Xplora Technologies

Ahead of the Q4 report, we make only minor changes to our estimates but lift 2026E-27E EBITDA by 8%, owing to an expected NOK 30m in cost synergies. Xplora continues to roll out Senior subscriptions into new regions and soon new channels, and we expect...

Xplora's monthly subscriptions update shows that the Xplora Kids subscriber base for Q4 2025 ended at 476k (Xplora does not give a split for the subscriber base). The company continued its strong conversion of new subscribers with a gross inflow of 75k...

* Strong early data point with 25% conversion rate for Doro in D2C* ... we lift conversion rate to 12% (8%), raising '28e EBITDA +17%* EV/EBIT of 19x in '25e, but drops to 6.8x in '28e Solid Q3 with good gross margin Xplora delivered a solid Q3 report...

Xplora reported strong demand for its products and subscriptions in the Q3 report, and it reported gross profit of NOK 263m, 3% higher than Bloomberg consensus, driven by a better product mix. Xplora announced plans to broaden its product range with ...

* Q3: high GM, but soft device sales and ARPU* Doro conversion rate 25% in D2C channels (13% in Q2)* Estimates slightly down, but positive with strong Doro conversion rateAdj. EBITDA NOK 76m, 2% above ABGSCeRevenue was NOK 510m, 4% below ABGSCe of NOK...

Xplora's gross profit came in stronger than expected at NOK 263m, 4% higher than consensus, driven by better product mix. The topline came in NOK 510m, slightly softer than expected driven lower sell-in in the kids segment, while Xplora reported highest...

Ahead of the Q3 report, we make only minor changes to our estimates but lift 2026E-27E EBITDA by 1-2%, owing to a higher subscriber base of 443k (426k) in Q3. Xplora continues to roll out Senior subscriptions into new regions and soon new channels, and...