Space Hellas, GRS402003008

Space Hellas announces EUR 5 million bond: Space Hellas stock falls 6.80 percent

Published on 10/01/2026 at 20:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The five-year bond funds working capital needs at Space Hellas. Space Hellas stock costs EUR 8.22 on October 1, 2026 after EUR 8.82.

Space Hellas, GRS402003008, Illustration mit AI erstellt.

Space Hellas (ISIN GRS402003008) announced a EUR 5 million common bond with a five-year maturity on October 1, 2026, according to Euro2day. The proceeds are earmarked for working capital, while Space Hellas stock was EUR 8.22 at Lang & Schwarz at 8:47 p.m. CEST, down 6.80 percent from the EUR 8.82 prior close.

Five-year financing meets stronger sales

The bond announcement follows first-half results that showed consolidated revenue of EUR 77.9 million in the first half of 2026, up 8.21 percent from EUR 72.0 million in the first half of 2025. Euro2day reported the figures on September 30, 2026.

Profit after tax increased 13.40 percent to EUR 1.7 million from EUR 1.5 million in the first half of 2025, while EBITDA, meaning earnings before interest, taxes, depreciation and amortization, held at EUR 9.3 million. The combination points to higher sales without a corresponding increase in group EBITDA.

Cash flow remains the key counterfactor

Operating cash flow was negative EUR 4.5 million in the first half of 2026, even as profit improved. Newmoney attributed the pressure to billing for complex projects that increased receivables and said collections are expected to strengthen cash inflows in the second half.

Management also aims to increase operating and after-tax profitability while reducing total borrowing during 2026, according to the same first-half coverage by Euro2day. The EUR 5 million financing therefore adds liquidity for operations, while debt reduction remains part of the stated plan.

Stock falls 6.80 percent after announcement

Space Hellas stock stood at EUR 8.22 at Lang & Schwarz on October 1, 2026 at 8:47 p.m. CEST, in after-hours trading relative to the Xetra session model. The price was EUR 0.60 below the Lang & Schwarz prior close of EUR 8.82 on September 30, 2026.