SSH Communications Security Oyj (STU:XXH)

Q1 2025 SSH Communications Security Oyj Earnings Call Transcript

Apr 29, 2025 / 07:00 AM GMT

Release Date Price: €1.04 (-11.91%)

Transcript

Key Points

Positve

Net sales grew by 7.9% in the first quarter, indicating positive revenue momentum.
Subscription ARR growth was strong at 12.9%, with subscription sales increasing by 15%.
The company closed several global deals across all three regions, particularly in Europe and APAC.
Privex, a key product, saw a 19% growth in annual recurring revenue, with new customer wins.
The liquidity position improved, ending the quarter with €3.5 million in total liquidity.

Negative

EBIT was negatively impacted by a €0.4 million write-down due to refocusing R&D efforts.
Increased spending on regulatory certifications and North American expansion affected profitability.
Deferred revenues declined to €11.8 million due to seasonality.
Cash flow from operations was slightly lower than previous quarters at €0.7 million.
The US market did not grow in Q1, necessitating further strategic initiatives and investments.

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

SSH1V.HE - SSH Communications Security Oyj
Q1 2025 SSH Communications Security Oyj Earnings Call
Apr 29, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to SSH Communication Securities investor call for Q1 of 2025.

I'm Aina Vien. I am a member of the SSH finance team, and I also handle our investor relations.

The results will be presented by our CEO Ramiraulos, and our CFO Mica.

After their presentation, we will have time for questions. If you have any questions during the call, you can ask by posting in the chat.

The call is hosted with our own solution, Salak secure messaging.

The call will be recorded, and the recording as well as the presentation material will be available in our investor pages.

And now it's time to start. So I will give the floor to our CFO Mika, who will start with the

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