contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


wirtek-financial-results-fy2024-as-expected-despite-reduced-dividends-to-preserve-cash-for-acquisitions

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Equity Research Analyst

Philip Coombes

WirTek is an IT company. The company focuses on the development of software and hardware solutions that affect web, mobile, and integrated complete systems. The company operates worldwide, with the largest presence in the Nordic region and Europe, where customers mainly consist of small and medium-sized corporate customers. WirTek was founded in 2001 and is headquartered in Aalborg.

Wirtek

This morning, Wirtek published its full annual report FY 2024, showing revenue of DKK 71.9 million (+2% y/y), which had been previously announced to the market, and is a little below its latest 2024 guidance of DKK 72.5-73.5 million. The revenue growth was supported driven by Wirtek’s two energy-focused acquisitions in 2024 of Pragmasoft and Seluxit, with 84% y/y growth in its energy segment, and some decline in its other segments amid challenging markets.

This morning, Wirtek published its full annual report FY 2024, showing revenue of DKK 71.9 million (+2% y/y), which had been previously announced to the market, and is a little below its latest 2024 guidance of DKK 72.5-73.5 million. The revenue growth was supported driven by Wirtek&#x2019;s two energy-focused acquisitions in 2024 of Pragmasoft and Seluxit, with 84% y/y growth in its energy segment, and some decline in its other segments amid challenging markets.
Wirtek&#x2019;s EBITDA was DKK 5.2 million FY2024, also previously announced, was at the lower end of its latest DKK 5-6 million guidance, reflecting a 7.3% margin, a slight step down from the 8.9% realized in 2023. However, when adjusting for acquisition costs the FY2024 adj. EBITDA margin rose to 8.7%, roughly in line with 2023.
Looking ahead to 2025, Wirtek expects revenue between DKK 70-75 million (-3% to +4% growth) as market conditions remain challenging amid geopolitical uncertainties that lead to delayed investment decisions. Wirtek expects a lower EBITDA in 2025 in the range of DKK 1.0-5.0 million, somewhat due to short-term elevated investment spending, with the goal of &#x201c;returning to double-digit organic growth in 2026&#x201d;. The guidance had also been announced previously.
Due to Wirtek&#x2019;s plans to support organic growth with acquisitions its dividends announced in connection with the FY2024 report are reduced to DKK 0.23 per share, from DKK 0.38 per share in connection with FY2023, to preserve cash to support investments and acquisitions. The dividend reflects a 3.2% dividend yield from yesterday&#x2019;s closing prices. Wirtek also announced that additional cash has been earmarked for possible share buy-back programs in 2025 and remains focused on supporting organic growth with acquisitions, which a solid balance sheet with a low gearing ratio of 0.65x (NIBD/EBITDA) can support.
Wirtek CEO Michael Aaen will host an event presenting the annual results at 1:00 PM later today. Register and ask questions here: <a href="https://www.inderes.dk/videos/wirtek-presentation-of-full-year-2024-results">https://www.inderes.dk/videos/wirtek-presentation-of-full-year-2024-results</a>
Disclaimer: HC Andersen Capital receives payment from Wirtek for a DigitalIR / corporate visibility subscription agreement. / Philip Coombes 09:19

HC Andersen Capital

Wirtek: Financial results FY2024 as expected despite reduced dividends to preserve cash for acquisitions 