Nedap (NEDAP) Q1 2026 TU earnings summary

Executive summary

• Revenue increased by 14.3% year-over-year to €76.1 million in Q1 2026, with key markets growing 16.5%.

• Recurring revenue rose 15.5% to €31.0 million, now representing 40.8% of total revenue.

• Growth was particularly strong in the Livestock segment.

• CEO transition announced, with the outgoing CEO expressing confidence in future prospects.

Financial highlights

• Q1 2026 revenue: €76.1 million, up from €66.5 million in Q1 2025.

• Recurring revenue: €31.0 million, up from €26.9 million year-over-year.

• Recurring revenue now accounts for 40.8% of total revenue.

Outlook and guidance

• Continued revenue growth expected across all key markets for 2026 compared to 2025.

• Geopolitical developments may impact growth pace, but effects are not yet quantifiable.