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Webstep (WSTEP) investor relations material
Webstep Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q2 2026 was 190.4 mNOK, down 11.4% year-over-year, mainly due to lower headcount and intensified competition, especially in the public sector.
EBIT was 13.9 mNOK (margin 7.3%), and net profit was 10.1 mNOK, a 31.8% decrease from Q2 2025.
AI remains a strategic priority, with admission to Anthropic's Claude Partner Programme and new advisory services moving into production for clients.
Completed first phase with Nettalliansen, secured new framework agreements, and launched notable AI projects for clients.
Continued selective recruitment and welcomed first summer students to support long-term talent development.
Financial highlights
Revenue of 190.4 mNOK, down 11.4% year-over-year; revenue per FTE up 2.8% to 501.1 tNOK.
EBIT of 13.9 mNOK, down 26.8% year-over-year, with a 7.3% EBIT margin (down from 8.9%).
EBITDA at 18.2 mNOK (9.6% margin), net profit at 10.1 mNOK.
EPS at 0.37 NOK, down from 0.55 NOK in Q2 2025.
Cash and short-term deposits at quarter-end were 10.3 mNOK, down from 54.4 mNOK a year earlier.
Outlook and guidance
Market demand expected to remain moderate with no significant short-term recovery, especially in the public sector.
Continued commercial execution, broader customer base, and AI capabilities to support gradual financial improvement.
Strategic focus on strengthening client relationships and investing in commercial and AI capabilities.
- Revenue and EBIT fell on lower headcount, but AI investments and new agreements support recovery.WSTEP
Q1 2026 - Revenue and profit declined, but backlog, AI focus, and dividend remain strong.WSTEP
Q4 2025 - Q3 revenue dropped 5.8%, but EBIT margin held at 7.9% YTD amid strong Data & AI and contract wins.WSTEP
Q3 2025 - EBIT margin rose to 8.9% in Q2 2025 as contract wins and Data & AI growth offset revenue decline.WSTEP
Q2 2025 - Q3 2024 delivered higher revenue and profit, with a Norway-only focus and energy sector strength.WSTEP
Q3 2024 - Q2 revenue and profit rose as focus shifted to Norway and cash flow strengthened.WSTEP
Q2 2024 - Revenue, profit, and margins rose, with strong regional growth and resilient sector demand.WSTEP
Q1 2025 - EBIT margin and net profit rebounded in 2024, supported by cost controls and sector growth.WSTEP
Q4 2024
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