Wirtek – Presentation of Full-Year 2024 Results

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Wirtek will release its Full-Year 2024 report on Wednesday 19 March 2025. Management will present the results and host a live virtual Q&A session on 19 March 2025, at 13.00. In addition to the financial results, the event will include an update on recent business developments and provide insights into current market conditions.

Wirtek updated its financial expectations for the full-year 2024 in December 2024, now expecting DKK 72.5 - 73.5m (DKK 74 - 78m previously), and an Adj. EBITDA of DKK 5.0 - 6.0m (from DKK 6.5 – 7.5m previously). The guidance reflects a 3-4% revenue growth on a group level as its acquisitions of Seluxit and Pragmasoft in 2024, supported topline development in otherwise challenging markets. The acquisitions bolstered Wirtek’s solutions business within its fast-growing energy sector and are a part of its strategy to grow its scalable IoT solutions.

In addition to the financial results there will likely be a focus on the mid-term strategy as the previous AccelerateXL25 strategy was removed in December. The company has a strong balance sheet despite making two acquisitions in 2024, and management may provide greater insight into the new mid-term strategic direction and greater focus on the energy sector.

Wirtek is a Danish-listed IT outsourcing company specializing in software development and technology solutions. Wirtek partners with clients to deliver high-quality, flexible software engineering and technical support services across various industries. While Denmark remains its largest market Wirtek operates internationally, helping customers scale their IT capabilities efficiently and cost-effectively.

Disclaimer: HC Andersen Capital receives payment from Wirtek for a Corporate Visibility/Digital IR subscription agreement. /Philip Coombes 09.12, 3 March 2025.