Switzerland's SoftwareONE H1 revenue jumps on channel, services growth
Switzerland's SoftwareONE H1 revenue jumps on channel, services growth
Overview
Switzerland software and cloud provider's H1 2026 revenue grew 68.2% yr/yr, driven by Crayon acquisition
Adjusted EBITDA margin expanded to 24.9% in H1 2026, up 4.5 percentage points yr/yr
Company achieved CHF 100 mln run-rate cost synergies and completed Crayon integration
Outlook
SoftwareONE reiterates FY 2026 guidance for mid to high-single-digit YoY ccy revenue growth
Company expects FY 2026 adjusted EBITDA margin above 23% and cash conversion above 60%
SoftwareONE expects CHF 5-10 mln additional cost synergies to be realized in H2 2026
Result Drivers
CHANNEL AND SERVICES GROWTH - Co said strong performance in Channel and Services, especially CSP-related offerings, drove organic revenue growth
COST SYNERGIES AND CONTROL - Margin expansion attributed to cost synergies from Crayon integration and ongoing cost control
CURRENCY IMPACT - Strengthening Swiss franc negatively affected reported revenue
Company press release: ID:nEQ9BbkWba
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Adjusted EPS |
| CHF 0.33 |
|
H1 EPS |
| CHF 0.25 |
|
H1 Adjusted EBITDA |
| CHF 203.80 mln |
|
H1 EBITDA |
| CHF 185.40 mln |
|
H1 Operating Cash Flow |
| CHF 90.10 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and no "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 CHF9.70, about 12.2% above its August 25 closing price of CHF8.65
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 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.)