SoftwareOne CMD today – upgrades 2030 financial ambitions

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SoftwareOne CMD today – upgrades 2030 financial ambitions

IT Services

SoftwareOne Holding AG (SWON SW)

EQUITY RESEARCH Quick Take

June 9, 2026

SoftwareOne CMD today – upgrades 2030 financial Price: CHF8.76

Price Target: CHF7.00 ambitions

Rating: Neutral Takeaways

Key Statistics: SoftwareOne positioned well after Crayon acquisition. Following the

Symbol SWX: SWON SW Crayon integration, SoftwareOne is positioning itself as one of the broadest

52-Week Range 5.73 - 9.35 global platforms in enterprise software and cloud, with access to a vendor Market Cap 1,935.8

ADV (3 mo) 710,897 portfolio of 10,000+ partners and around 12,000 professionals across more

Shares Out (M) 221.1 than 70 countries. The combined group aims to support customers across

four solution areas: IT Cost Management, Software & Cloud Sourcing, Cloud

Research Analysts: Services, and Data & AI Solutions. Management argues that AI adoption

Bharath Nagaraj should increase demand across all four areas by driving greater need for

Cantor Europe cost control, licence optimisation, cloud migration, governance and AI-

+44 20 7894 7347

Bharath.Nagaraj@cantor.com enabled services.

Upgraded 2030 financial ambitions. SoftwareOne also introduced One-Year Price History upgraded 2030 financial ambitions, targeting high-single-digit revenue

10 CAGR, EBITDA margin above 28%, free cash flow conversion above 60%,

8 and a 30%-50% net profit payout ratio. Compared with current consensus

7 expectations of c.6%-7% revenue growth and a 24%-25% EBITDA margin,

6 the new targets imply an uplift in both growth and profitability, with

06/25 09/25 12/25 03/26 06/26 management pointing to AI efficiencies, operating leverage and the

SWON SW Created by BlueMatrix

scalable post-Crayon platform as the key drivers.

Our view.