Webstep ASA: First quarter results 2025

23 May 2025 07:00 CEST

Oslo, 23 May 2025: Webstep ASA today reports revenues of NOK 236.4 million
(229.7) for the first quarter 2025, an increase of 2.9 per cent compared to the
same period 2024. EBIT was NOK 22.6 million (21.4), corresponding to an EBIT
margin of 9.6 per cent (9.3).

"We are satisfied with reporting growth and margin improvement in a challenging
market. The results are delivered with a flat number of consultants, while there
was one workday more in the first quarter of this year compared to 2024," says
CEO of Webstep Kristine Lund.

The short-term market conditions are volatile, as the extraordinary geopolitical
and macroeconomic uncertainty reduces visibility. The activity in the energy and
public sectors has so far been less impacted by the macro softness.

"With a significant exposure to the energy sector, our regional offices grew
revenue by 10.6 per cent, compared to a decline of 2.5 percent in Oslo. Looking
ahead, our revenue visibility is significantly shorter than normal. Customers
are hesitant to initiate new projects, and take longer to make investment
decisions. At the same time, there is still a significant demand for support for
digitalisation and efficiency improvements driven by data and insight. The
activity within the energy sector remains consistently strong," states Kristine
Lund.

While Webstep's rolling 12 months EBIT margin is at its highest level since Q2
2022, Webstep continues to focus on further enhancing growth and profitability.

"Webstep is positioned as a provider of high-competence senior consultants, and
we continue to sharpen this profile. With a strong team, and a healthy cost base
we are well positioned to weather the challenging market and move our strategy
forward. Our potential is substantial and our goal of more than 10 per cent EBIT
margin combined with a healthy top-line growth stands firm," states Kristine
Lund.

Contact details for further information:

Henning Hesjedal, CFO

Cell: +47 916 83 601

Email: ir@webstep.com

Website: www.webstep.com

Webstep ASA is a provider of consultancy services to the private and public
sector, with the IT expertise necessary to deliver the most demanding
digitalisation and IT services.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

More information:
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647296_Webstep_ASA_Q1_2025_report.pdf
647296_Webstep_ASA_Q1_2025_release.pdf
647296_Webstep_ASA_Q1_2025_presentation.pdf