Key Highlights
- SoftwareOne shares climbed over 13% following first-half 2026 results showing revenue of CHF 818.3 million, representing a 68.2% year-over-year increase
- Profitability strengthened significantly with adjusted EBITDA margin reaching 24.9% for H1, while Q2 saw an acceleration to 28.9%, marking a 5.4 percentage point annual improvement
- Cost synergies reached CHF 100 million on a run-rate basis, achieving the upper boundary of management’s expectations
- Leadership restructuring announced with Raphael Erb becoming sole CEO from August 1 and a streamlined three-region organizational model launching September 1
- Management reaffirmed 2026 outlook: mid-to-high single-digit revenue expansion and adjusted EBITDA margin exceeding 23%
Shares of SoftwareOne (SWON) rallied over 13% on Wednesday following the release of impressive first-half 2026 financial results that showcased significant profitability improvements and the successful completion of its Crayon acquisition integration.
SoftwareONE Holding AG, SWON.SW
Total IFRS group revenue climbed 68.2% compared to the prior year, reaching CHF 818.3 million. When evaluated on a combined like-for-like basis, the company delivered 11.6% growth at constant exchange rates, with organic constant-currency expansion coming in at 5%.
By Wednesday morning, the stock was changing hands near CHF 9.78, signaling strong investor confidence in the company’s performance.
The company generated adjusted EBITDA of CHF 203.8 million during the six-month period, translating to a margin of 24.9%. This represents a solid 4.5 percentage point expansion compared to the first half of the previous year.
Performance accelerated notably in the second quarter. The adjusted EBITDA margin surged to 28.9% in Q2, marking a 5.4 percentage point year-over-year gain. Like-for-like revenue grew 10.4% at constant currency during the three-month period.
Adjusted net profit more than doubled, climbing to CHF 70.6 million. The reported EBITDA margin also showed substantial improvement, advancing 5.2 percentage points to 22.7%.
Integration of Crayon Largely Finalized
The company announced it achieved CHF 100 million in run-rate cost synergies during the second quarter, hitting the upper limit of its initial target.
Management also indicated that an incremental CHF 5 million to CHF 10 million in additional synergies are anticipated to materialize during the latter half of the year.
According to company executives, the integration of Crayon has been substantially finalized. Strategic priorities are now transitioning toward commercial performance and delivering enhanced value to customers.
Major Leadership Reorganization Underway
The company has implemented several executive changes as it enters this new operational phase.
Raphael Erb has been appointed as sole Chief Executive Officer, with the role becoming effective August 1. Additionally, the company is streamlining its geographical footprint with three regional presidents assuming responsibility beginning September 1.
Regina Manfredi will oversee the Americas region. Rico Andreoli has been designated to lead EMEA, while Varun Paliwal will manage APAC operations. All three executives will join the Executive Board along with newly appointed Chief Channel and Ecosystems Officer Gudmundur Adalsteinsson.
Chief Operating Officer Oliver Berchtold will be departing from the organization.
The latest analyst recommendation for SWON stands at Buy, with a price objective of CHF 10.70.
Looking ahead to the complete 2026 fiscal year, SoftwareOne reiterated its previous guidance. The company continues to project mid-to-high single-digit revenue growth on a constant currency basis, an adjusted EBITDA margin above 23%, and cash conversion exceeding 60%.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
