Aspocomp - company presentation by President & CEO Manu Skyttä,
Listeds Investor Event: Defence, Helsinki, 21 September 2026.

The company discusses the crucial role of printed circuit boards (PCBs) as foundational components in modern defense systems and AI technology. The speaker highlights European supply chain bottlenecks alongside Aspocomp’s strategic capacity expansions aimed at meeting surging demand.

Key takeaways:

• PCB supply chain criticalities: Printed circuit boards (PCBs) represent the essential starting component for defense assembly lines, yet European capacity constraints present a growing bottleneck for the regional defense industry. The manufacturing footprint is 2 billion vs 15 billion spend on PCBs and the companies have drastically reduced from around 600 in 2000 to about 160.

• European market decline: While European demand for domestic PCB manufacturing is projected to rise by 70%, regional production capacity is expected to drop by 35% over the next decade due to aging facilities and high capital barriers for new entry.

• Primary growth drivers: Defense applications and artificial intelligence (AI) account for 75% of Aspocomp's net sales, with defense projected to become the company's largest market segment.

• Factory capacity expansion: Aspocomp is carrying out a €12 million investment program at its Oulu factory to boost production capacity by 50%, targeting net sales capabilities of €60 million to €70 million.

• Strategic advice: Growth companies and startups should act decisively and be bold when identifying market opportunities and surging demand.