Nagra Due Diligence

Run due diligence on Nagra: check compliance and get alerts when suppliers change.

Switzerland · dtv.nagra.com · 15 vendors

Nagra, a digital TV division of the Kudelski Group, is a leading provider of content protection and multiscreen user experience solutions for pay-TV operators and content owners worldwide. The company offers secure, open, and integrated platforms and applications across broadcast, broadband, and mobile platforms, enabling the monetization of digital media and personalized viewing experiences.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 15 sub-vendors.

Insights

Last updated 2026-03-04 · revision 5

15 direct vendors, 192 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

4 in-scope frameworks identified; showing 3.

NIS2 (source) — No public evidence

Evidence: https://www.nagra.com/investors/annual-report, https://nagra.vision/security-solutions/, https://www.nagra.com/business-activities/cybersecurity

SOC 2 (source) — No public evidence

Evidence: https://www.nagra.com/business-activities/cybersecurity, https://nagra.vision/streaming-solutions/, https://nagra.vision/security-solutions/

ISO 27001 (source) — No public evidence

Evidence: https://www.nagra.com/business-activities/cybersecurity, https://nagra.vision/security-solutions/, https://www.nagra.com/investors/annual-report

Financials

Three-year financials

Financial Resilience Score: 5/10

The Kudelski Group, and by extension its Nagra divisions, exhibits moderate to low financial resilience based on the recent three-year performance: The sharp decline in Operating Income (EBIT) from CHF 35.8 million in FY2021 to CHF 10.9 million in FY2023 is a significant concern. This indicates weakening operational performance and reduced ability to generate profits from core activities. A consistent decline in revenue over three years suggests challenges in market demand, competitive pressures, or the sunsetting of older technologies. While the Group is undergoing a strategic transformation, the current trend impacts its ability to invest and grow. The decrease in total equity points to a reduction in the company's financial buffer and net worth. While not critically low, a sustained decline can limit future financing options and absorb potential losses. While specific cash and debt figures are not provided in the table above, Kudelski Group typically maintains a reasonable cash position and manages its debt. However, declining profitability can strain cash flow generation, impacting liquidity over time if not managed effectively. Nagra's Digital TV segment remains a leader in content protection and media technology, providing a stable base of recurring revenue from long-term contracts. Its Public Access division (SKIDATA) also holds a strong market position in access control solutions. These strong market positions provide some inherent resilience, but they are not immune to broader market shifts and technological disruptions. The Group is actively pursuing a transformation strategy, focusing on growth areas like cybersecurity and IoT, and optimizing its traditional businesses. The success of these initiatives will be crucial for improving future resilience. In summary, while Nagra's core businesses maintain strong market positions, the consolidated Kudelski Group's recent financial performance, particularly the declining revenue and profitability, suggests a need for careful management and successful execution of its strategic transformation to enhance its long-term financial resilience.

Key strengths: Nagra's Digital TV segment is a leader in content protection and media technology with stable recurring revenue., Public Access division (SKIDATA) holds a strong market position in access control solutions., Strong market positions provide inherent resilience., Active pursuit of transformation strategy, focusing on growth areas like cybersecurity and IoT.

Risk factors: Sharp decline in Operating Income (EBIT) over three years., Consistent revenue contraction over three years., Erosion of Total Equity., Declining profitability can strain cash flow generation and liquidity., Challenges in certain legacy businesses and ongoing transformation efforts., Traditional Nagra Digital TV business faces structural challenges.

Revenue by geography

Revenue by product/service

Workforce by country

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