Erik Lindholm-Rojestal's questions to Yubico (YUBCF) leadership • Q1 2025
Question
Erik Lindholm-Rojestal inquired about the weak Q1 order bookings, the nature of ongoing customer discussions, whether delayed Q1 orders materialized in Q2, and if the slowdown was primarily affecting new or existing customers.
Answer
CEO Mattias Danielsson confirmed a slowdown in large deployment decisions towards the end of Q1 due to macroeconomic uncertainty, impacting both new customers and existing ones scaling up. He noted that while some delayed orders did close in early Q2, the general hesitation from customers on major investments has continued. Danielsson emphasized that smaller orders are still coming in steadily and customer engagement remains high, with delays being the primary issue rather than cancellations.