Norway's Xplora Technologies Q1 revenue rises 11%, subscriptions up 32%

Xplora Technologies AS

21/05/2026 06:08

Overview

Norway smart device maker's Q1 revenue rose 11% yr/yr

Q1 EBITDA increased 58% yr/yr to NOK 28 mln

Company grew subscriptions 32% yr/yr, driven by new products and market expansion

Outlook

Xplora aims to grow subscriptions toward one million by expanding products, customers, and markets

Company expects growth from new feature phone for children and premium services for seniors

Company says Germany remains strongest growth driver, Nordics still account for majority of subscriptions

Result Drivers

SUBSCRIPTION GROWTH - Co said 32% yr/yr increase in subscriptions drove service revenue growth

PRODUCT PORTFOLIO EXPANSION - Launch of XploraOne feature phone for children and progress in senior SIM services supported growth, per CEO Sten Kirkbak

GEOGRAPHIC EXPANSION - Germany remained the strongest growth driver for mobile subscriptions

Company press release: ID:nMFN2hmJyh

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
NOK 376 mln
NOK 386 mln (2 Analysts)
Q1 EBITDA
NOK 28 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the phones & handheld devices peer group is "buy"

Wall Street's median 12-month price target for Xplora Technologies AS is NOK85.00, about 67% above its May 20 closing price of NOK50.90

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 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.)