Sweden's Safello Q1 net loss narrows

Safello AB

08/05/2026 07:11

Overview

Sweden cryptocurrency exchange's Q1 revenue fell 28% yr/yr on lower order volumes and crypto prices

Q1 net loss narrowed to SEK 3.3 mln, EPS at SEK -0.16

Company cited higher regulatory costs and reversal of TAO impairment as key factors in results

Outlook

Company did not provide specific guidance for future quarters or the full year in press release

Result Drivers

LOWER ORDER VOLUMES - Co said net turnover fell mainly due to lower order volumes during the period

CRYPTO PRICE DECLINES - Co said falling crypto asset prices reduced withdrawal fee revenue and affected inventory value

HIGHER REGULATORY COSTS - Co said increased cost base reflected implementation of MiCA, DORA and other regulations

Company press release: ID:nWkr5cCZy2

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 140.50 mln
Q1 EPS
-SEK 0.16
Q1 Net Income
-SEK 3.30 mln
Q1 EBITDA
-SEK 5.50 mln


Analyst Coverage

Wall Street's median 12-month price target for Safello Group AB is SEK5.50, about 77.4% above its May 7 closing price of SEK3.10

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)