Equity Research Svenska Aerogel: Receives largest material order so far

Svenska Aerogel Holding AB (“Svenska Aerogel” or “the Company”) announced on Friday, December 5, that the Company has received its first commercial order from Outlast® Technologies amounting to SEK 924,000. This is the largest single material order so far in the Company’s history.

The Company states that the order relates to Outlast®’s first commercial production batch of Aersulate®, in which Quartzene® is used as part of the process to produce textile fibers with heat-insulating properties. Textiles and padding materials containing Aersulate® are now being finalized for delivery to several key product areas, including bedding, protective equipment, footwear, and clothing for the global market.

In our latest research update following the Q3 2025 report, we noted that we had revised our revenue estimates downward due to uncertainty regarding order values. Considering the news about the order from Outlast®, we believe that this uncertainty has eased somewhat, while positive follow-on effects from the order—such as additional future purchases—can also be expected.

Read our latest research report on Svenska Aerogel here.

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