Finland's SSH Communications Security Q1 sales fall

SSH Communications Security Oyj

28/04/2026 07:15

Overview

Finland cybersecurity software firm's Q1 net sales fell 1.6% yr/yr to EUR 5.3 mln

Q1 EBITDA turned negative due to front-loaded investments in product and sales

Company reiterated outlook for 2026 net sales growth and positive EBITDA, cash flow

Outlook

SSH expects 2026 net sales to grow compared to 2025

Company estimates 2026 EBITDA and operating cash flow will be positive

Result Drivers

CURRENCY IMPACT - Co said weaker U.S. dollar negatively affected reported sales growth

REGIONAL PERFORMANCE - EMEA revenue grew 7.5% yr/yr, while APAC declined 22.4% due to prior-year license sales and AMER declined 8.4%, though grew 1.9% in U.S. dollars

Company press release: ID:nMFN3F4VBY

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
EUR 5.30 mln
EUR 6 mln (1 Analyst)
Q1 EPS
-EUR 0.03
Q1 EBITDA
-EUR 600,000
Q1 Operating Profit
-EUR 1.40 mln
Q1 ROE
-5.30%


Analyst Coverage

The one available analyst rating on the shares is "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for SSH Communications Security Oyj is €2.45, about 12.1% above its April 27 closing price of €2.19

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)