Planisware (PLNW) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 revenue reached €51.0 million, up 13.6% year-over-year in constant currencies, aligning with low double-digit growth targets.

• Growth was driven by strong new customer implementations, high demand for advanced SaaS solutions, and a surge in new contract signings.

• AI-powered capabilities were launched, generating strong client interest and reinforcing competitive differentiation.

• Geographic expansion continued with new offices in Rome and Vienna and increased presence in high-potential European markets.

• 2026 objectives for revenue growth, adjusted EBITDA margin, and cash conversion rate were confirmed.

Financial highlights

• Recurring revenue reached €46.3 million in Q1 2026, up 11.5% year-over-year, representing 91% of total revenue.

• SaaS & Hosting revenue grew 20.5% year-over-year, now representing over 50% of total revenue for the first time.

• Implementation revenue surged 64.8% due to high volumes of new contracts and onboarding new clients.

• Perpetual license revenue declined by 49.1%, now less than 1% of total revenue, reflecting the shift to SaaS.

• FX headwinds, mainly USD and JPY depreciation, negatively impacted reported revenue.

Outlook and guidance

• 2026 guidance reaffirmed: low double-digit revenue growth in constant currencies, ~37% adjusted EBITDA margin, and ~80% cash conversion rate.

• Continued investment in long-term growth, innovation, and geographic expansion while maintaining profitability.