Switzerland's Trifork Q1 revenue falls on impact of Trifork divestment

Trifork AG

05/05/2026 06:11

Overview

The Swiss technology firm's Q1 revenue declined 2% yr/yr

Adjusted EBITDA rose 27% yr/yr, margin improved to 16% from 12%

Company reiterated 2026 financial guidance for revenue and adjusted EBITDA growth

Outlook

Trifork expects 2026 revenue in the range of EUR 230 to 240 mln

Company expects 2026 organic revenue growth of 7-11%

Trifork sees 2026 adj EBITDA between EUR 35-40 mln, margin of 15-17%

Result Drivers

PRODUCTS SEGMENT - Organic revenue growth in Products was 28% ex. hardware, with improved margins driven by increased software sales to complex and regulated industries

HARDWARE SALES IMPACT - Overall revenue decline and flat organic growth were mainly due to the divestment of Trifork Security and timing effects from significant hardware sales in the prior year

SERVICES PERFORMANCE - Services revenue increased 1% with stable adjusted EBITDA margin, reflecting fine-tuning of delivery and pricing models

Company press release: ID:nGNE2vPPD1

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 56.10 mln
EUR 58.30 mln (2 Analysts)
Q1 EBIT
EUR 4.70 mln
EUR 4.15 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Trifork Group AG is DKK115.00, about 28.9% above its May 4 closing price of DKK89.20

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)