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12 May 2026

Recent Results

H1 2025/26

Challenging environment // Second quarter below expectations // Acquisition and integration of »apsolut Group« // Revision of 2025/26 forecast with immediate implementation of a programme to boost competitiveness

At a Glance

  • Revenue of EUR 250.4 million, down 3% on prior-year level (H1 24/25: EUR 257.6 million); Cloud and services growth at 3%; Software and Support revenue falls significantly by 8%
  • Share of recurring revenues increases to 53% (H1 24/25: 52%)
  • EBIT margin before M&A effects (non-IFRS) falls to 2.8% (H1 24/25: 5.4%)
  • EBIT before M&A effects (non-IFRS) at EUR 6.9 million (H1 24/25: EUR 14.0 million), 51% below the prior-year level, largely due to a weak 2nd quarter 2025/26
  • Revision of 2025/26 forecast in line with the financial year’s performance to date, with immediate implementation of a programme to enhance competitive­ness from May 2026

Key Figures: 6 Months 2025/26

Revenue

-3%

in EUR millions

250.4

H1 24/25: 257.6

EBIT before M&A effects (non-IFRS)

-50%

in EUR millions

6.9

H1 24/25: 14.0

Recurring revenue

0%

in EUR millions

133.2

H1 24/25: 133.5

Result for the period

-78%

in EUR millions

1.6

H1 24/25: 7.4

Employee retention

in %

91.2


H1 24/25: 91.2

Health index

in %

96.3


H1 24/25: 96.3

Documents and links

H1 2025/26

Half-Year Financial Report

PDF

H1 2025/26

Corporate Presentation

PDF

Live Recording of Investor Call

H1 2025/26

Archive of Investor Calls

06.02.2026 // 3 Months 2025/26

Live Recording for 1st Quarter 2025/26

15.12.2025 // 12 Months 2024/25

Live Recording for Financial Year 2024/25

07.08.2025 // 9 Months 2024/25

Live Recording for 3rd Quarter 2024/25

15.05.2025 // 6 Months 2024/25

Live Recording for Half-Year 2024/25

10.02.2025 // 3 Months 2024/25

Live Recording for 1st Quarter 2024/25

16.12.2024 // 12 Months 2023/24

Live Recording for Financial Year 2023/24

08.08.2024 // 9 Months 2023/24

Live Recording for 3rd Quarter 2023/24

16.05.2024 // 6 Months 2023/24

Live Recording for Half-Year 2023/24

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