Key Highlights
- SoftwareOne shares climbed more than 13% following H1 2026 results showing revenue of CHF 818.3 million, representing a 68.2% year-over-year increase
- The company’s adjusted EBITDA margin reached 24.9% in the first half, while Q2 saw an acceleration to 28.9%, marking a 5.4 percentage point gain from the prior year
- Management confirmed achieving CHF 100 million in run-rate cost synergies, meeting the upper end of expectations
- Leadership transition announced with Raphael Erb becoming sole CEO from August 1, alongside a new three-region organizational model launching September 1
- The company reiterated its full-year 2026 outlook: mid-to-high single-digit constant currency revenue growth and adjusted EBITDA margin exceeding 23%
Shares of SoftwareOne (SWON) climbed over 13% during Wednesday trading following the release of robust first-half 2026 financial results that showcased significant profitability improvements and the successful conclusion of its Crayon acquisition integration.
SoftwareONE Holding AG, SWON.SW
The company reported IFRS group revenue of CHF 818.3 million, marking a 68.2% year-over-year surge. When assessed on a combined like-for-like basis at constant currency, revenue expanded 11.6%, with organic constant-currency growth registering at 5%.
By Wednesday morning, shares were changing hands near CHF 9.78, underscoring strong market approval of the quarterly performance.
The company delivered adjusted EBITDA of CHF 203.8 million during the first six months, translating to a margin of 24.9%. This represents a 4.5 percentage point expansion compared to the corresponding period in 2025.
Second-quarter performance proved particularly impressive. The adjusted EBITDA margin climbed to 28.9% in Q2, a 5.4 percentage point improvement year-over-year. Like-for-like revenue expanded 10.4% at constant currency during the three-month period.
Adjusted net profit more than doubled, reaching CHF 70.6 million. The reported EBITDA margin similarly improved, advancing 5.2 percentage points to 22.7%.
Crayon Acquisition Integration Reaches Final Stage
During the second quarter, SoftwareOne announced it achieved CHF 100 million in run-rate cost synergies, hitting the upper boundary of its projected range.
Looking ahead, the company anticipates capturing an additional CHF 5 million to CHF 10 million in synergies throughout the remainder of the year.
Company leadership indicated that the Crayon integration process is now substantially finished. Strategic priorities are transitioning toward driving commercial performance and delivering enhanced customer value.
Executive Team Restructuring Underway
As SoftwareOne enters this new operational phase, several significant leadership appointments have been announced.
Raphael Erb will assume the role of sole CEO beginning August 1. Concurrently, the organization is streamlining its geographic structure with three regional presidents taking charge on September 1.
Regina Manfredi has been appointed to oversee the Americas region. Rico Andreoli will manage EMEA operations, while Varun Paliwal assumes responsibility for APAC. 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 the organization.
The latest analyst recommendation on SWON stands at Buy, featuring a price target of CHF 10.70.
Looking toward the complete 2026 fiscal year, SoftwareOne reaffirmed its existing guidance. The company continues to project mid-to-high single-digit constant currency revenue growth, an adjusted EBITDA margin surpassing 23%, and cash conversion exceeding 60%.
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