Wirtek (One-pager): Shifting from a pure services to a Services & Solutions model
Read the latest Wirtek One-pager following the FY2024 annual report, which includes a company overview, valuation perspectives compared to peers, key investment risks, and highlights of the strategic outlook for 2025 and beyond.
Wirtek delivered 2% revenue growth in 2024, reaching DKK 71.9 million, driven by strong performance in its Energy business unit, which grew 84% YoY and now accounts for 34% of total revenue. Profitability was impacted by increased investment and one-off costs related to acquisitions, with EBITDA declining 17% to DKK 5.2 million.
Looking ahead, 2025 guidance points to stable revenues (DKK 70–75 million) as Wirtek enters a transitional year, shifting from a pure services model to a two-division structure (Services & Solutions) and ramping up its focus on IoT-based scalable platforms and recurring revenue.
To learn more about Wirtek’s strategic direction and the outlook for growth beyond 2025, read the full one-pager or catch up on the latest FY2024 results presentation with CEO Michael Aaen. Link: https://www.inderes.dk/videos/wirtek-presentation-of-full-year-2024-results
Disclaimer: HC Andersen Capital receives payment from Wirtek for a DigitalIR/corporate visibility subscription agreement./ Philip Coombes 15:50 03.04.2025, updated 11:46 04.04.2025
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Wirtek
WirTek är ett IT-bolag. Bolagets verksamhet är inriktad mot utveckling av mjuk- och hårdvarulösningar som berör webb, mobil- samt integrerade helhetssystem. Verksamhet innehas på global nivå, med störst närvaro inom Norden och Europa, där kunderna huvudsakligen består av små - och medelstora företagskunder. WirTek grundades 2001 och har sitt huvudkontor i Aalborg.
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