Wirtek A/S: Wirtek announces expectations for 2025 and audited results for 2024

Company Announcement no. 02/2025
17 March 2025

 This announcement contains inside information concerning 2025 expectations

Wirtek's Board of Directors hereby publishes the expectations for 2025, along with the audited financial results for 2024, following the completion of the budgeting process, annual customer negotiations, and an assessment of the recent increase in geopolitical uncertainty.

(*) Wirtek will publish the annual report for 2024 on 19 March 2025.

Expectations for 2025

Revenue for 2025 is expected to be in the range of DKK 70.0 million to DKK 75.0 million, reflecting a change of -3% to +4% compared to DKK 71.9 million in 2024. EBITDA is projected to be between DKK 1.0 million and DKK 5.0 million, representing a decline of 4% to 81% relative to EBITDA of DKK 5.2 million in 2024.

These expectations account for the essential investments Wirtek is making in business development, as well as in scalable products and platforms. Although the investments will have a short-term impact on EBITDA, they are expected to deliver positive results in both revenue growth and profitability over the medium to long term.

Audited results for 2024

The financial results for 2024 have been audited. Revenue of DKK 71.9m is slightly below and EBITDA of
DKK 5.2m is within the latest announced expectations (see company announcement no. 17/2024).

Further information

• Michael Aaen, CEO, Wirtek A/S, Phone: +45 2529 7575, E-mail: ir@wirtek.com
  Niels Jernes Vej 10, 9220 Aalborg, Denmark, www.wirtek.com
• Kent Mousten Sørensen, Chairman, Wirtek A/S, Phone: +45 2125 9001
• Pernille Friis Andersen, HC Andersen Capital, Certified Advisor, E-mail: pernille@hcandersencapital.dk

About Wirtek

Wirtek A/S is a Danish IT Services and Solutions company that provides software development, testing, and consultancy services to help clients worldwide. Wirtek specializes in Digitalization, Energy, Workforce & Facility Management, Wireless Communication & Automation, and Trade & E-commerce.

At Wirtek, we prioritize building long-term client relationships, with some lasting over a decade. We believe that quality partnerships are just as important as software quality in achieving our client's goals. Established in 2001, we have offices in Denmark, Romania and Portugal and have been listed on Nasdaq First North Copenhagen since 2006. 

Ticker Code: WIRTEK (DK0060040913)