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Because extraordinary general meetings of
ACQ Bures’s development January –
April -
- The result has been charged with costs attributable to the merger with
Yubico AB . - Operating profit was
SEK -42.9M (-2.4). - Financial income and expenses were
SEK 26.7M (0.0). - Profit after tax was
SEK -16.2M (-2.4). - Earnings per share were
SEK -0.46 (-0.07).
January -
- On
April 19, 2023 , the merger between ACQ and Yubico was announced. - Extraordinary general meetings of
ACQ Bure AB andYubico AB onJune 20, 2023 decided to approve the merger of the two companies. - The planned merger is expected to be approved by the Swedish Companies Registration Office in
September 2023 , after which trading in the merged company’s shares will start on the Nasdaq First Growth Market on or aboutSeptember 20 . - In conjunction with the merger,
ACQ Bure will be renamed Yubico. For further details, please see www.acq.se/investerare/fusion. - Cash and cash equivalents amounted to
SEK 3,424.6M (3,435.6) on30 June 2023 . - Operating profit was
SEK -45.4M (-4.9). - Financial income and expenses were
SEK 38.3M (0.0). - Profit after tax was
SEK -7.0M (-4.9). - Earnings per share were
SEK -0.20 (-0.14).
Given that ACQ Bure’s and Yubico's owners have now approved the merger between the companies, today, in addition to the half-year report from
Yubico's development January –
April -
- Net sales increased by 23.2 percent to
SEK 454.6 (369.1) million, corresponding to an increase of 16.2 percent in local currencies. - Subscription sales accounted for 13.7 (8.9) percent of net sales.
- Gross profit amounted to
SEK 390.6 (312.7) million, corresponding to a gross margin of 85.9 (84.7) percent. - EBIT amounted to
SEK 100.8 (61.7) million, corresponding to an EBIT margin of 22.2 (16.7) percent. - Bookings decreased by 29.0 percent to
SEK 406.4 (572.1) million, corresponding to a decrease of 34.9 percent in local currencies, as a result of unusually high bookings last year. - Subscription bookings accounted for 14.8 (17.9) percent of bookings.
- ARR (annual recurring revenue) amounted to
SEK 242.8 (156.2) million, an increase of 55.4 percent.
January -
- Net sales increased by 24.9 percent to
SEK 873.6 (699.3) million, corresponding to an increase of 16.5 percent in local currencies. - Subscription sales accounted for 13.1 (7.4) percent of net sales.
- Gross profit amounted to
SEK 752.4 (590.8) million, corresponding to a gross margin of 86.1 (84.5) percent. - EBIT amounted to
SEK 174.2 (74.3) million, corresponding to an EBIT margin of 19.9 (10.6) percent. - Bookings decreased by 13.7 percent to
SEK 756.2 (876.7) million, corresponding to a decrease of 21.0 percent in local currencies, relating to unusually high bookings in the second quarter last year. - Subscription bookings accounted for 11.5 (13.3) percent of bookings.
Q2 marks another strong quarter for Yubico. Our business is developing well, and fully in line with our earlier guidance in May. Net sales in Q2 2023 increased by 23 percent year-over-year to
As communicated earlier, bookings in Q2 2022 were unusually high, due to a very large order from one customer. Q2 2023 did not include any extraordinary orders, which explains why orders were lower than last year. Normally, the second half of the year is the strongest in terms of bookings.
Yubico added
During H1 2023, Yubico grew its inventory by
Webcast/teleconference
ACQ and Yubico will hold a webcast/conference call today,
To participate in the conference, click on the following link https://ir.financialhearings.com/acq-yubico-q2-2023. 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=5007411.
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