Webstep

Webstep ASA: First quarter results 2025

Oslo, 23 May 2025: Webstep ASA today reports revenues of NOK 236.4 million

(229.7) for the first quarter 2025, an increase of 2.9 per cent compared to the

same period 2024. EBIT was NOK 22.6 million (21.4), corresponding to an EBIT

margin of 9.6 per cent (9.3).

"We are satisfied with reporting growth and margin improvement in a challenging

market. The results are delivered with a flat number of consultants, while there

was one workday more in the first quarter of this year compared to 2024," says

CEO of Webstep Kristine Lund.

The short-term market conditions are volatile, as the extraordinary geopolitical

and macroeconomic uncertainty reduces visibility. The activity in the energy and

public sectors has so far been less impacted by the macro softness.

"With a significant exposure to the energy sector, our regional offices grew

revenue by 10.6 per cent, compared to a decline of 2.5 percent in Oslo. Looking

ahead, our revenue visibility is significantly shorter than normal. Customers

are hesitant to initiate new projects, and take longer to make investment

decisions. At the same time, there is still a significant demand for support for

digitalisation and efficiency improvements driven by data and insight. The

activity within the energy sector remains consistently strong," states Kristine

Lund.

While Webstep's rolling 12 months EBIT margin is at its highest level since Q2

2022, Webstep continues to focus on further enhancing growth and profitability.

"Webstep is positioned as a provider of high-competence senior consultants, and

we continue to sharpen this profile. With a strong team, and a healthy cost base

we are well positioned to weather the challenging market and move our strategy

forward. Our potential is substantial and our goal of more than 10 per cent EBIT

margin combined with a healthy top-line growth stands firm," states 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.

AI Terminal