -0.44 | 160.80% (+0.71) | |
| Nov 07, 2024 | 2024 (Q3) | ―0.12 | -0.05 | 368.00% (+0.17) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
