Xplora will report its Q3 22 earnings on 17 Nov. You can meet the top management of Xplora on 17 Nov at 13:00, as CEO Sten Kirkbak and CFO Mikael Clement will present the results and give you insights into the latest company developments. As always, you can ask questions during the live event.
Earlier in October, Xplora announced its trading statement for Q3 2022, simultaneously announcing a guidance downgrade to top-line revenue growth of 20-30% from +50% previously. The Q3 2022 trading statement showed top-line growth of 27% y/y, recurring service revenue growth of 24% y/y and subscriber number growth of 33% y/y.
Despite the group demonstrating accelerated sales growth in its established markets, macroeconomic headwinds, including inflation and higher interest rates, have hit consumer sentiment, and thus, sales have lagged behind its initial guidance.
During 2022 Xplora has expanded into new markets, pushing into the UK, USA, Germany and France with its sim services and is in the process of implementing a new ERP system. To better understand the company’s expectations for the rest of the year and beyond as well as to better understand key business developments, join the event on 17 Nov at 13:00.
Disclaimer: HC Andersen Capital receives payment from Xplora for a Corporate Visibility/Digital IR subscription agreement. /Philip Coombes 11:15 AM 25-Oct 2022.