Denmark's Wirtek Q1 EBITDA turns positive on stronger gross margin and cost discipline

Wirtek A/S

13/05/2026 09:41

Overview

Denmark IT services provider's Q1 revenue was flat yr/yr at DKK 15.5 mln

EBITDA turned positive, driven by stronger gross margin and cost discipline

Pre-tax loss narrowed sharply from prior year, mainly due to lower amortisation

Outlook

Wirtek maintains full-year 2026 revenue guidance of DKK 65.0m–70.0m, up 1–9% vs 2025

Company expects 2026 EBITDA of DKK 3.0m–6.0m, up 76–253% from 2025

Wirtek says Q1 results align with trajectory needed to deliver on full-year guidance

Result Drivers

COST DISCIPLINE - Co said stronger gross margin and disciplined cost execution following 2025 structural changes drove margin improvement

SERVICE IMPROVEMENTS - Sharper delivery, better utilisation and first AI-assisted offerings in Services division contributed to margin gains

SOLUTIONS PROGRESS - Wirtek IoT Suite continued to mature, with validation of high-value use cases in energy and industrial IoT

Company press release: ID:nWkr8BNdyG

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
DKK 15.49 mln
Q1 EBITDA
DKK 604,000
Q1 EBITDA Margin
3.9%
Q1 Pretax Profit
-DKK 232,000


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(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.)