Swissnet AG: Strong Growth and Positive Outlook for FY25

In an update provided by NuWays AG, Swissnet AG demonstrated significant growth in the first half of 2025. Revenues nearly doubled to CHF 11.3 million, mainly due to the consolidation of Swissnet ICT and Lokalee. The company's SaaS segment, in particular, saw strong customer acquisition in the retail and hospitality sectors.

Adjusted EBITDA also doubled to CHF 2.3 million, reflecting a margin of 20%. This increase stems from operating leverage and synergies following a merger, alongside a disciplined cost strategy. Swissnet's effectively integrating growth into profitability, with the SaaS segment substantially enhancing margins.

The management anticipates continued growth into FY25, projecting revenues of CHF 28-30 million and adjusted EBITDA of CHF 5.5-6 million. The ongoing integration of Swissnet ICT and Lokalee is expected to finalize by year-end, unlocking additional synergies. The company remains optimistic, reinforcing its BUY recommendation with a target price of €20.