Q4 2025 Techstep ASA Earnings Call Transcript
Key Points
- Techstep ASA (OSL:TECH) successfully completed a strategic carve-out, strengthening its balance sheet and sharpening its strategic focus.
- The company now operates with a more streamlined organization, reducing its workforce from 260 to 190 FTEs, which is expected to enhance efficiency and scalability.
- Techstep ASA has implemented a unified ERP system and is developing a new digital commerce platform to improve customer experience and internal efficiency.
- The company reported a 23% growth in its own software segment, indicating strong underlying growth despite overall revenue decline.
- Techstep ASA secured significant agreements, including a deal with the Polish police for its MDM solution and a comprehensive proof of concept in Catalonia, Spain, enhancing its market presence.
- Total revenues for Q4 declined by 10% year-over-year, affected by delays in iPhone 17 deliveries and postponed device rollouts to hospitals.
- Net gross profit decreased by 13% year-over-year, with lower margins on device revenues and reduced device-as-a-service profits.
- Operational costs increased by 21% due to investments in ERP and digital platforms, impacting profitability.
- The company reported a net loss of 54 million, influenced by amortization and impairment of goodwill related to divestments.
- Techstep ASA's recurring revenue contracts experienced a net decline of 6% in Q4, driven by the termination of a legacy telecom expense solution.
Good morning everyone and welcome to our Q4 presentation followed by a Q&A session.
Ellen and I are today live from our headquarter at Brin in Oslo, and we are ready to share our Q4 results with you, but also to update about our strategy and priorities going forward based on the carve out we closed the beginning of this month.
This is a strategic move we have been working on quite intensively the last quarters as we want to sharpen our focus and invest more in our execution on our core business areas.
So Q4 marked an important strategic shift for techt.
We successfully completed the carve out on time and with a solid financial outcome.
This strengthens our balance sheet and sharpens our strategic focus.
We now operate with a more streamlined organization, better positioned for profitable growth going forward.
So, how does the new tech step then look like?
TechStep today stands as a leading European provider of mobile and circular technology solutions. We combine software,
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