Full Year 2025 SoftwareOne Holding Ltd Earnings Call Transcript
Key Points
- SoftwareONE Holding AG (SWONF) achieved a revenue growth of 1.4% year over year, surpassing initial expectations.
- The company maintained a strong adjusted EBITDA margin of 20.9%, demonstrating effective cost management.
- Significant progress was made on synergies, with CHF64 million in total run rate cost synergies achieved by the end of 2025.
- The acquisition of Crayon has expanded SoftwareONE's global reach and capabilities, positioning it as a leader in software asset management.
- SoftwareONE became the first global authorized distributor for Google Cloud, enhancing its Channel business potential.
- North America experienced a revenue decline of 12.6% in 2025, reflecting sales execution challenges and changes in Microsoft incentives.
- The company faced a high effective tax rate of 95%, driven by non-deductible expenses and unrecognized tax losses.
- Financial expenses increased significantly to CHF54.4 million, due to higher interest costs and lower finance income.
- LatAm saw a revenue decline of 4.4%, prompting the company to exit four non-strategic countries in the region.
- Preliminary legal proceedings were initiated regarding potential forgery of documents related to overdue trade receivables in 2024.
Ladies and gentlemen, welcome to the SoftwareOne full year 2025 results conference call and live webcast. I am Valentina, the chorus call operator.(Operator Instructions) and the conference is being recorded.
The presentation will be followed by a Q&A session. (Operator Instructions) The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Kjell Arne Hansen, Head of Investor Relations at SoftwareOne. Please go ahead.
(technical difficulty) Presentation. My name is Kjell Arne Hansen, and I'm the Head of Investor Relations at SoftwareOne.
Joining me today are our Co-CEOs, Rafael; and Melissa Mulholland, and our Chief Financial Officer (technical difficulty). In terms of agenda, Melissa and Raphael will start with a summary of the year and the Q4 performance. Hanspeter will then take us through our detailed financial performance. And finally, Melissa will take us through the final section, covering our AI
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