Webstep

Webstep ASA: Third quarter results 2024

Oslo, 13 November 2024: Webstep ASA today reports revenues of NOK 189.4 million

(184.9) for the third quarter of 2024, a growth of 2.4 per cent compared to the

same period last year. EBIT was NOK 10.9 million (5.0), an increase of 118.0 per

cent, corresponding to an EBIT margin of 5.7 per cent (2.7).

"The overall momentum in Webstep is good, and we can see early positive effects

of the changes we are making throughout our organisation. In the third quarter,

we are happy with the continued growth in revenues and improved profitability.

This is a good achievement in a market with prolonged macroeconomic uncertainty,

particularly affecting our Oslo office. Our strong position in the energy sector

supports a better development in our regional offices on the west coast," says

CEO of Webstep Kristine Lund.

In the third quarter, Webstep concluded its divestment of Sweden, allowing full

focus on the Norwegian core market. The company has continued to streamline its

organisation and develop its leadership teams, including the appointment of

Henning Hesjedal, joining from Avanade.

"We have made several changes in our organisation and group structure over the

last couple of quarters, enhancing focus on sales and efficiency. Our employees

are our greatest asset, so we emphasise developing our commercial and social

culture. At the same time, I would like to reiterate that we have just started

on our journey to improve both with regards to growth and profitability," says

Kristine Lund.

Contact details for further information:

Nina Stemshaug, Interim CFO

Cell: +47 982 60 394

Website : www.webstep.com

Webstep ASA is a provider of consultancy services to the private and public

sector, with the IT expertise necessary to deliver the most demanding

digitalisation and IT services.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act

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