In connection with the delivery of replacement technology and modernization of a Swedish defense system, MilDef has been entrusted to deliver rugged computers, switches and displays. The order value amounts to SEK 69 million with deliveries in 2023-2025. MilDef’s agreement with a partner in the defense industry concerns the development and delivery of products for…
A £2.5m subcontract has been awarded to MilDef to supply Generic Vehicle Architecture (GVA) compliant Processors and Ethernet Switches for the British Army’s upgraded Challenger 3 Main Battle Tank (MBT). MilDef will manufacture the components at its UK facility in Cardiff, Wales. The company has invested heavily in the site by building an expanded manufacturing…
The Nomination Committee, consisting of Ulf Hedlundh (Svolder AB), Peter Lundkvist (Tredje AP-fonden), Marianne Trolle and Jan Andersson, Chair of the Board, has the following proposal for the Chair of the Board and other Board members for the Annual General Meeting of MilDef Group AB (publ) on 25 May 2023. The Nomination Committee proposes that:…
According to previous communication, MilDef’s CFO, Daniel Ljunggren, will take up the position of interim CEO as of May 26. After conducting an evaluation process, the Board of Directors today decided that this role will be permanent, and that Daniel Ljunggren will take up the position of CEO on May 26, 2023. ”The Board has…
STRONG SALES GROWTH DESPITE DELIVERY DELAYS Financial development fourth quarter 2022 Net sales increased by 57% to SEK 315.3 million (200.7). Gross margin amounted to 46% (46). Adjusted EBITDA amounted to SEK 43.4 million (34.6), equivalent to an adjusted operating margin of 13.8% (17.2). Operating profit (EBIT) amounted to SEK 31.5 million (28.2). Order intake…
MilDef, the nordic region’s leading supplier of tactical IT, software solutions and services, will publish its year-end and fourth quarter results for 2022 on February 9, at 08:00 am CET. A conference (on Teams) for investors, analysts and media will be held at 10.00-10.45 CET that same day. The report will be presented by Björn…
In August 2022, MilDef announced a 20-year framework agreement worth SEK 2.8 billion, with an unnamed defense force of a European NATO country. Now the first order has been placed for the contract to help digitalize the country’s army. The order value in this initial contract is approximately MSEK 50 with deliveries over the period…
To further strengthen MilDef’s position in Denmark, MilDef Denmark is now established. The subsidiary will be headed by Claus Larsen, most recently Country Manager for Atos Denmark, specialized in defense and security and with 20 years of service as a reserve officer. MilDef’s solutions for Tactical IT and digitization of defense, government and critical infrastructure…
As previously communicated, there are timing issues in the supply chain, mainly of semiconductor components, for MilDef’s hardware portfolio. In the fourth quarter, approximately SEK 60-70 million of the order book with delivery planned for the current quarter is expected to be moved to Q1 and Q2 2023. No business will be lost, but revenue…
MilDef has received an extension to the previous order from Rheinmetall BAE Systems Land (RBSL) to provide Generic Vehicle Architecture (GVA) compliant Crewstation PCs, Servers and Ethernet Switches for the British Army Mechanized Infantry Vehicle (MIV) programme. Deliveries will take place 2023-2030. In 2020 MilDef received an original order for the Army programme, worth approx….