Q3 2025 Techstep ASA Earnings Call Transcript
Key Points
- Techstep ASA (OSL:TECH) achieved an all-time high annual recurring revenue of 340 million, growing 4% year over year, driven by managed services.
- The company reported a net gross profit margin of 37%, up 2 points from the previous year, marking a record high for any quarter in recent years.
- Techstep ASA (OSL:TECH) has formed strategic partnerships with companies like Pradeo and Fonua, enhancing their market reach and service offerings.
- The company is expanding into new markets, including Spain and Ireland, which supports its growth strategy and market reach.
- Techstep ASA (OSL:TECH) is undertaking a strategic business carve-out to sharpen focus, improve financial flexibility, and enhance operational efficiency.
- Total revenues for the quarter were 222 million, a decline of 6% year over year, primarily due to a decrease in device sales.
- The company reported a net loss of 8.5 million for the quarter, impacted by amortization of intangible assets.
- Revenues from Techstep ASA (OSL:TECH)'s own software decreased by 2% in the quarter, despite growth in core platforms.
- The rollout of certain projects has been delayed, affecting the expected realization of product partner contracts.
- Techstep ASA (OSL:TECH) experienced churn in its telecom expense management solution, impacting recurring revenue contracts.
Good morning, everyone.
And welcome to our Q3 presentation followed by a Q&A session.
I'm today live from Brin in Oslo with our CFO Ellen, and we are ready to share our Q3 results with you, but also to inform you about our strategy.
Priorities and execution going forward based on the potential divesting announcement we shared this morning.
This is a strategic move we have been working on for some time now as we want to sharpen our focus and invest more in our execution to become the leading mobile and circular tech partner in Europe.
We'll get back to more information about this carve out process in a moment.
Let me start by giving you a quick overview of techt.
We are a leading provider of managed mobility services in Europe with dedicated and highly competent employees based in Norway, Sweden, Denmark, Poland, and since the end of Q3, we have expanded into Spain.
We are highlighted by Gartner in their latest market guide as a recognized managed mobility provider,
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