Nedap N.V. — Earnings Release 2025

Apr 8, 2025

nedap

1/2 Press release

Trading update Q1 2025

Groenlo, the Netherlands, 8 April 2025, 07:00 CET.

Key points

• Revenue excluding scale-down solutions grew by 10% in the first quarter of 2025 compared to the first quarter of 2024. Revenue growth including scale-down solutions amounted to 6%.
• Recurring revenue was up 12% on the same period last year and accounted for 40% of total revenue.
• Refinancing agreement concluded, providing more flexibility and an optimized cost structure.

Revenue excluding the impact of scale-down solutions grew by 10% in the first quarter of 2025 compared to the same period in 2024, continuing the positive trend as observed in the second half of 2024. This increase was driven by the Healthcare, Livestock and Retail key markets, while revenue in the Security key market declined due to the timing in the delivery of products related to larger projects. Revenue growth including the impact of scale-down solutions amounted to 6%.

Recurring revenue grew by 12% in the first quarter of 2025. This increase was driven by the expansion of Nedap's software-as-a-service propositions and subscription-based solutions in all key markets.

Outlook

For the full year 2025, unforeseen circumstances notwithstanding — such as the uncertainty around trade tariffs or geopolitical disruptions — we anticipate further revenue growth, driven by growth in all key markets.

Refinancing agreement

We have extended and enlarged the current multi-purpose credit facility as of April 2025. This offers financing flexibility with a more optimized cost structure. The current standby roll-over loan, which is due on 1 April 2026, will be repaid. The total credit facility amounts to €35 million, with an additional €10 million available in the period between 1 April and 30 September. As with the current agreement, the extended agreement does not include any covenants.

Annual general meeting

The annual general meeting will be held on Thursday 17 April 2025 at 10:30 CET at the Van der Valk Hotel Amsterdam Amstel, Joan Muyskenweg 20, 1096 CJ, Amsterdam.

Key dates relating to the dividend

23 April 2025 - Ex-dividend date
24 April 2025 - Record date
30 April 2025 - Dividend payable date

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nedap

About Nedap N.V.

Nedap is a leader in Digital Twin Technology, bridging the physical and digital worlds in Healthcare, Livestock, Retail and Security. Through our Technology for Life philosophy, we create sustainable, forward-thinking solutions that help people and organizations succeed in an ever-changing world.

Nedap N.V. has a workforce of over 1,000 employees and operates on a global scale. The company was founded in 1929 and has been listed on Euronext Amsterdam since 1947. Its headquarters is located in Groenlo, the Netherlands.

For more information, please contact:
Ruben Wegman
CEO
+31 (0)544 47 11 11
ir@nedap.com
nedap.com

Disclaimer

This press release contains the Board of Directors' forward-looking statements and expectations based on current insights and assumptions, which are subject to known and unknown risks and uncertainties. The actual results or events could differ from these expectations due to changes in the economic climate, developments on specific markets, orders from individual customers and/or other developments.

Nedap cannot be required to update the forward-looking statements contained in this document or held responsible for doing so, regardless of whether they are related to new information, future events or suchlike, unless Nedap is required to do so by law.

In case of discrepancies, inconsistencies or interpretation differences between the English and the Dutch version of this press release, this English version will be leading.