Denmark · Delayed Price · Currency is DKK Wirtek Earnings Call Transcripts
Fiscal Year 2025
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Revenue declined 10% in 2025 due to a major client loss and market headwinds, but sequential EBITA improvement and a strong Q4 signal recovery. 2026 guidance anticipates modest revenue growth and a significant EBITA increase, supported by investments in AI and solutions.
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Q3 saw sequential revenue and EBITDA growth, driven by improved utilization and cost optimization, though both remain below last year. The new strategy targets organic growth from 2025, with a focus on recurring revenue, AI, and EU energy sector solutions.
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Q2 saw a return to positive EBITDA of DKK 0.3 million, driven by cost optimizations and new U.S. orders, despite an 8% year-over-year revenue decline. Revenue guidance for 2025 was lowered, but profitability guidance was maintained, with H2 expected to show growth.
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Q1 saw a 14% revenue decline and negative EBITDA due to client project completion and investments, but international growth and a strong sales pipeline support a positive outlook. Energy sector revenue surged 67% year-over-year, and cost-saving measures are underway.
Fiscal Year 2024
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Revenue grew 2% in 2024, with clean energy now the largest segment after 84% growth. Conservative 2025 guidance reflects market uncertainty, with continued investment in scalable solutions and a new capital allocation policy balancing dividends and share buybacks.
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Q3 saw strong growth driven by acquisitions and a booming energy segment, now the largest revenue contributor. Adjusted EBITDA margin reached 12.7%, and new contracts in solutions are set to boost 2025 revenue by over DKK 5 million.