GMV’s space business grows by 30 %

GMV has managed to up its turnover by 30% on 2019, now topping 140 million euros. Moreover, the turnover of all GMV group companies now adds up to 245 million euros.

These figures confirm that its space business is still booming, multiplying its turnover by a factor of 2.5 since 2015, fueling a continual influx of new recruits into team GMV. Indeed, from the job-generation point of view, GMV is Europe’s sixth best-performing industrial space group behind only Airbus, Thales, Ariane, Leonardo and OHB.

This growth has also been across-the-board throughout the whole space business, with rates varying from 15% to 40%, and in most of the countries where the company runs space activities. Within GMV’s European group Spain leads the pack; Germany holds on to second place, while sharp growth rates are also being recorded by our businesses in France, Portugal, Romania and the UK.

These all-time-high figures have been chalked up on the strength of breakthrough business in Galileo and Copernicus programs, OneWeb mega-constellation plus developments for Eumetsat, space surveillance, exploration and planetary defense.

This remarkable year ended in grand style with ESA’s Council at Ministerial Level, chalking up a record subscription with the concomitant boost for the whole sector. This now ushers in for GMV a period of the highest expectations, further fueled by the firm’s solid track record and its ongoing growth.

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