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SSH Communications Security - Solid start to the year
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2024-04-25 08:32:00
Redeye provides an update following the Q1 2024 report. Sales increased by 5.8% y/y to EUR5m, with a EBITDA margin of 4.7%. PrivX grew by 44.5% pushing Subscription growth by 14.5%. We make minor adjustments for 2024 and reiterate our valuation range. We argue that SSH should be seen as a stable company within the cybersecurity sector with a robust subscription revenue model that is growing profitable.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/