Slide 1: Heart of your technology
Heart of your technology January-March 2025 presentation April 29, 2025 Manu Skyttä, President and CEO
Slide 2: Contents
Contents • Overview Q1/2025 • Q1/2025 in brief • Q1/2025 financial result: – Order book – Net sales – Operating result • Overview of customer segments • Outlook • Summary
Slide 3: Overview Q1/2025
Overview Q1/2025 • Nearly record net sales in Q1 and the company’s operating result turned clearly positive. – Strong order book, production operating with good utilization and throughput, and improved production profitability as well as favorable product mix. • Demand remained high, especially in t
Slide 4: Q1/2025 in brief
Q1/2025 in brief • First-quarter net sales EUR 10.3 (6.2) million, increase of 66% • Operating result EUR 0.8 (-1.6) million, 8.0% (-25.9%) of net sales • Earnings per share EUR 0.10 (-0.24) • Operative cash flow EUR 1.8 (0.6) million • Equity ratio 55.1% (72.9%) • Order book at the end of the revie
Slide 5: Order book amounted to EUR 21.0 million
Order book amounted to EUR 21.0 million Order book (M€), delivery schedule 25 21.0 M€ 20 15 10 5 0 March 31, 2023 March 31, 2024 March 31, 2025 • The order book grew especially due to strong demand from the Semiconductor Industry customer segment.
Slide 6: Q1/25 net sales 10.3 million, increase of 66%
Q1/25 net sales amounted to EUR 10.3 million, increase of 66% Annual net sales (M€) Quarterly net sales (M€) 45 12 40 35 10 30 8 25 6 20 15 4 10 2 5 0 0 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 2020 2021 2022 2023 2024
Slide 7: Q1/2025 and full year 2024 operating results
Q1/2025 and full year 2024 operating results Operating result, M€ and % Annual operating result, M€ and % 0,9 10% 5 15% 4 0,6 5% 10% 3 0,3 2 5% 0% 0,0 1 0% Q2/24 Q3/24 Q4/24 Q1/25 -5% 0 -0,3 -1 2019 2020 2021 2022 2023 2024 -5% -10% -0,6 -2 -10% -0,9 -15% -3 -15% -4 -1,2 -20% -5 -20% -1,5 -25% M€ %
Slide 8: Customer segment comments and net sales Q1/2025
Customer segment comments and net sales Q1/2025 Automotive Industrial Security, Semiconductor Telecommuni- Electronics Defense & Industry cation Aerospace 21% 3% 19% 50% 7%
Slide 9: Automotive: Net sales 2.1 million
Automotive: Net sales amounted to EUR 21% 2.1 million • Q1 net sales amounted to EUR 2.1 million. Increase of 19% compared to Q1/2024. Net sales, M€ 2,5 2,0 1,5 1,0 0,5 0,0 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25
Slide 10: Industrial Electronics: decrease in net sales due to weak demand
Industrial Electronics: The decrease in net sales was due to weak demand from the end customers and limited production capacity. 3% • Q1 net sales amounted to EUR 0.3 million. Decrease of 73% compared to Q1/2024. • The decrease in net sales was due to weak demand from the end customers and limited p
Slide 11: Security, Defence & Aerospace: Net sales increased by 24%
Security, Defence & Aerospace: Net sales increased by 24% to EUR 2.0 million 19% • Demand growth is expected to remain strong. • Net sales increased by 24% to EUR 2.0 million. Net sales, M€ 2,5 2,0 1,5 1,0 0,5 0,0 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25
Slide 12: Semiconductor Industry: Demand remained at a high level in Q1
Semiconductor Industry: Demand remained 50% at a high level in Q1 • Q1 net sales amounted to EUR 5.2 million, year-on-year increase of 382%. • Demand remained at a high level in Q1. • Demand is expected to develop favorably due to significant investments in AI applications and data centers, for inst
Slide 13: Telecommunication: net sales increased by 12%
Telecommunication: net sales increased by 7% 12% and amounted to EUR 0.7 million • Q1 net sales amounted to EUR 0.7 million, increase of 12% compared to Q1/24 Net sales, M€ 0,8 0,7 0,6 0,5 0,4 0,3 0,2 0,1 0,0 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25
Slide 14: Outlook for 2025
Outlook for 2025 Aspocomp reiterates the guidance that was published on February 26, 2025. • In 2025, the demand for Aspocomp’s products is expected to remain solid. In particular, demand in the semiconductor market is expected to develop favorably due to significant investments in AI applications a
Slide 15: Q1: Summary
Q1: Summary • First-quarter net sales EUR 10.3 (6.2) million, increase of 66% • Operating result EUR 0.8 (-1.6) million, 8.0% (-25.9%) of net sales • Earnings per share EUR 0.10 (-0.24) • Operative cash flow EUR 1.8 (0.6) million • Equity ratio 55.1% (72.9%) • Order book at the end of the review per
Slide 16: Additional material
Additional material ASPOCOMP Heart of your technology
Slide 17: 10 major shareholders, March 31, 2025
10 major shareholders, March 31, 2025 Shareholder Shares Ownership, % 1 Joensuun Kauppa ja Kone Oy 1,198,467 17.50 2 Etola Group Oy 1,001,004 14.61 3 Montonen Mikko 362,358 5.29 4 Mandatum Life Insurance Company Limited 348,863 5.09 5 Etola Erkki 300,000 4.38 6 Nordea Henkivakuutus Suomi Oy 275,000
Slide 18: Board of Directors
Board of Directors Jukka Huuskonen Anssi Korhonen Ville Vuori Päivi Marttila Kaarina Muurinen Member Chairman Vice Chaiman Member Member
Slide 19: Management Team
Management Team Manu Skyttä Antti Ojala Pekka Holopainen Jouni Kinnunen Hanna-Leena Keskitalo Mitri Mattila President and CEO CCO and COO CFO HR director CTO Deputy CEO