Tillkännagivande • Apr 17
Kudelski SA Announces Board and Committee Appointments Kudelski SA announced that at the AGM held on April 14, 2026, approved the Ms. Hélène Béguin, nominated to stand for election, was elected as a member of the Board for a one-year term. Ms. Béguin was previously a partner at KPMG from 2004 to 2025 and served on the board of directors of KPMG Suisse from 2014 to 2024, including most recently as its chairwoman. She holds a Master's degree in Business Administration from HEC Lausanne and is a certified public accountant. She joins the Board of Directors as of April 14, 2026. The shareholders elected Messrs. Michael Hengartner, Pierre Lescure, Alec Ross and Claude Smadja and as members of the Remuneration and Nomination Committee for a period of one-year. Tillkännagivande • Mar 24
Kudelski SA, Annual General Meeting, Apr 14, 2026 Kudelski SA, Annual General Meeting, Apr 14, 2026, at 14:00 W. Europe Standard Time. Tillkännagivande • Mar 03
Kudelski SA to Report Fiscal Year 2025 Final Results on Mar 24, 2026 Kudelski SA announced that they will report fiscal year 2025 final results on Mar 24, 2026 Reported Earnings • Feb 28
Full year 2025 earnings released Full year 2025 results: Revenue: US$371.0m (down 3.3% from FY 2024). Net loss: US$42.4m (loss narrowed 72% from FY 2024). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Electronic industry in the United Kingdom. New Risk • Jan 23
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$150m Forecast net loss in 2 years: US$7.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$93m). Currently unprofitable and not forecast to become profitable over next 2 years (US$7.3m net loss in 2 years). Market cap is less than US$100m (CHF67.4m market cap, or US$85.3m). Board Change • Jan 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 1 independent director (6 non-independent directors). Independent Vice-Chairman & Lead Director Claude Smadja was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Sep 05
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$93m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$93m). Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (CHF76.3m market cap, or US$95.6m). New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (CHF76.6m market cap, or US$95.0m). Board Change • May 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 1 independent director (6 non-independent directors). Independent Vice-Chairman & Lead Director Claude Smadja was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • May 05
Kudelski SA to Report First Half, 2025 Results on Aug 26, 2025 Kudelski SA announced that they will report first half, 2025 results on Aug 26, 2025 Tillkännagivande • Feb 27
Kudelski SA to Report Fiscal Year 2024 Final Results on Mar 27, 2025 Kudelski SA announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on Mar 27, 2025 Tillkännagivande • Jan 25
Kudelski IoT, a division of the Kudelski Group Announces the Launch of RecovR ID Check Kudelski IoT announced the launch of RecovR ID Check, an advanced identity verification solution designed to strengthen dealership defenses against identity theft and fraud in the U.S. automotive market. RecovR ID Check offers dealerships a modern, affordable solution to safeguard test drives, sales, and financing transactions. Criminals are increasingly using fake and stolen identities to take advantage of automotive dealers--driving off with vehicles during test drives or securing financing fraudulently. Identity crime enables them to disappear without a trace, leaving dealers to absorb the financial loss. And the fraud is often only discovered after the fictitious buyer defaults on their loan payments, which can be up to 90 days after purchase. This solution integrates seamlessly into existing dealership workflows, providing a powerful tool to reduce fraud and protect valuable dealership assets. Unlike competitive solutions, RecovR ID Check has no special equipment costs or monthly fees. Dealers simply purchase a pre-paid package of ID checks based on their needs. Buy Or Sell Opportunity • Jan 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CHF1.27. The fair value is estimated to be CHF1.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 42% in a year. Earnings are forecast to grow by 77% in the next year. Board Change • Nov 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 1 independent director (6 non-independent directors). Independent Vice-Chairman & Lead Director Claude Smadja was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Sep 13
ASSA ABLOY AB (publ) (OM:ASSA B) acquired SKIDATA AG from Kudelski SA (SWX:KUD). ASSA ABLOY AB (publ) (OM:ASSA B) signed an agreement to acquire SKIDATA AG from Kudelski SA (SWX:KUD) for an enterprise value of €340 million on July 22, 2024. For the period ending December 31, 2023, SKIDATA AG reported total revenue of €305 million. The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2024. The acquisition will initially have a small dilutive effect to EPS.
Goldman Sachs is acting as exclusive financial advisor and Nikolas Zirngibl, Andreas Thun, Thiemo Woertge, Alex Dolmans, Meg McIntyre, William Yavinsky, David Holland, Laura Asbati, Nicola Lemay, Marcus Schreibauer, Sarah-Lena Kreutzmann, Christoph Wünschmann, Lukas Rengier, Falk Schöning, Kerstin Neighbour, Sabrina Gäbeler, Maria Benbrahim, Mariëtte Vis and Falk Loose of Hogan Lovells International LLP is acting as legal advisor to Kudelski Group. Ben Marshall of Holding Redlich and Jacques Iffland of Lenz & Staehelin and Gerhard Hermann, Claudia Fochtmann-Tischler of Baker McKenzie acted as local counsel and Freshfields acted as legal advisor to Kudelski Group. Schoenherr Attorneys at Law acted as legal advisor to ASSA ABLOY AB.
