Swissnet AG: Strong Growth and Positive Outlook

First Berlin Equity Research recently updated its analysis of Swissnet AG, formerly known as Beaconsmind AG. The research reaffirmed a BUY recommendation, slightly raising the target price from €18.50 to €19.00. This was based on Swissnet's final audited FY/24 results, which demonstrated a significant transition to a more substantial ICT and SaaS platform.

In FY/24, Swissnet doubled its revenue to CHF 12.6 million through organic growth and acquisitions. More notably, the company achieved a positive adjusted EBITDA of CHF 2.2 million, improving from CHF -0.4 million in FY/23. A new Wi-Fi infrastructure contract with a major food retail chain, valued at approximately €1.5 million, bolsters the company’s revenue visibility for 2025.

Analyst Christian Orquera emphasized Swissnet’s robust momentum, diversified product range, and expanded management team as key factors supporting the reiterated buy recommendation and the robust project pipeline.