Yubico updates its financial targets

Yubico's board has today decided on updated financial targets. The target of annual growth in bookings (order intake) of 25% on average is changed to a target of annual growth in net sales of 25% on average. The profitability target of 20% EBIT margin remains unchanged.

Yubico's financial targets in the long-term (within 5 years) and dividend policy are thus:

Growth
Target of annual growth in net sales of 25% on average.

Profitability
Target of 20% EBIT margin.

Dividend policy
For the foreseeable future, Yubico will primarily use generated cash flow for investing in continued growth.

About Yubico

Yubico (Nasdaq First North Growth Market Stockholm: YUBICO), the inventor of the YubiKey, offers the gold standard for phishing-resistant multi-factor authentication (MFA), stopping account takeovers in their tracks and making secure login easy and available for everyone. Since the company was founded in 2007, it has been a leader in setting global standards for secure access to computers, mobile devices, servers, browsers, and internet accounts. Yubico is a creator and core contributor to the FIDO2, WebAuthn, and FIDO Universal 2nd Factor (U2F) open authentication standards, and is a pioneer in delivering modern, hardware-based passkey authentication security at scale to customers in over 160 countries.

Yubico’s solutions enable passwordless logins using the most secure form of passkey technology. YubiKeys work out-of-the-box across hundreds of consumer and enterprise applications and services, delivering strong security with a fast and easy experience.

As part of its mission to make the internet more secure for everyone, Yubico donates YubiKeys to organizations helping at-risk individuals through the philanthropic initiative, Secure it Forward. The company is headquartered in Stockholm and Santa Clara, CA. For more information on Yubico, visit us at www.yubico.com.