Top-line Growth and Revenue
Net sales of SEK 222 million in Q1 2026, up 12% in constant (FX-adjusted) currency and ~4% in reported currency year-over-year.
Strong Profitability Improvement
Adjusted EBITDA of SEK 75 million representing a 34% adjusted EBITDA margin (up from 25% in prior-year Q1); reported EBITDA margin 23%.
Earnings Per Share Turnaround
EPS of SEK 0.98 in Q1 2026 versus negative SEK 0.94 in Q1 2025 — substantial year-over-year improvement.
Firewall / Signaling & Messaging Security Outperformance
Signaling & Messaging Security grew ~48% reported and ~56% FX-adjusted year-over-year; several major firewall deals signed (including a large global network operator and a major CPaaS player).
Growth Portfolio Driving Revenue Mix
Growth portfolio accounted for ~80% of top line (Classic ~20%), supporting strategy to fuel future growth.
Customer Impact and Time-to-Value
Deployment with Liberty (Costa Rica) reduced spam/scam by 99% in three weeks and blocked over 30,000 scam domains, demonstrating fast time-to-value for security offerings.
Recognition and Awards
Won 5 global awards in Q1 (3 firewall awards, 1 traffic management, 1 embedded security Qosmos), validating product competitiveness.
Strategic and Commercial Progress
Hired new Chief Commercial Officer and added security sales capabilities; continuing market acceleration activities (e.g., participation in Mobile World Congress and planned events in Taiwan).
Capital Allocation and R&D
Share buyback activity: 243,000 shares repurchased for SEK 15.6 million; R&D investment maintained around 24–25% of revenue.
Guidance and Long-Term Targets Maintained
Short-term guidance unchanged: single-digit organic growth and adjusted EBITDA margin north of 30% for 2026; long-term ambition unchanged: ~10% average annual growth (2026–2028) and EBITDA >35% by end of 2028.