Q2 2026 Verisure PLC Earnings Call Transcript

Jul 30, 2026 / 07:30 AM GMT

Release Date Price: €10.84 (-4.43%)

Transcript

Key Points

Positve

Verisure PLC (FRA:6R9) reported strong Q2 2026 results with annualized recurring revenue (ARR) up 11.9% year-over-year to EUR3.62 billion, driven by portfolio growth and ARPU expansion.
Adjusted EBIT grew 13.9% to EUR269 million, with margin expanding 107 basis points to 26.3%, marking the 15th consecutive quarter of double-digit adjusted EBIT growth.
Free cash flow turned positive for the third consecutive quarter at EUR56 million, a year-on-year improvement of EUR97 million, highlighting the company's cash inflection point.
The company declared its first-ever interim dividend of EUR0.10 per share, signaling a new phase of progressive shareholder returns with a 35% payout ratio on H1 2026 adjusted net income.
Attrition remained low and stable at 7.5%, reflecting high customer engagement and portfolio resilience, while EBITDA per customer reached a record high of EUR35.71.

Negative

New installations grew only 0.6% year-over-year to 219,000, reflecting a cautious consumer backdrop and disciplined focus on quality intake, with no compromise on credit scoring.
Cost per acquisition (CPA) increased 9.8% year-over-year to EUR1,644, driven by media inflation, lower operating leverage from slightly lower install volumes, and EUR10 million in Spain rebrand investment.
The uncertain macroeconomic environment, particularly in Latin America and Argentina, created headwinds for new customer acquisition and delayed consumer decisions on big-ticket items.
Memory price inflation is expected to have an annualized impact of EUR10-15 million on hardware costs, primarily affecting central units and detectors, with potential spillover into 2027.
Working capital remained a cash outflow of EUR8 million in Q2, with inventory levels elevated at around seven months of supply due to deliberate stockpiling ahead of global memory demand pressures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VSURE.ST - Verisure PLC
Q2 2026 Verisure PLC Earnings Call
Jul 30, 2026 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Your line is muted.

Welcome to the Verisure Group second quarter results 2026 presentation.

Today I am joined by CEO Austin Lauley and CFO Colin Smith.

For the first part of the conference call, all participants will be in listen-only mode.

If you wish to participate in the questions and answer session after the prepared remarks, then please dial into the telephone conference and press pound key five on your telephone keypad to enter the queue.

Please note that you will not be able to ask questions if you have joined on the Audiocast link.

Now I will hand the conference over to the speakers.

Please go ahead.

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