Swissnet AG Reports Strong FY/24 Results, Buy Rating Reaffirmed

Swissnet AG, formerly known as Beaconsmind AG, has reported robust preliminary unaudited financial results for the fiscal year 2024, surpassing expectations. The company achieved CHF 13.1 million in revenue, outperforming the forecasted CHF 12.6 million. Additionally, it recorded a positive EBITDA of CHF 2.5 million and a free cash flow of CHF 0.5 million. These figures indicate successful acquisition integration and effective cost management.

Noteworthy is the organic revenue growth of 25% and an impressive adjusted EBITDA increase of 438% year-on-year. Recurring revenues make up 77% of total sales, ensuring revenue stability as the company anticipates a 40% organic revenue growth in 2025. Strategic deals, such as an IoT project with Philip Morris and infrastructure upgrades with a European drugstore chain, support this outlook.