Webstep

Webstep ASA: Second quarter results 2025

Oslo, 14 August 2025: Webstep ASA today reports revenues of NOK 215.0 million

for the second quarter 2025, a decline of 6.3 per cent from NOK 229.5 million in

the same period last year. The EBIT margin was 8.9 per cent, up from 8.3 per

cent, with EBIT stable at NOK 19.0 million.

While average hourly rates were higher than in the second quarter 2024,

reflecting Webstep's ambition to maintain premium positioning in the market

despite price pressures, the revenue decline was primarily a result of a decline

in utilisation and a slight reduction in the number of consultants.

In recent quarters, Webstep has implemented its renewed strategy and achieved

significant milestones. The company has strengthened its sales organisation,

enhanced its executive management team and support functions, carried out a cost

reduction programme, and introduced a new visual identity to boost its market

visibility.

"We have an ambition of being the most performance-oriented and agile in the

industry, which means that we constantly must develop and change. Even though

the market is challenging, we prioritise long-term strategic goals over short

-term gains, and against this backdrop, we are satisfied with delivering

continued margin increase in the second quarter over Q2 2024. The margin

improvement is the result of the cost reduction programme completed in 2024, our

continuous focus on cost efficiency and the successful increase of average

rates," says CEO of Webstep Kristine Lund.

Looking ahead, the enduring, long-term trends of digitalisation remain stable

both in the private and public sectors. In the near term, macroeconomic and

geopolitical volatility provides uncertainty. Underpinned by robust customer

relationships, deep expertise, and extensive experience in the strategic

application of AI, data, and insight technologies, Webstep is ideally positioned

to capitalise on any market recovery.

"While it takes time to reap the full benefits of our strategic shift, we are

confident that our renewed positioning will lead to growth and increased

profitability over time. Our cost base is lean, and once we return to a healthy

top-line growth we are well positioned to achieve our long-term goal of

exceeding a 10 per cent EBIT margin," says Kristine Lund.

Contact details for further information:

Henning Hesjedal, CFO

Cell: +47 916 83 601

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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