Quarterly summary
Third quarter
- Net sales increased by 44.8 percent to SEK 589.9 (407.3) million, corresponding to an increase of 49.0 percent in local currencies
- Subscription sales amounted to 12.1 (14.4) percent of net sales
- Gross profit amounted to SEK 478.0 (333.2) million, corresponding to a gross margin of 81.0 (81.8) percent
- Adjusted EBIT amounted to SEK 110.7 (16.1) million, corresponding to an adjusted EBIT margin of 18.8 (4.0) percent
- EBIT amounted to SEK 110.7 (-77.7) million, corresponding to an EBIT margin of 18.8 (-19.1) percent. Last year's figures were affected by transaction costs related to the merger of ACQ and Yubico
- Earnings per share after dilution amounted to SEK 0.91 (-1.34). The average number of shares has increased by 68 percent compared to the previous year, related to the merger of ACQ Bure and Yubico in September 2023
- Bookings increased by 52.6 percent to SEK 609.7 (399.6) million, corresponding to an increase of 58.5 percent in local currencies
- Subscription bookings amounted to 14.6 (14.5) percent of bookings
- ARR (annual recurring revenue) amounted to SEK 292.7 (255.3) million, an increase of 14.6 percent
January - September
- Net sales increased by 33.9 percent to SEK 1,703.2 (1,271.9) million, corresponding to an increase of 34.7 percent in local currencies
- Subscription sales amounted to 11.0 (12.9) percent of net sales
- Gross profit amounted to SEK 1,373.8 (1,026.4) million, corresponding to a gross margin of 80.7 (80.7) percent
- Adjusted EBIT amounted to SEK 326.5 (182.1) million, corresponding to an adjusted EBIT margin of 19.2 (14.3) percent
- EBIT amounted to SEK 326.5 (88.2) million, corresponding to an EBIT margin of 19.2 (6.9) percent
- Earnings per share after dilution amounted to SEK 2.96 (1.09)
- Bookings increased by 61.0 percent to SEK 1,861.2 (1,155.9) million, corresponding to an increase of 62.3 percent in local currencies
- Subscription bookings amounted to 18.0 (12.5) percent of bookings
Significant events during the quarter
- On September 23 Yubico announced the Nomination Committee for the 2025 Annual General Meeting.
Significant events after the end of the period
- There were no significant events after the end of the period.
Webcast/teleconference
Yubico will hold a webcast/conference call today, November 13, 2024, at 09:00 CET. Mattias Danielsson, CEO of Yubico and Camilla Öberg, CFO of Yubico, will present and answer questions.
To participate in the conference, click on the following link: https://ir.financialhearings.com/yubico-q3-report-2024. Via the webcast, you can ask written questions. If you wish to ask questions verbally, please register on the following link: https://conference.financialhearings.com/teleconference/?id=50049840
Interim reports
The complete interim report for January to September 2024 will be available on https://investors.yubico.com/en/investors/reports-and-presentations/
For more information contact:
Alexandra Barganowski, Investor Relations
+46 (0) 72 083 27 50
alexandra.barganowski@yubico.com
About Yubico
Yubico (Nasdaq First North Growth Market Stockholm: YUBICO), the inventor of the YubiKey, offers the gold standard for phishing-resistant multi-factor authentication (MFA), stopping account takeovers in their tracks and making secure login easy and available for everyone. Since the company was founded in 2007, it has been a leader in setting global standards for secure access to computers, mobile devices, servers, browsers, and internet accounts. Yubico is a creator and core contributor to the FIDO2, WebAuthn, and FIDO Universal 2nd Factor (U2F) open authentication standards, and is a pioneer in delivering modern, hardware-based passkey authentication security at scale to customers in over 160 countries.
Yubico's solutions enable passwordless logins using the most secure form of passkey technology. YubiKeys work out-of-the-box across hundreds of consumer and enterprise applications and services, delivering strong security with a fast and easy experience.
As part of its mission to make the internet more secure for everyone, Yubico donates YubiKeys to organizations helping at-risk individuals through the philanthropic initiative, Secure it Forward. The company is headquartered in Stockholm and Santa Clara, CA. For more information on Yubico, visit us at www.yubico.com.
This information is information that Yubico is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-11-13 07:00 CET.
