GomSpace suspends all activities on a large customer project due to unpaid invoices and therefore adjusts outlook for 2022
GomSpace have suspended all work on a large customer project due to unpaid invoices. This will impact the outlook for 2022. Revenue outlook will be lowered to M.SEK 190 to 250 (previously M.SEK 264 to 292) and EBIT margin will be reduced to -90% to -70% (previously better than -15%). The outlook reflects both the direct effect of the suspension and the indirect consequences. As communicated in the Q2 financial report, ‘changes and missing payments from one large commercial customer has resulted in a negative cash flow from primary operating activities. We now conclude that the