Nedap (NEDAP.AS), a Dutch provider of Digital Twin Technology, on Tuesday reported double-digit revenue growth in its first quarter, driven by solid demand across its key markets mainly Livestock, and higher recurring revenue.
Looking ahead, Nedap said it expects continued revenue growth across all the key markets in 2026 compared to 2025. However, the company cautioned that geopolitical developments could influence the pace of growth, though it is too early to quantify any potential impact.
CEO Ruben Wegman is stepping down from his role at the AGM on April 8.
In the first quarter, revenue grew 14.3 percent to 76.1 million euros from 66.5 million euros last year, mainly on 16.5 percent growth in key markets.
For the first quarter, recurring revenue increased 15.5 percent to 31.0 million euros, accounting for 40.8 percent of total revenue, from 26.9 million euros last year.
On the Amsterdam stock exchange, shares of Nedap were gaining 6.66 percent, trading at 86.60 euros.
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