Sweden's Yubico Q2 sales rise on strong subscription growth
Sweden's Yubico Q2 sales rise on strong subscription growth
Overview
Sweden cybersecurity firm's Q2 net sales rose 9% yr/yr, with 11.7% organic growth
Q2 EBIT margin improved to 14.4% from 4.2% a year earlier
Company launched YubiKey 5.8 after quarter end, expanding security features
Outlook
Company did not provide specific guidance for the current quarter or full year in the press release
Result Drivers
SUBSCRIPTION SALES - Subscription sales increased 23.4% yr/yr, outpacing overall net sales growth
CURRENCY IMPACT - Negative currency movements reduced net sales by 2.8 percentage points
BOOKINGS DECLINE - Bookings fell 7.2% yr/yr, with both organic and currency-related decreases
Company press release: ID:nMFN76FRV2
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| SEK 543.90 mln |
|
Q2 EPS |
| SEK 0.70 |
|
Q2 EBIT |
| SEK 78.50 mln |
|
Q2 EBIT Margin |
| 14.40% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the integrated hardware & software peer group is "buy."
Wall Street's median 12-month price target for Yubico AB is SEK65.00, about 2.4% above its August 5 closing price of SEK63.50
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 14 three months ago
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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.)