Denmark's Wirtek Q2 EBITDA jumps on lower staff costs, maintains 2026 revenue guidance
Denmark's Wirtek Q2 EBITDA jumps on lower staff costs, maintains 2026 revenue guidance
Overview
Denmark IT services firm's Q2 revenue fell 2.2% yr/yr amid stable demand and slower Solutions growth
Q2 EBITDA rose sharply, with margin up to 8.3% from 1.7% on lower staff costs
Company completed acquisition of Danish SaaS firm DitaExchange to expand in regulated industries
Outlook
Wirtek maintains 2026 revenue guidance at DKK 65.0 mln to DKK 70.0 mln, up 1%-9% yr/yr
Company expects 2026 EBITDA of DKK 3.0 mln to DKK 6.0 mln, up 76%-253% yr/yr
Wirtek says DitaExchange acquisition does not affect 2026 outlook due to limited impact this year
Result Drivers
MARGIN IMPROVEMENT - Co attributed higher Q2 margins to improved capacity utilisation, disciplined delivery, and increased contribution from AI-assisted, productised service offerings
LOWER STAFF COSTS - Lower staff costs following structural changes in 2025 contributed to improved profitability
Company press release: ID:nWkrb38T7L
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| DKK 15.13 mln |
|
Q2 EBITDA |
| DKK 1.26 mln |
|
Q2 EBITDA Margin |
| 8.30% |
|
Q2 Pretax Profit |
| DKK 487,000 |
|
Reuters Recommended Reads
Aug 11 - Finland's Siili Solutions Q2 revenue falls, cuts guidance
Aug 12 - Germany's Bechtle Q2 revenue rises on growth across regions; lifts outlook
Aug 11 - Denmark's ISS Q2 organic growth rises on new contract wins; increases buyback
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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.)
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