Nedap (NEDAP) Q1 2025 TU earnings summary

Executive summary

• Revenue excluding scale-down solutions increased by 10% in Q1 2025 year-over-year, with total revenue growth at 6% including scale-down solutions.

• Recurring revenue rose 12% year-over-year, now representing 40% of total revenue, driven by SaaS and subscription-based solutions.

Financial highlights

• Revenue growth was led by Healthcare, Livestock, and Retail markets, while Security market revenue declined due to project delivery timing.

• Recurring revenue expansion reflects successful adoption of software and subscription models across key markets.

Outlook and guidance

• Anticipates further revenue growth for full year 2025, barring unforeseen events such as trade tariffs or geopolitical disruptions.