Safeture Q4 2024: Lower growth and revised financial targets - Redeye
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Safeture Q4 2024: Lower growth and revised financial targets - Redeye

Redeye provides an initial comment on Safeture’s Q4 2024 report, which showed slower ARR growth than expected, at 8% y/y and -0.5% q/q. ARR was cSEK58m by the end of the fourth quarter, compared to our estimate of cSEK62m. The company also revised its financial target for growth downwards following a continously challenging market environment, now standing at 15% compared to the previous 30%. We are encouraged by the continous cost control, with positive EBIT once again, but expect to lower our estimates and valuation on the back of the report.

Redeye provides an initial comment on Safeture’s Q4 2024 report, which showed slower ARR growth than expected, at 8% y/y and -0.5% q/q. ARR was cSEK58m by the end of the fourth quarter, compared to our estimate of cSEK62m. The company also revised its financial target for growth downwards following a continously challenging market environment, now standing at 15% compared to the previous 30%. We are encouraged by the continous cost control, with positive EBIT once again, but expect to lower our estimates and valuation on the back of the report.
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