Sweden · Delayed Price · Currency is SEK Exsitec Holding AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw strong profitability with a 21% adjusted EBITDA margin and 17% growth in recurring software revenue. Organic growth was modest at 1%, but order intake surged 38%, and M&A activity is increasing. Market remains cautious, but signs of improvement are emerging.
Fiscal Year 2025
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Q4 saw strong adjusted EBITDA growth and margin improvement, driven by recurring software revenue and cost control. Market remains cautious, but new sales and M&A activity are picking up, with a focus on core digitalization and efficiency across segments.
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Q3 2025 saw strong growth in sales and profitability, with all segments reporting organic growth and recurring software revenue up 25% year-over-year. Order intake rose 10%, and margins improved across regions, while customer and employee retention remained stable.
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Q2 delivered stable margins and record order intake, with growth driven by acquisitions and recurring software revenue up 28% year-over-year. Customer sentiment remains cautious, impacting organic growth, but strong new sales and leads provide optimism for future quarters.
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Q1 saw record adjusted EBITDA and a return to organic growth, with strong order intake and robust performance in Denmark and Norway. Margins in Sweden declined due to lower professional service efficiency and higher trainee costs, while integration of recent acquisitions is progressing well.
Fiscal Year 2024
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Q4 revenue hit a record SEK 227 million, up 77% year-over-year due to acquisitions, but organic growth was negative and EBITDA declined. Strong order intake and recurring software revenue provide optimism for 2025, with a focus on sales execution, operational efficiency, and integrating recent acquisitions.
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Q3 2024 saw 5% revenue growth and strong recurring software revenue, but negative organic growth and lower margins due to heavy investment in new staff. The mFlow acquisition expands recurring revenue in Finland, and a CEO transition is underway.
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Q2 2024 saw 13% revenue growth and a 21% EBITDA margin, driven by strong recurring software revenue and improved cash flow. Market conditions remain slow, but optimism is rising, with a renewed focus on M&A and talent investment.