SoftwareONE Holding AG (OSL:SWON)
kr 88 -2.33 (-2.58%) Market Cap: 19.04 Bil Enterprise Value: 15.16 Bil PE Ratio: 0 PB Ratio: 1.80 GF Score: 59/100
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Full Year 2024 SoftwareOne Holding Ltd Earnings Call Transcript

Feb 19, 2025 / 08:00 AM GMT

Key Points

Positve
  • SoftwareONE Holding AG (SWONF) delivered CHF11.4 billion in gross billings and over CHF1 billion in revenue for 2024, with an adjusted ABTA of CHF223 million.
  • The company has successfully implemented a cost reduction program, achieving CHF58 million in annualized savings, exceeding the original target.
  • The announced combination with Crayon is expected to create significant value, with cost synergies estimated between CHF80 to CHF100 million.
  • APEC region showed strong performance with nearly 16% growth for the year, driven by Microsoft and AWS business expansion.
  • The company has renewed strategic partnerships, including a significant agreement with ServiceNow and recognition as AWS Global Nonprofit Consulting Partner of the Year.
Negative
  • Q4 2024 was challenging with a 5.1% decline in revenue, attributed to a muted budget flush and rushed GTM implementation in key markets.
  • The adjusted ABTA margin decreased by 2.3 percentage points to 22%, reflecting lower growth and macroeconomic challenges.
  • Marketplace revenue declined by 0.8% for the full year due to sales execution issues and external macro conditions.
  • The company faced headwinds from changes in Microsoft incentives, impacting revenue growth by 2 to 3%.
  • There were significant organizational changes, including redundancies and external advisory costs, leading to CHF107.3 million in adjustments for 2024.


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

SWON.S - SoftwareOne Holding Ltd
Full Year 2024 SoftwareOne Holding Ltd Earnings Call
Feb 19, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and thank you to everyone for joining SoccerO's full year results. I'm Anna Ingva, head of investor relations at SoftwareO.

And joining me today are Rafael Es, our CEO, and Rodolfo Savitsky, CFO. In terms of agenda, Raphael will kick off with an overview of key developments in 2024 and the 4th quarter. Rodolfo will take you through our financial performance and thereafter hand back to Rafa, who will provide an update on the combination with crayon and Outlook for 2025. We will finish the session with Q&A as usual.

Before we get started, please let me draw your attention to the disclaimer regarding forward-looking statements and non IFRS measures on slides 2 to 3. With that, I will hand
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