Infotel (INF) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue declined 4.6% year-over-year to €75.4m, impacted by a challenging economic environment and fewer working days.

• Services revenue fell 5% to €72m, mainly due to reduced IT investments in the automotive and aerospace sectors.

• Software revenue grew 5.9% to €3.4m, with IBM royalties up 9% and Orlando suite sales rising 7.2%.

Financial highlights

• Total Q1 2025 revenue: €75.4m vs. €79.1m in Q1 2024.

• Services: €72m (down 5% year-over-year); Software: €3.4m (up 5.9% year-over-year).

• Proposed dividend of €2 per share for 2024, subject to shareholder approval.

Outlook and guidance

• Slight business growth expected in H2 2025, driven by banking, insurance, and gradual recovery in industry.

• Margin targets remain unchanged and are expected to align with historical standards.