Webstep As · OSL:WSTEP
Webstep As — Q2 2025 Earnings Presentation
21 slides from Webstep As's earnings presentation, Aug 14, 2025
Slide 1: Q2 Interim presentation 2025
Q2 Interim presentation2025 Kristine Lund, CEO Henning Hesjedal, CFO Webstep ASA - 14. August 2025, Oslo
Slide 2: Agenda
Agenda 01 Highlights from the quarter 02 Financial Review 03 Market update and outlook 2
Slide 3: Highlights from the quarter
Highlights from the quarter webstep
Slide 4: Q2 Highlights
Despite a market characterised by weak demand and generally soft conditions, we have maintained a positive Q2 development in our EBIT margin, reflecting our highly Highlights skilled and relevant consultants, with flexible salary model and operational efficiency Launched new visual identity and brandi
Slide 5: Q2 highlights
Q2 highlights 215.0 Revenue, mNOK (229.5) 19.0 EBIT, mNOK (19.0) 8.9% EBIT margin (8.3%)
Slide 6: Financial review
Financial review webstep
Slide 7: Group results Q2
Group results Q2 ● Revenue NOK 215.0 million (229.5); decline of 6.3%, primarily driven by lower utilisation and lower headcount ● EBIT NOK 19.0 million (19.0); improved EBIT margin to 8.9 per cent (8.3) ● FTE 438 End of Period (451); down from 451 same period last year, and from 444 end of Q1 Reven
Slide 8: Group results YTD
Group results YTD ● Revenue NOK 451.4 million (459.2); decline by 1.7%, primarily driven by lower utilisation and lower headcount ● EBIT NOK 50.3 million (49.9); improvement of 3.2% from the same period last year ● EBIT margin 9.2 per cent (8.8); improvement of 4.3pp from the same period last year ●
Slide 9: Market update and outlook
Market update and outlook webstep
Slide 10: Market update and outlook (1)
Market update and outlook (1) Limited market visibility ● Continued macroeconomic and geopolitical uncertainty; investment decisions in private sectors remains slower than usual ● Public sector less impacted by the macro softness, but segments of the energy market are scaling back contracts and show
Slide 11: Market update and outlook (2)
Market update and outlook (2) Significant contract acquisitions with strategic importance during the quarter ● Included as provider on significant long term frame agreement for Statnett ● Frame agreement for BaneNOR as sole provider for parts of a project ● Included as sub-provider a frame agreement w
Slide 12: Questions?
Questions? If you have any questions or would like a more detailed walkthrough of Please contact us at ir@webstep.com Webstep’s latest quarterly results, please do not hesitate to get in touch. We are happy to provide further insights or schedule a presentation tailored to your interests. 12
Slide 13: Office locations
Oslo Trondheim Bergen Sørlandet Stavanger Universitetsgata 2, Kongens gate 16, Damsgårdsveien 14, Skippergata 19, Verksgata 1a, 0164 Oslo 7011 Trondheim 5058 Bergen 4611 Kristiansand 4013 Stavanger
Slide 14: Appendix
Appendix webstep
Slide 15: Key figures
Key figures NOK million Q2 2025 Q2 2024 YTD 2025 YTD 2024 FY 2024 Revenues 215.0 229.5 451.4 459.2 874.1 Change -6.3% 8.0% -1.7% 1.8% 1.5% EBITDA 23.3 23.7 50.3 49.9 85.1 EBITDA margin 10.9% 10.3% 11.1% 10.9% 9.7% EBIT 19.0 19.0 41.7 40.4 66.7 EBIT margin 8.9% 8.3% 9.2% 8.8% 7.6% Net profit 14.8 14.1
Slide 16: Customer base characteristics
Customer base characteristics Private / Public The top 10 customers account for 58% of total revenue. A large and loyal customer base in both private and public sector. Optimizing sales and strengthening our focus on the enterprise market and large clients. 63/37% 58% A diversified customer base betw
Slide 17: Cash flow and net debt
Cash flow and net debt NOK million YTD 2025 Cash and cash equivalents* -54.4 Restricted cash 2.3 Debt to credit institutions - Leasing liabilities (current and non-current) 62.8 Net interest bearing debt (NIBD) 10.7 NIBD/EBITDA (rolling 12 months) 0.1 NIBD/EBITDA (rolling 12 months) including IFRS 16
Slide 18: Top shareholders at 8 August 2025
Top shareholders at 8 august 2025 18
Slide 19: Revenue, EBIT and FTE development
Revenue, EBIT and FTE development Revenues (LTM) EBIT (LTM) Number of FTE (EoP) 19
Slide 20: Number of FTE EoP per geographical area
Number of FTE EoP per geographical area Q2 Q1 Q4 Q3 Q2 End of period 2025 2025 2024 2024 2024 Total 438 444 446 449 451 Oslo 205 209 213 210 213 Bergen 92 93 96 95 88 Trondheim 63 64 61 63 65 Stavanger 51 50 49 53 55 Sørlandet 20 20 20 21 21 Haugalandet 7 8 8 8 9 20
Slide 21: Disclaimers
Disclaimers This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections ab