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Research

Wirtek (One-pager): Shifting from a pure services to a Services & Solutions model

Wirtek
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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

Wirtek

6.26DKK2025-04-03 17:20

WirTek is an IT company. The company focuses on the development of software and hardware solutions that affect web, mobile, and integrated complete systems. The company operates worldwide, with the largest presence in the Nordic region and Europe, where customers mainly consist of small and medium-sized corporate customers. WirTek was founded in 2001 and is headquartered in Aalborg.

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