Nedap (NEDAP) Q2 2025 earnings summary

Executive summary

• Revenue rose 9% year-over-year to €134.9 million in H1 2025, with 17% growth in key markets and all segments contributing.

• Recurring revenue increased 11% and now represents 40% of total revenue.

• Net profit grew 34% to €10.9 million, and EPS increased 33% to €1.65.

• Investments focused on market share, commercial effectiveness, and competitive edge, aligned with the Step Up! Strategy.

Financial highlights

• Operating profit rose 31% to €13.8 million, with operating margin up to 10.3% from 8.5% year-over-year.

• Added value as a percentage of revenue improved to 73.2% from 71.0%.

• Operating costs increased 9% to €84.8 million, mainly due to higher personnel and sales & marketing expenses.

• Depreciation and amortization totaled €5.8 million, with €0.6 million in impairment costs for legacy technology.

• Net financing costs decreased to €0.3 million; tax rate stable at 19.5%.

Outlook and guidance

• Revenue growth expected across all key markets in H2 2025, despite potential geopolitical risks.

• Confidence maintained in strategic direction and execution capabilities.