Europe's Verisure Q2 revenue rises on customer growth, confirms 2026 outlook
Europe's Verisure Q2 revenue rises on customer growth, confirms 2026 outlook
Overview
Europe-based security solutions provider's Q2 revenue rose 10% yr/yr, driven by customer growth
Adjusted EBIT up 14% yr/yr, reflecting rebrand investment and margin expansion
Company declared first interim dividend and reported improved free cash flow
Outlook
Verisure confirms 2026 outlook: ARR growth around 10% (excluding Mexico), EBIT margin above 26%
Company expects positive free cash flow in 2026
Verisure reaffirms medium-term guidance: ARR growth around 10%, EBIT margin to 30% over long-term
Result Drivers
CUSTOMER BASE EXPANSION - 9.4% yr/yr increase in total customers and higher ARPU supported revenue and earnings growth
COST CONTROL & UPSALES - Tight control of recurring monthly costs and increased upselling to existing customers contributed to margin improvement
REBRAND INVESTMENT - Increased media spending on Spain rebrand raised customer acquisition costs, affecting short-term margins but aimed at long-term brand strength
Company press release: ID:nWkr7n2xmg
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| EUR 1.02 bln |
|
Q2 Adjusted EBITDA |
| EUR 467.70 mln |
|
Q2 Adjusted EBIT |
| EUR 268.80 mln |
|
Q2 Adjusted EBIT Margin |
| 26.30% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Verisure PLC is €16.65, about 46.7% above its July 29 closing price of €11.35
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 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.)