Nedap (NEDAP) Q2 2026 earnings summary

Executive summary

• Revenue rose 13% year-over-year to €152.0 million in H1 2026, with all key markets contributing to growth and a continued focus on sustainable long-term growth and ongoing investment.

• Recurring revenue increased 17% to €63.3 million, now representing 42% of total revenue, reflecting strong adoption of digital and as-a-service solutions.

• Operating profit grew 33% to €18.3 million, and net profit increased 35% to €14.7 million.

• The Step Up! strategy is driving expansion, emphasizing scalable, value-adding solutions and increased adoption of Digital Twin Technology, especially in Livestock and Healthcare.

• A Capital Markets Day is planned for mid-2027 to outline the next strategic phase.

Financial highlights

• Revenue reached €152.0 million in H1 2026, up 13% year-over-year from €134.9 million in H1 2025.

• Recurring revenue grew 17% to €63.3 million, accounting for 42% of total revenue.

• Operating profit increased 33% to €18.3 million, with operating margin rising to 12.1% from 10.3%.

• Net profit rose 35% to €14.7 million compared to €10.9 million in H1 2025; EPS increased to €2.22 from €1.65.

• Added value as a percentage of revenue improved to 74.8% from 73.2%; operating cash flow increased to €30.2 million from €22.2 million.

Outlook and guidance

• Revenue growth is expected in H2 2026 compared to H2 2025, supported by customer adoption and ongoing investments in technology, AI, and cybersecurity.

• Geopolitical and market conditions may impact growth pace.

• Ongoing investment and focus on sustainable long-term growth and scaling technology solutions remain priorities.