Kudelski SA

KUD

Equity

ISIN CH0012268360 / Valor 1226836

SIX Swiss Exchange (2024-09-17)

CHF 1.42%

Kudelski SA
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About company

Kudelski SA is a global leader in providing cybersecurity solutions and services through its divisions SKIDATA, Kudelski IoT, and Kudelski Security. SKIDATA specializes in public access solutions for various industries, while Kudelski IoT focuses on securing IoT devices and business models. Kudelski Security offers cybersecurity solutions to protect companies' data, processes, and systems. The company is known for its expertise in securing data, content, and assets worldwide, enabling customers to operate with confidence in their respective markets. Additionally, Kudelski's Nagravision division offers integrated television solutions for advanced services with high levels of protection, enhancing the viewing experience in entertainment, media, and sports industries.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Kudelski SA reported that three out of its four business segments experienced double-digit revenue growth in the first half of 2023. The Group's overall revenues and other operating income reached USD 339.9 million, up from USD 333.4 million in the same period of the previous year.

Digital Television Decline

The Digital Television segment of Kudelski SA saw a significant decline in the first half of 2023, with global revenues dropping by 17.9% to USD 118.6 million compared to the prior year period. This decline was attributed to reduced hardware investments by network operators in EMEA and Asia.

Cybersecurity Performance

Kudelski SA's cybersecurity business maintained strong momentum, reporting a 15% increase in net revenues to USD 58.6 million in the first half of 2023. The segment also improved its gross margin and profitability, reducing its operating loss before depreciation and amortization to USD 6.7 million from USD 9.8 million in the first half of 2022.

IoT Segment Growth

The Internet of Things (IoT) segment of Kudelski SA nearly doubled its revenues, reaching USD 14.1 million in the first half of 2023. This impressive 96.3% growth was driven by the continued momentum of its RecovR asset tracking solution, particularly in the United States and Canada.

Public Access Recovery

Kudelski SA's Public Access segment returned to solid growth, with revenues increasing by 14.5% year-on-year to USD 144.0 million in the first half of 2023. The segment generated an EBITDA of USD 4.1 million, a significant improvement from USD 0.5 million in the same period of the previous year.

Summarized from source with an LLMView Source

Key figures

-17.2%1Y

-63.2%3Y

-77.2%5Y

Performance

59.7%1Y

45.3%3Y

45.6%5Y

Volatility