Sweden's Yubico Q1 net sales fall 23.1% on currency impact

Yubico AB

05/05/2026 06:13

Overview

Sweden security hardware firm's Q1 net sales fell 23.1%, with negative currency impact

Q1 EBIT margin dropped to 3.1% from 14.9%, impacted by reorganization expenses and currency

Company implemented reorganization affecting ~45 employees, targeting SEK 95 mln in annual cost savings

Outlook

Yubico did not provide specific guidance for upcoming quarters or the full year

Result Drivers

NEGATIVE CURRENCY IMPACT - Co said SEK 26.5 mln negative currency effect weighed on revenue and EBIT

ORGANIC SALES DECLINE - Organic net sales fell 10.2% and organic bookings dropped 14.4% in Q1

REORGANIZATION COSTS - SEK 21 mln in reorganization expenses weighed on EBIT in Q1

Company press release: ID:nMFN76sYyx

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 479.30 mln
Q1 EPS
SEK 0.25
Q1 EBIT
SEK 14.90 mln
Q1 EBIT Margin
3.10%


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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.)