Xplora Technologies: Soft Q1 numbers but higher synergy potential - Nordea
Bildkälla: Stockfoto

Xplora Technologies: Soft Q1 numbers but higher synergy potential - Nordea

Xplora's Q1 revenue came in at NOK 376m in a seasonally weak quarter, 3% lower than consensus. Gross profit came in at NOK 204m, 7% weaker than consensus. Opex was in line with consensus, but EBITDA came in at NOK 28m, 15m lower than consensus driven by lower revenue.

Xplora has launched their first retail launch for Senior SIM, which is an important milestone to capture the synergy potential from the Doro acquisition. They have also increased the synergy effect from the Doro acquisition where they expect NOK 50m in cost synergies within 12-18 months, previously NOK 30m.

Xplora mature segment the Kids segment reported device activation of 93k in the quarter, up 9k y/y, signalling solid demand for their devices.

Xplora expects the emporia acquisition to be closed within Q2.

We expect consensus to make neutral to slightly negative revisions on the back of weaker Q1 numbers but increased cost synergies going forward.
Börsvärldens nyhetsbrev