According to preliminary figures, Avtech’s revenue decreased compared to the previous quarter in Q1’26.
AVTECH Sweden AB (“AVTECH”) today publishes a few preliminary key financial figures for the first quarter of 2026. Net revenue amounted to MSEK 11.7 (10.5), compared with the corresponding quarter of 2025, resulting in EBITDA for the period of MSEK +4.7 (+5.1) and net profit of MSEK +3.8 (+3.7). Cashflow for the period amounted to MSEK +3.2 (+2.6).
FINANCIAL KEY FIGURES FOR THE QUARTER
| 2026 | 2025 | 2025 | |
|---|---|---|---|
| MSEK | Quarter 1 | Quarter 4 | Quarter 1 |
| Net sales | 11.7 | 12.9 | 10.5 |
| Operating earnings before depreciation | +4.7 | +5.0 | +5.1 |
| Net earnings | +3.8 | +4.0 | +3.7 |
| Net earnings per share, SEK | +0.068 | +0.070 | +0.065 |
| ARR* | 49.4 | 51.2 | 47.2 |
| Rule of 40** | 43.3% | 67.6% | 68.1% |
| Cashflow | +3.2 | +0.7 | +2.6 |
| Cash and cash equivalents | 37.1 | 33.9 | 30.1 |
| Equity | 62.3 | 58.5 | 50.8 |
| Equity per share, SEK | 1.10 | 1.04 | 0.90 |
| Equity ratio, % | 92.5% | 91.8% | 92.8% |
Reason for the decrease:
Quarterly revenue was impacted by negative currency effects and by Latam pausing the Aventus service for an in‑depth re‑evaluation, which resulted in slightly lower revenue during the period compared with our underlying run rate and the previous quarter. This pause should be seen as part of a customer‑driven evaluation process in which we work together with the customer to ensure the right conditions for continued operational value. This does not affect the more extensive delivery of ClearPath to Latam. At the same time, Wizz Air increased the number of aircraft using Aventus, which had a positive impact on revenue. Wizz Air is a clear validation of the operational value of the Aventus solution and of our ability to scale within existing customer contracts.