Q1 2023 Interim Report
Organic revenue growth of 11%
Wirtek continued to grow organically during Q1 2023 with an increase in revenue of 11%, which is a testament to our team's dedication to delivering high-quality software development and testing services to our clients. However, it is important to note that we also experience a softening in the market, and we have seen continued rising costs, which altogether has led to a 30% decrease in EBITDA in Q1 2023 compared to Q1 2022.
To improve profitability, we are focusing on decreasing the cost base and have also initiated activities to expand the sales pipeline to fuel further organic growth. We are committed to our journey of profitable growth and retain our expectations for 2023 and the long-term goals of our Accelerate25XL strategy.
Wirtek in brief
Wirtek is an international IT outsourcing company. Since 2001, we have been teaming up with companies to help them create great software solutions and electronic equipment products.
Several clients have been with us for 10+ years, so we can confidently say that in outsourcing, the quality of the relationship matters just as much as the quality of the delivered software.
Wirtek has HQ and sales offices in Denmark and three development and test centres in Romania, and we are 200+ colleagues. Wirtek was listed at Nasdaq First North Growth Market Denmark in 2006.
Acknowledgments
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Finalist at Listed Danish Growth Company 2022 Awards
The share
8-9 December 2021
Virtual Growth Days Presentation
Join the presentation held by our CEO Michael Aaen at "Virtual Growth Days" discussing Wirtek's stock, on December 8-9.
10 years of profitable growth
9 August 2023
Interim Report Q2 2023
Wirtek publishes the interim financial report for Q2 2023.
8 November 2023
Interim Report Q3 2023
Wirtek publishes the interim financial report for Q3 2023.
10 May 2023
Infront Direkt interview
CEO Michael Aaen commented on the Q1 report in an interview at Direkt Studios, on the 10th of May.
Watch here
22 March 2023
Infront Direkt interview
CEO Michael Aaen commented on the 2022 Annual Report in an interview at Direkt Studios.
Watch the interview here
22 March 2023
Annual Report 2022
We are pleased to report that despite a challenging macroeconomic environment during 2022, Wirtek still achieved great results with revenue growth of 45% and EBITDA growth of 20%.
Read the report
15 February 2023
Aktier i Fokus podcast
Michael Aaen, CEO talked about Wirtek at Aktier i Fokus podcast.
Listen here
9 November 2022
Infront Direkt interview
CEO Michael Aaen commented on the Q3 report in a live interview at Direkt Studios.
Watch video here
9 November 2022
Interim Report Q3 2022
Wirtek publishes the interim financial report for Q3 2022.
Read more here
22 September 2022
Aktieinfo event in Kolding
Our CEO, Michael Aaen, talked about Wirtek at the investor event hosted by Aktieinfo in Kolding.
07 September 2022
Annual event of The Association of Listed Danish Growth Companies (FBV)
We are delighted to be one of the three finalists for the Best Listed Danish Growth Company 2022 Award.
Find out more about FBV
10 August 2022
Infront Direkt interview
CEO Michael Aaen comments on the Q2 report in a live interview at 11 am.
Watch the interview here
10 August 2022
Interim Report Q2 2022
Wirtek publishes the interim financial report for Q2 2022.
Read more here
16 June 2022
Unge Investorer company of the month event
In June Wirtek was the company of the month at Unge Investorer. On the 16th of June, Wirtek's CEO, Michael Aaen, participated in an event, where he talked about Wirtek as an investment case and answered questions from the audience.
10 May 2022
Infront Direkt interview
CEO Michael Aaen comments on the Q1 report in an interview at Direkt Studios.
Watch the interview here
10 May 2022
Interim Report Q1 2022
Wirtek publishes the interim financial report for Q1 2022.
Read more here
28 April 2022
Meet Wirtek
Our CEO Michael Aaen talks with Mikael Bak from Dansk Aktionærforening.
Watch video here (Danish)
4 April 2022
Aktieinfo event in Copenhagen
Watch our CEO, Michael Aaen's investor presentation at the Aktieinfo event held in the Scandic Hotel, Sydhavn in Copenhagen.
Watch the presentation
10 March 2021
Infront Interview, Stockholm
Our CEO Michael Aaen talks about key events in 2021 and goals for the future, at Infront Direkt following the publication of our 2021 annual report.
Watch the interview.jpeg)
9 March 2021
Annual Report 2021
We are proudly looking back on an incredibly exciting and busy 2021, where we achieved all our operational goals. In line with our Accelerate25 growth strategy, announced in January 2021, Wirtek delivered a strong revenue growth of 64% and an even stronger EBITDA growth of 94% during 2021.
Read the report
9 December 2021
Virtual Growth Days Presentation
Our CEO Michael Aaen held a short presentation, followed by Q&A about Wirtek at " Virtual Growth Days" seminar on the 9th of December.
Watch the presentation
16 November 2021 at 14:30 - 15:00 CET
InvestorUgen presentation
Wirtek has a proven track record of double-digit revenue and EBITDA growth. At InvestorUgen, our CEO presented how Wirtek will increase the growth rate the coming years through our Accelerate25 strategy.
13 August 2021
CEO meets Young Investors
Our CEO Michael Aaen joined the Unge Investorer "CEO meets Young Investors" event for a presentation discussing Wirtek's half-year financial report, on Friday, August 13.
Watch the presentation
6 October 2021
Aktieninfo event in Kolding
Michael Aaen talked about the outlook for Wirtek at the latest investor event organized by Aktieninfo in Kolding.
Watch the presentation
8 June 2021
Aktieinfo event in Copenhagen
Check out the presentation our CEO, Michael Aaen, made at the investor event organized by Aktieinfo, Tuesday the 8th of June 2021, at the Scandic Hotel, Sydhavn, Copenhagen.
Watch the presentation
21 May 2021
Ophelia Invest Talks
On Friday, 21 May, Wirtek’s CEO, Michael Aaen was invited for a presentation at this investor event organized by Ophelia Invest (in Danish).
Read more
18 May 2021
Aktieinfo analysis 2021
Aktieinfo published an analysis based on Wirtek’s Q1 results for 2021.
Read the full analysis
9 March 2021
Accelerate25 growth strategy
On Tuesday, 9 March, CEO Michael Aaen presented results for 2020 and the new Accelerate25 growth strategy, followed by a Q&A session (in Danish).
Read more
28 January 2021
Young investors on the Danish Facebook group
Our CEO Michael Aaen Unge Investorer answered written questions from young investors on the Danish Facebook group 'Unge Investorer' from 15:00 - 16:30 on Thursday, January 28.
Read more
10 November 2020
Significant growth potential in IT outsourcing
Dansk Aktionærforening (DAF) hosted the InvestorUgen (Investor Week) event from November 10 - 14, 2020. Our CEO Michael Aaen presented Wirtek and the significant growth potential in IT outsourcing on November 10 at 14:45.
Check out the presentation
13 October 2020
Interview with Michael Aaen on the “Millionærklubben” show
Our CEO Michael Aaen was interviewed on the show “Millionærklubben” on 13 October 2020. On that day, the show focused on the “old” companies listed on the Nasdaq First North Growth Market in Copenhagen.
Listen to the podcast