Dataproces Group (DATA) Q1 24/25 earnings summary

Executive summary

• Revenue grew to DKK 8.2m in Q1 2024/25, up from DKK 5.2m in Q1 2023/24, a 50%+ increase, driven by both Dataanalyser & Rådgivning and Software sales.

• EBITDA improved to DKK 2.9m from -0.8m year-over-year, reflecting operational improvements and cost control.

• Net income reached DKK 0.6m, a turnaround from a loss of DKK -2.1m in the prior year quarter.

• SaaS business expanded, with 163 active subscriptions and ARR rising 47% year-over-year to DKK 19.3m.

• 87 out of 98 Danish municipalities now use at least one Dataproces SaaS solution.

Financial highlights

• Revenue: DKK 8.2m in Q1 2024/25 vs. DKK 5.2m in Q1 2023/24.

• EBITDA: DKK 2.9m vs. DKK -0.8m year-over-year.

• Net income: DKK 0.6m vs. DKK -2.1m year-over-year.

• ARR: DKK 19.3m as of July 2024, up from DKK 13.2m a year earlier.

• Cash position improved to DKK 3.3m from a net overdraft of DKK -3.7m year-over-year.

Outlook and guidance

• ARR expected to grow 30-40% in 2024/25, corresponding to DKK 5.5–7.3m increase.

• Full-year revenue guidance: DKK 33–38m; EBITDA: DKK 10–14m; EBIT: DKK 2–4m.

• Pipeline remains strong, with continued focus on SaaS growth and new module launches.