Exasol AG (EXLGF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

So the earnings call of Exasol AG regarding the financial half-year figures of 2026. The CEO Jörg Theves and CFO Jan-Dirk Henrich will guide you through the presentation and the figures shortly, followed by a Q&A session via audio line and chat. And with that, I am handing over to you, Mr. Theves. Thank you, Judith. Good afternoon, everybody. Thank you for joining our investor call. So we're going to today talk about the figures, the unordered figures for the first half of 2026. And as usual, I will walk you through the high-level numbers. some strategic updates, and my colleague, JD, our CFO, will provide more insight to the details, financial details. And then at the end, we're going to do a question and answer session. So we're looking forward to your questions and feedback. So, as I said, we're going to start with a business update, current trading update, an outlook and summary, and then questions and answers. So this is our standard disclaimer. Now let me start with the update for what happened in the first half of 2026 for XSO. So overall, here are the key figures. Let me speak to this and I'll provide some, like I said, high level overview and we will dive into more details later in the presentation. So, we have the year-over-year recurring revenue is slightly up, driven by substantial churn reduction. So, we actually have a significant less churn in the first half of 2026 than we had last year. So, the churn rate decreased to about 10%. Last year, we had 24%. So, and we expect that ratio to continue also for the remainder of the year. Our revenue and EBITDA year over year comparison is affected by non-recurring items in FY25. So last year, for those of you who have been with us for a longer time, we had a large one-time hardware deal with one of our largest ...