AVTECH Sweden AB (publ) Intermin Report January – September 2023


  2023 2023 2022
MSEK Quarter 3 Quarter 2 Quarter 3
Net sales 7.5 6.6 5.7
Operating earnings before depreciation +4.2 +3.2 +3.1
Net earnings +3.1 +2.1 +2.2
Net earnings per share, SEK +0.054 +0.037 +0.039
Cashflow +2.8 +2.6 +1.7
Cash and cash equivalents 21.0 18.2 12.5
Equity 37.8 34.7 29.4
Equity per share, SEK 0.67 0.61 0.52
Equity ratio, % 92.9% 91.7% 92.2%
  • Sales for the third quarter increased by 31% compared to the same period in 2022 thanks to new agreements and a continued strong dollar.
  • Net earnings increased by 39% compared to the same period in 2022.
  • Cash flow increased by 65% compared to the same period in 2022.


  • On August 23, it was announced that AVTECH and Volotea Airlines have entered into a 2-year agreement for AVTECH's Aventus wind uplink service, with a start date of August 5, 2023, and an expected total value in the range of MSEK 1.1 to 1.9 depending on fleet size and EUR exchange rate development.
  • On July 12, it was announced that Volaris has chosen to continue with AVTECH's ClearPath and Aventus flight optimization services after a successful three-month evaluation period during the second quarter. This is in accordance with the already communicated three-year agreement that started at the end of March 2023, and which has an expected total value in the range of MSEK 8 to 14, depending on the number of aircraft and USD exchange rate.

Financial reports are available at www.avtech.aero/report


Receive the latest newsletter

Subscribe To Our Weekly Newsletter

Get notified about new articles quarterly