Yubico

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/