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Tijdens het stemmen
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2
Testvraag
Om uw stemkastje en het stemmen te testen, vragen we u deel te nemen aan de onderstaande testvraag
Het Nedap jaarverslag 2026 bestaat uit 541 pagina's
De stemopties verschijnen op het scherm.
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Uw keuze verschijnt op het scherm.
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3
Annual
General MeetingNedap Campus, Groenlo, the Netherlands 8 April 2026
Results 2025
(in €M) | 2025 | 2024 | |
Revenue | 279.8 | 251.6 | +11% |
Recurring revenue | 111.5 | 100.2 | +11% |
Operating profit | 31.7 | 23.9 | +33% |
Operating margin | 11.3% | 9.5% | |
ROIC | 37% | 26% |
5
Solid financial results in 2025 allow us to focus on 20266
Key markets
Revenue development per quarter (€M)
70.0
+ 17.3%
+ 18.6%
+ 20.0%
+ 14.2%
65.0
60.0
55.0
50.0
45.0
40.0
35.0
Q1 Q2 Q3 Q4
2022 2023 2024 20257
Annual General Meeting 2026
Update
key marketsNedap Ons grows in all dimensions
Nedap MediKIT transitioning from start-up to scale-up
Update key markets
Healthcare
Luna first step in care technology
Taking the lead in multiple regional network care initiatives
9
Favorable market conditions
SmartTag-as-a-Service well received in US market
Update key markets
Livestock
Nedap Cow Monitoring Platform is launchpad
for new functionalities
SmartSight gains rapid traction in US market
10
RF to RFID transition accelerating
Major new enterprise contracts signed or renewed
Update key markets
RFID overhead solutions are now supported by
iD Cloud
Self-checkout enables new RFID applications
Retail
Sales, operations & support are moving to a global perspective
11
Geopolitical volatility drives demand
Full control of technology stack becomes key differentiator
Update key markets
Mobile Access from proof of concept to contracts
PIAM solution Pace unlocks new value at large customers
Security
SaaS commercial team established
12
On track with our Step Up! strategy: Key markets, Digital Twin Technology & recurring revenue13
Annual General Meeting 2026
Financial update Financial highlightsStrong performance
Revenue
279.8M
+11%
Recurring revenue
111.5M
+11%
Operating profit
31.7M
+33%
Earnings per share
3.72
+32%
Dividend per share
3.70
+16%
Profit for the FY
24.6M
+33%
15
Financial update
Summarized income statement
(in €M) | 2025 | 2024 | % change |
Revenue | 279.8 | 251.6 | 11% |
Added value | 204.7 | 179.9 | 14% |
Added value % | 73.2% | 71.5% | |
Operating costs | 173.0 | 156.0 | 11% |
Operating profit | 31.7 | 23.9 | 33% |
Operating margin % | 11.3% | 9.5% | |
EOY employees | 1,077 | 1,041 | 3% |
16
Financial update
FTE development
2021-2025
1,200
+12%
+2%
+3%
+11%
+3%
1,000
800
600
400
200
0
2021 2022 2023 2024 2025
17
Financial update
Cash flow from operating activities
(in €M) | 2025 | 2024 | '25 vs '24 |
Result | 24.6 | 18.5 | 6.1 |
Non-cash adjustments | 21.9 | 14.2 | 7.7 * |
Movements receivables / payables | 0.1 | -3.9 | 4.0 |
Movements inventories | 1.5 | 7.2 | -5.7 |
Other movements | -0.1 | -0.5 | 0.4 |
Interest/tax paid | -3.5 | -6.6 | 3.1 |
Cash flow from operating activities | 44.5 | 28.9 | 15.6 |
*) Increase in depreciation, profit sharing and income taxes due |
18
Long-term value
Foundation
People & technology
Innovative technological solutions
High added value
Driven by growing customer base and high retention
Growth
Organic growth
20% of revenue allocated to research and development
Focused on highest impact opportunities
19
GrowthBusiness reviews
Data-driven Short-cyclic
Metrics
Forward looking
Market
Adoption Vital numbers
Value
Annual Recurring Revenue Pricing
Sales funnel
Conversion
Retention
Churn
Unlocking value
BMV
Business Model Viability per proposition
Scalability Analyses
20
Long-term value
Foundation
Growth
Returns
Flexibility
People & technology
Organic growth
Shareholder returns
Strong position
Innovative technological solutions
High added value
20% of revenue allocated to research and development
Dividend policy
35M undrawn debt facility
Solid balance sheet
Driven by growing customer base and high retention
Focused on highest impact opportunities
Track record of consistent returns
Executed with financial discipline
Long-term value creation with organic growth, shareholder returns & strategic flexibility
21
Annual General Meeting 2026
Sustainability & CSRDSustainability strategy
Tomorrow in motion23
Progress on emissions
24
Annual General Meeting 2026
Outlook 2026Outlook 2026
Financial objectives
Revenue growth
Achieve high-single-digit, organic revenue growth.
Operating margin
Grow the operating margin, excluding one-off items, toward the mid-teens range.
ROIC
Attain a return on invested capital of at least 30%.
26
Outlook 2026
Strategy execution delivering sustainable growth
Revenue development
Q2
Q3
2024
Q4
Q1
Q2
Q3
Q4
2025
Q1
2026
19.3%
19.8%
16.6%
9.9%
10.2%
12.3%
15.5%
12.6%
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
-
Recurring revenue (€M) Non-recurring revenue (€M)
Recurring revenue (l inear)Quarterly growth is calculated versus the same quarter in the prior year.
27
Annual General Meeting 2026
Progress on strategyProgress on strategy
Markets are moving
AI accelerates product development
Geopolitics redefines technology choices
Data is the foundation for decisions
29
Customers are building themselves
Competitors accelerate
Markets are moving
This sets
a new bar…
Data sovereignty
Cyber security
30