Investor Relations

Proven track record of double-digit growth in both revenue and earnings for the past 8 years.

Annual Report 2020

Continuing our path of profitable growth during a global pandemic

2020 was a great year for Wirtek, with revenue growth of 19% and EBITDA growth of 80%.
Download Annual Report
ar-2020-preview

Who is Wirtek

Wirtek is a Danish IT outsourcing company. We team up with companies to help them create great software solutions and electronic equipment products. With us, people come first and we’re happy to have a team of great minds, with their hearts in the right place. And this changes everything, from the quality of the service to the attention we give to our client's business. Our clients get top-notch technical solutions and a committed team that works with them as if it were their own. We have a proven track record of creating strong financial results and our long-lasting client partnerships give us a unique position for future growth.

Why invest in Wirtek

Profitable growth

With a scalable business model and a flexible cost structure, we have been able to grow profitable year after year. During the past 3 years revenue has grown annually by 24% (CAGR) while EBITDA have increased annually by 44% (CAGR). We expect an average annual growth of 30% over the five years to FY2025.

Loyal clients

60% of our clients have been with us for more than 5 years although we constantly partner up with new clients. Our clients trust us and stay with us because we meet or exceed their expectations and make a real difference to their business success.

Huge market potential

The global IT outsourcing market is predicted to grow 7,7% annually and reach a value of USD 938 billion by 2027. Less than 30% of our revenue currently comes from clients outside Denmark, with a goal of exploring international opportunities even more in the coming years.

Our Accelerate25 Strategy

Accelerated profitable growth of average 30% annually.

Soundly based on our strategic foundation of profitable growth, our financial and operational goals by fiscal year 2025 are:

Read about our strategy

Financial Goals

DKK 100m

annual revenue by FY 2025

DKK 10m

pre-tax earnings by FY 2025

>6%

EBITDA margin each year

Operational Goals

1

sourcing location outside Romania by 2025

>90%

employee retention rate from 2023

Wirtek facts

100-colleagues

100+ colleagues – our most valuable asset serving clients in Denmark and internationally every day.

development_centers

Three development and test centers in Romania. Large benefits from operating within the borders of the European Union.

low_risk

Low business risk. No clients account for more than 18% of revenue and no dependency on any specific industry.

transparency

High level of transparency. 80% of our revenue is in place at the beginning of the year.

shareholder_value

Focus on shareholder value. Dividend payment of DKK 0,2 per share in 2021.

lago_kapital

Liquidity provider agreement with Lago Kapital.

Nasdaq Copenhagen Announcements

Read our recent company announcements published on Nasdaq Copenhagen and access the announcements archive. Please note that prior to November 2020 all our Nasdaq announcements were published in Danish.

Company Announcement no. 06/2021 - April 29, 2021

Wirtek completes acquisition and raises outlook for 2021

Wirtek has signed a binding contract regarding the acquisition of all the assets of two sister companies CoreBuild SRL and Core Technology...

Find out more
Selskabsmeddelelse nr. 05/2021 - April 7, 2021

Referat af ordinær generalforsamling i Wirtek A/S

Den 7. april 2021 afholdtes elektronisk ordinær generalforsamling i Wirtek A/S, Cvr.nr. 26042232.

Find out more
Selskabsmeddelelse nr. 04/2021 - March 16, 2021

Indkaldelse til ordinær generalforsamling i Wirtek A/S

Wirtek A/S (CVR-nr. 26042232) afholder ordinær generalforsamling onsdag d. 7. april 2021, kl. 14:00 som elektronisk generalforsamling. 

Find out more
Company Announcement no. 03/2021 - March 4, 2021

Wirtek Annual Report 2020 - Revenue grew by 19% and EBITDA was up by 80%

Consolidated annual report for the period 1 January to 31 December 2020 was approved by the Board of Directors today.

Find out more
All announcements

Events and presentations


March 9, 2021
On Tuesday, 9 March, CEO Michael Aaen presented results for 2020 and the new Nordnet_logo_stacked_black_pngAccelerate25 growth strategy, followed by a Q&A session (in Danish).

Check out the video on Nordnet.


January 28, 2021
Our CEO Michael Aaen Unge Investoreranswered written questions from young investors on the Danish Facebook group 'Unge Investorer' from 15:00 - 16:30 on Thursday, January 28. 

Direct link to the relevant debate forum on the 'Unge Investorer' Facebook page: https://www.facebook.com/groups/ungeinvestorer/permalink/892442544825948


November 10, 2020
Dansk Aktionærforening (DAF) hosted the InvUgen2020_BannerInvestorUgen (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. 

The presentation can be downloaded here.

View the investor presentation video:

 


Our CEO Michael Aaen was interviewed on the 23493403-mk-pinvestor show “Millionærklubben” on October 13, 2020. On that day, the show focused on the “old” companies listed on the Nasdaq First North Growth Market in Copenhagen. As the third company listed in Denmark back in 2006, we definitely qualifiy as such. You can find the interview with our CEO here (approx. 18 minutes into the podcast - in Danish). 


 

Investor relations contact

Michael Aaen, CEO

Phone: +45 7214 6660
Mobile: +45 2529 7575
E-mail: michael.aaen@wirtek.com

Wirtek's Certified Advisor

Per Vestergaard Andersen

CDI Global ApS
Vestre Havnepromenade 5, 5th floor
9000 Aalborg, Denmark
Phone: +45 9811 0055
Mobile: +45 2176 4317
E-mail: pva@cdiglobal.dk

Articles of association

Wirtek’s Articles of Association are in Danish. For information about our Articles in English, please contact us at ir@wirtek.com.

Download the Articles of Association of Wirtek as PDF

Ekstraordinær generalforsamling

Wirtek afholder ekstraordinær generalforsamling den 27. maj 2021 kl.  10:00 CET. 

Generalforsamling

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