Information Technology
26/2025・Trifork Group: Interim report for the quarter ending 31 March 2025
Trifork Group AG
Company announcement no. 26/2025
Schindellegi, Switzerland – 6 May 2025
Interim Financial Report for the first quarter ending 31 March 2025
Trifork Group reports revenue growth of 14.1% and EBITDA growth of 29.4% in Q1 2025
CEO Jørn Larsen comments on the first quarter:
"Q1 showed good progress toward our strategic ambition of becoming a more product- and solutions-led business. To support this direction, we revamped
Trifork.com in Q1 to highlight our full range of products and platforms, and I invite you to explore our current offering. AI continues to break new ground, and we now discuss AI with most of our customers in one form or another. Our platforms Corax and AI Assist are seeing strong interest as they bring significant value to our customers very fast, in a very flexible, scalable, and secure way without customers needing to employ large data science teams.
In Q1, we began to see the impact of several larger deals initiated in 2024. In Denmark, the good trend from Q4 continued in Q1, with the activities in the public sector increasing the most. The US business doubled its revenue and became the second-largest in the Group in Q1, proving that our IP-anchored strategy, executed in close collaboration with our Labs companies and global tech partners, can unlock new avenues of growth in revenue and profits.
We have now completed most of the organizational changes announced last year and have identified cost-saving measures expected to deliver annual savings of EUR 10 million based on 2024 activity levels. For the remainder of 2025, we will continue to focus on further optimization and cost-efficiency across the Group, and I am encouraged by the strong and constructive cost savings efforts of our entire organization.”
First quarter 2025
The financial outlook for full-year 2025 provided on 28 February is maintained:
The guidance does not include potential effects from new acquisitions or divestments.
Main events in the first quarter of 2025
Results presentation
Trifork will host a results presentation and Q&A session with CEO Jørn Larsen and CFO Kristian Wulf-Andersen today, 6 May 2025 at 11:00 CEST in a live webcast that can be accessed via the following link, or via the investor website:
https://trifork.zoom.us/j/96719631909?pwd=sI6nAeNybYebaVXxyFn3Wp8tpU5BOL.1#success
A recording will be made available on our investor website. More information can be found at https://investor.trifork.com/events/ .
Investor & Media contact
Frederik Svanholm, Group Investment Director
frsv@trifork.com, +41 79 357 7317
About Trifork Group
Trifork is a pioneering and global technology partner, empowering enterprise and public sector customers with innovative digital solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group's R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Trifork also owns GOTO, which inspires the global tech community through conferences and an online video channel with over 1.1 million subscribers and 83 million views. Trifork Group AG is publicly listed on Nasdaq Copenhagen. Learn more at trifork.com.
Attachments
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti