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Planisware (PLNW) investor relations material
Planisware Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue increased by 9% year-over-year in constant currency, with year-to-date growth at 10.3%, driven by SaaS & Hosting subscriptions and strong new client signings, especially in the US, Europe, and Asia-Pacific.
Macroeconomic headwinds, including pressured IT budgets, erratic AI investments, and elongated decision cycles, have impacted growth, but recent weeks show improved commercial activity and contract signings.
Commercial momentum is expected to reaccelerate, supported by a competitive AI strategy, moderated price increases, and international expansion, including a new office and data centers in Australia.
2025 financial objectives are reaffirmed, with management expressing cautious optimism for re-accelerating growth in 2026.
Financial highlights
Q3 2025 reported revenue was €49.6 million, up 5.7% year-over-year in current currencies and 9% in constant currencies, with a negative currency impact due to USD depreciation.
Year-to-date reported revenue reached €145.4 million, up 8.8% year-over-year, and €147.4 million in constant currency (+10.3%).
Recurring revenue made up 89–91% of total revenue, growing 9.8–13.9% year-over-year, with SaaS revenue up 15.2–16.6% and representing 81% of total revenue.
Non-recurring revenue declined 16.7% year-to-date, with perpetual licenses down 25.5% and implementation revenue down 11.1–12.1%.
Perpetual licenses saw strong Q3 growth from extensions and upgrades, but remain a small and declining part of the business year-to-date.
Outlook and guidance
2025 objectives confirmed: ~10% revenue growth in constant currency, ~36% adjusted EBITDA margin, and ~80% cash conversion rate.
Recent strong contract signings are expected to have limited impact on FY2025 results due to SaaS revenue recognition timing, but support cautious optimism for re-accelerating growth in 2026.
Management remains confident in the business model and expects to return to double-digit growth in 2026, contingent on continued strong deal signings.
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