Switzerland's SoftwareONE 2025 revenue up 22.5% on Crayon acquisition

SoftwareOne Holding AG

31/03/2026 06:10

Overview

Switzerland software and cloud provider's 2025 revenue rose 22.5% yr/yr, driven by Crayon acquisition

Adjusted EPS for 2025 increased slightly yr/yr

Company will use repurchased shares for share-based remuneration, not cancellation

Outlook

SoftwareONE sees mid-single-digit YoY ccy revenue growth for 2026 on a combined like-for-like basis

Company expects adjusted EBITDA margin above 23% for 2026

SoftwareONE targets CHF 100 mln in run-rate cost synergies by end-2026

Result Drivers

MICROSOFT INCENTIVE CHANGES - Revenue in Direct business declined due to changes in Microsoft incentive programs, though impact eased in Q4

COST SAVINGS AND SYNERGIES - Improved profitability attributed to cost reduction program, synergy impact and strict cost control

SEGMENT PERFORMANCE - Channel and Services segments grew, offsetting weakness in Direct; Services growth driven by cybersecurity, AWS cloud services, and ITAM services

Company press release: ID:nEQ8TkyVJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted EPS
CHF 0.48
FY EPS
CHF 0
FY Adjusted EBITDA
CHF 277 mln
FY EBITDA
CHF 207.60 mln
FY Operating Cash Flow
CHF 268.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for SoftwareOne Holding AG is CHF9.60, about 41.5% above its March 30 closing price of CHF6.79

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago

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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.)