Company Announcement no. 5/2026
13 May 2026
Wirtek's Board of Directors has today approved the interim report for Q1 2026. Below a summary - the detailed report is attached to this announcement.
CEO Michael Aaen comments:
"Q1 2026 marks the first full quarter under the new strategy introduced in November 2025, and the initial results are encouraging. EBITDA returned to positive territory at TDKK 604, against negative TDKK 1,113 a year ago, with the margin moving from negative 7.2% to positive 3.9%. Revenue held steady year-on-year. The work we did in 2025 is now showing up in the numbers.
Both divisions are progressing as planned. In Services, sharper delivery, better utilisation and our first AI-assisted offerings are translating directly into margin and giving us a clearer path away from pure time-and-materials engagements. In Solutions, the Wirtek IoT Suite continues to mature, and we are validating high-value use cases in energy and industrial IoT. The investment phase is proceeding as intended, with no change to the timeline.
"More than 70% of our revenue now comes from markets outside Denmark, with the US, the Netherlands and Portugal each making meaningful contributions. That international footprint provides both resilience and opportunity, and it will remain a key focus area for growth through the rest of the year."
Financial highlights for the period 1 January - 31 March 2026
| TDKK | Q1 2026 | Q1 2025 | Change |
| Revenue | 15,486 | 15,537 | -0.3% |
| EBITDA | 604 | -1,113 | N/A |
| EBITDA-margin (%) | 3.9% | -7.2% | N/A |
| Pre-tax profits (EBT) | -232 | -1,961 | -88% |
| Equity | 13,892 | 17,945 | -23% |
| Net cash holdings | -3,982 | -2,050 | -94% |
Results during Q1 2026
Outlook for 2026
The Board of Directors maintains the full-year 2026 expectations. Q1 is typically a seasonally soft quarter, and the result is consistent with the trajectory required to deliver on the guidance.
Financial calendar
Interim report Q2 2026: 12 August 2026
Interim report Q3 2026: 11 November 2026
Contact information
About Wirtek
Wirtek A/S is a Danish IT Services and Solutions company delivering software development, embedded engineering, R&D, quality assurance, and testing services to clients worldwide. We specialise in key industries such as Energy, Wireless Communication, Automation & IoT, and Digitalisation, where emerging technologies drive rapid innovation. In addition, Wirtek offers a growing portfolio of proprietary solutions tailored to the Energy and IoT sectors.
At Wirtek, we prioritise long-term client relationships, with some lasting more than a decade. We believe that strong partnerships are as critical as technical excellence in achieving sustainable success. Wirtek operates from offices in Denmark, Romania, and Portugal, and has been listed on Nasdaq First North Copenhagen since 2006.
Ticker Code: WIRTEK (DK0060040913)