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Nedap's Impressive Revenue Growth in Q3 2026

In the third quarter of 2026, Nedap recorded a 7% increase in total revenue compared to the same period in 2025, amounting to €76 million. This growth is particularly notable, as revenue from key markets surged by 9%. This performance has contributed to a year-to-date revenue increase of 11%, bringing the total to €228.1 million so far this year.

CEO Rob Schuurman emphasized that the organization remains committed to its Step Up! strategy, which continues to meet customer demand for their innovative solutions. Importantly, recurring revenue rose by 17%, representing a significant portion of total revenue at 42% for the first three quarters of 2026.

Detailed Revenue Breakdown

When examining the figures from Q3 2025 to Q3 2026:

• - Recurring revenue: increased from €27.8 million to €32.4 million.

The company's emphasis on recurring revenue has provided a strong foundation for sustainable growth and value creation as they expand their client base and service offerings.

Sector Performance

Despite overall growth, Nedap's performance varied across its sectors. The Livestock sector experienced a revenue decline due to the timing of deliveries and a transition towards subscription-based models. However, growth was prominent in Healthcare and Retail.

• - Healthcare: The company has strengthened its presence in disability and elderly care, with an increase in organizations adopting its treatment record systems. This integration facilitates collaboration among care professionals.
• - Retail: This sector saw significant growth, with many new clients adopting RFID technology for inventory management. The introduction of self-checkout solutions and partnerships, like the one with VF Corporation to enhance inventory visibility, showcases Nedap's commitment to innovation.

The Security sector remained stable, with no significant revenue fluctuations, highlighting the steady demand for their solutions in this space.

Future Outlook

Looking forward, Nedap anticipates continued revenue growth in the latter half of 2026 compared to the preceding year. However, geopolitical issues in the Middle East have caused delays in the rollout of security solutions. This focus on sustainability aligns with their commitment to investing in technology, AI, and cybersecurity.

Strategic Insights

Nedap has successfully integrated Digital Twin Technology, enhancing its offerings across key areas. This approach blends traditional and modern practices, ensuring that clients receive comprehensive and forward-thinking solutions. With a workforce of over 1,100 employees and a global operational model, Nedap has solidified its status as a leader in several sectors, including Healthcare, Retail, Livestock, and Security.

Founded in 1929 and listed on Euronext Amsterdam since 1947, Nedap continues to redefine industry standards while attracting new clients and retaining existing ones.

As the company endeavors to enhance its service delivery and solutions, stakeholders can expect Nedap to remain at the forefront, adapting to market demands while prioritizing long-term sustainability and value enhancement.