• Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Tempest Security: A step in the right direction - ABG

TSECThird party research27.05.2025, 07.20

This is a third party research report and does not necessarily reflect our views or values

Download report (PDF)
Organic sales growth of 13% y-o-y in Q1
Profitability improvement in Security Solutions...
...and there is more to come


Q1: Positive EBITDA again after two challenging quarters

Tempest delivered a promising Q1 report with improved organic sales growth and profitability q-o-q. Sales grew 9% y-o-y, but adjusted for the divestment in Risk Solutions, organic sales growth was 13% y-o-y driven by 16% sales growth in Security Solutions. This was 6% above ABGSCe as sales growth in Security Solutions was stronger than expected. Profitability was also slightly better than anticipated with EBITDA of SEK 1.6m (3.2m); we had SEK 0.3m. The deviation was driven by better profitability in Security Solutions, whereas Risk Solutions was a bit behind our expectations. We argue that progress within Security Solutions is more important long-term since it is the largest business area and has better market conditions.