ASSA ABLOY AB (publ) (OM:ASSA B)completed acquisitiion of SKIDATA AG from Kudelski SA (SWX:KUD) on September 13, 2024. Reported Earnings • Aug 26
First half 2024 earnings released First half 2024 results: Revenue: US$192.0m (flat on 1H 2023). Net loss: US$34.6m (loss widened 35% from 1H 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Electronic industry in the United Kingdom. Board Change • Aug 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 1 independent director (6 non-independent directors). Independent Vice-Chairman & Lead Director Claude Smadja was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Jul 24
ASSA ABLOY AB (publ) (OM:ASSA B) signed an agreement to acquire SKIDATA AG from Kudelski SA (SWX:KUD) for an enterprise value of €340 million. ASSA ABLOY AB (publ) (OM:ASSA B) signed an agreement to acquire SKIDATA AG from Kudelski SA (SWX:KUD) for an enterprise value of €340 million on July 22, 2024. For the period ending December 31, 2023, SKIDATA AG reported total revenue of €305 million. The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2024. The acquisition will initially have a small dilutive effect to EPS.
Goldman Sachs is acting as exclusive financial advisor and Nikolas Zirngibl, Andreas Thun, Thiemo Woertge, Alex Dolmans, Meg McIntyre, William Yavinsky, David Holland, Laura Asbati, Nicola Lemay, Marcus Schreibauer, Sarah-Lena Kreutzmann, Christoph Wünschmann, Lukas Rengier, Falk Schöning, Kerstin Neighbour, Sabrina Gäbeler, Maria Benbrahim, Mariëtte Vis and Falk Loose of Hogan Lovells International LLP is acting as legal advisor to Kudelski Group. Ben Marshall of Holding Redlich and Jacques Iffland of Lenz & Staehelin and Gerhard Hermann, Claudia Fochtmann-Tischler of Baker McKenzie acted as local counsel and Freshfields acted as legal advisor to Kudelski Group. Board Change • May 31
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 1 independent director (6 non-independent directors). Independent Vice-Chairman & Lead Director Claude Smadja was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 1 independent director (6 non-independent directors). Independent Vice-Chairman & Lead Director Claude Smadja was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Nov 29
Kudelski SA to Report First Half, 2024 Results on Aug 22, 2024 Kudelski SA announced that they will report first half, 2024 results on Aug 22, 2024 New Risk • Oct 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (CHF80.1m market cap, or US$88.8m). Reported Earnings • Aug 27
First half 2023 earnings released First half 2023 results: Revenue: US$335.3m (up 2.1% from 1H 2022). Net loss: US$31.1m (loss widened 48% from 1H 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Electronic industry in the United Kingdom. Board Change • Jun 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 1 independent director (6 non-independent directors). Independent Vice-Chairman & Lead Director Claude Smadja was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Feb 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CHF2.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings is forecast to decline by 1.4% per annum over the same time period. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 1 independent director (7 non-independent directors). Independent Vice-Chairman & Lead Director Claude Smadja was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 28
First half 2022 earnings released First half 2022 results: Revenue: US$328.4m (down 2.2% from 1H 2021). Net loss: US$21.0m (loss widened 246% from 1H 2021). Over the next year, revenue is forecast to grow 9.9%, compared to a 9.0% growth forecast for the Electronic industry in the United Kingdom. Tillkännagivande • Aug 04
Kudelski SA to Report Fiscal Year 2022 Results on Feb 23, 2023 Kudelski SA announced that they will report fiscal year 2022 results on Feb 23, 2023 Board Change • May 31
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 1 independent director (7 non-independent directors). Independent Vice-Chairman & Lead Director Claude Smadja was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 28
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 1 independent director (7 non-independent directors). Independent Vice-Chairman & Lead Director Claude Smadja was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 19
Upcoming dividend of CHF0.10 per share Eligible shareholders must have bought the stock before 26 April 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (4.6%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 28
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.28 (up from US$0.42 loss in FY 2020). Revenue: US$753.9m (up 3.4% from FY 2020). Net income: US$15.7m (up US$38.9m from FY 2020). Profit margin: 2.1% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 5.2%, compared to a 7.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buying Opportunity • Feb 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.9%. The fair value is estimated to be US$4.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.6% per annum over the last 3 years. The company has become profitable over the last year. Upcoming Dividend • Apr 12
Upcoming dividend of CHF0.10 per share Eligible shareholders must have bought the stock before 19 April 2021. Payment date: 21 April 2021. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (4.2%). Higher than average of industry peers (0.9%). Analyst Estimate Surprise Post Earnings • Mar 02
Revenue misses expectations Revenue missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 7.0%, compared to a 6.6% growth forecast for the Electronic industry in the United Kingdom. Reported Earnings • Mar 01
Full year 2020 earnings released: US$0.42 loss per share (vs US$0.81 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$729.5m (down 10.0% from FY 2019). Net loss: US$23.2m (loss narrowed 48% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 22% per year. 
