Ovzon updates revenue outlook for 2023 to at the lowest 290 MSEK

Previously, Ovzon assessed that revenue for 2023 would, at the lowest amount to SEK 250 million. Ovzon’s assessment is now that revenue for 2023, based on order intake in the fourth quarter, will at the lowest amount to SEK 290 million.

Based on accelerated order intake and deliveries during November and December, Ovzon adjusts its previous revenue outlook for full-year 2023 that was published in the interim report for the third quarter 2023. Orders from SSC, U.S. DOD and a European customer has contributed to this positive momentum.

About Ovzon
Ovzon offers world-leading mobile satellite communications services, SATCOM-as-a-Service, to customers across the globe. The services combine high data speed with high mobility. Ovzon's SATCOM-as-a-Service meets the growing demand for global connectivity for customers with high performance and security requirements such as Defense, Emergency Services, NGOs, Media and Commercial organizations. Ovzon was founded in 2006 and has offices in Stockholm, Sweden, Herndon, VA and Tampa, FL in the USA. Ovzon is listed on Nasdaq Stockholm Mid Cap. For more information, visit www.ovzon.com.