26/2025・Trifork Group: Interim report for the quarter ending 31 March 2025

Core Insights - Trifork Group reported a revenue growth of 14.1% and an EBITDA growth of 29.4% for Q1 2025, indicating strong financial performance and progress towards becoming a more product- and solutions-led business [1][5][6] Financial Performance - Total revenue for Q1 2025 was EURm 57.5, reflecting a net increase of 14.1% from Q1 2024, driven by organic growth of 10.8% and inorganic growth of 3.5% [5] - Adjusted EBITDA for the group was EURm 6.9, representing a growth of 29.4% compared to Q1 2024, with a margin of 11.9% [5] - EBIT for Q1 2025 was EURm 2.8, showing a significant growth of 95.5% year-over-year, with a margin of 4.9% [5] Segment Performance - The Inspire segment saw a revenue increase of 25.0% to EURm 0.7, with an adjusted EBITDA of EURm -0.8 [5] - The Build segment's revenue declined by 1.2% to EURm 38.3, maintaining an adjusted EBITDA margin of 15.2% [5] - The Run segment experienced a substantial revenue increase of 68.5% to EURm 18.5, with an adjusted EBITDA margin of 15.0% [5][9] Strategic Initiatives - The company has completed most organizational changes announced last year and identified cost-saving measures expected to yield annual savings of EUR 10 million [3] - Trifork's US business doubled its revenue, becoming the second-largest segment in the group, demonstrating the effectiveness of its IP-anchored strategy [2] Market Engagement - The company revamped its website to enhance focus on products and platforms, which are central to its growth strategy [9] - Trifork hosted multiple events and engaged in partnerships to strengthen its market presence, particularly in the public sector [8][9] Future Outlook - The financial outlook for full-year 2025 remains unchanged, with revenue expected to be in the range of EURm 215-225, indicating a total growth of 4.4-9.3% [6][11]