Trifork Group Reports Significant Growth in Q1 2025
Trifork Group AG
Company announcement no. 26/2025
Schindellegi, Switzerland – Trifork Group has released its interim financial report for the first quarter of 2025. The company showcased robust revenue growth and positive EBITDA performance, marking an impressive start to the year.
CEO Jørn Larsen shared insights on the quarter:
In reflecting on Q1 2025, Jørn highlighted the company's strategic pivot towards becoming a product- and solutions-led enterprise. They revamped their website to better showcase their diverse offerings, emphasizing the value of artificial intelligence in the services they provide. Jørn noted that AI discussions are becoming standard with most customers. The company’s platforms, Corax and AI Assist, are seeing increased interest, demonstrating their ability to deliver value swiftly and securely.
The quarter witnessed the benefits from larger deals initiated in the previous year. Particularly impressive was the performance in Denmark, where public sector engagements observed significant growth. Furthermore, Trifork's U.S. operations doubled in revenue, becoming the second-largest market for the company.
Most organizational changes from the previous year have concluded, and cost-saving measures have been identified, leading to expected annual savings of €10 million based on 2024 levels. Throughout 2025, the company aims to enhance optimization efforts across various divisions.
Financial Highlights of Q1 2025
- Overall Performance
In the first quarter of 2025, Trifork Group reported revenues of €57.5 million, achieving a 14.1% increase compared to Q1 2024. This increase combines an organic growth of 10.8% with an inorganic growth of 3.5%. Revenue from hardware and licenses also contributed positively to this growth. - EBITDA and EBIT Growth
The adjusted EBITDA reached €6.9 million, reflecting a substantial growth of 29.4% year-over-year, translating to an 11.9% margin. Notably, the EBIT surged to €2.8 million, showcasing a remarkable 95.5% rise from the previous year.
Segment Performance Overview
- Trifork Segment Growth
The adjusted EBITDA within the Trifork Segment was reported at €7.4 million, up by 26.3%. Inspire revenue saw a 25.0% increase, while the Build segment experienced a minor decline. - Run Segment Insights
The Run segment is a standout, with revenue soaring by 68.5%. This reflects a strategic pivot that enhances the stability of revenue through recurring licenses.
Financial Outlook for Full-Year 2025
Trifork maintains its revenue forecast for the full year, expecting figures between €215-225 million, which indicates a growth rate of 4.4-9.3%. Additionally, organic revenue growth expectations range from 2.9-7.8%. Adjusted EBITDA in Trifork Segment is anticipated to be between €32.0-37.0 million.
Main Events in Q1 2025
- Inspire Activities
Despite Q1 traditionally being a slow season for conferences, virtual engagements reached over two million views, contributing to the overall community growth. - Build Segment Strategy
Focusing on product integration and customization led to new engagements in the public sector, which represents a significant portion of revenue. - Significant Run Segment Developments
The interest in cloud solutions and managed services continues to rise, supported by strategic partnerships aimed at expanding market reach.
Investor & Media Contact
For further inquiries, please contact:
Frederik Svanholm, Group Investment Director
Email: frsv@trifork.com | Phone: +41 79 357 7317
About Trifork Group
Trifork is a global technology partner, enabling businesses to achieve innovative digital transformations. With a robust team of professionals across numerous countries, Trifork specializes in an array of sectors including healthcare and public administration. Their research and development arm, Trifork Labs, is dedicated to nurturing high-potential technology companies, ensuring the company remains at the forefront of industry advancements.
Frequently Asked Questions
What is Trifork Group's revenue growth in Q1 2025?
Trifork Group reported a revenue growth of 14.1% in Q1 2025 compared to the same period in the previous year.
How did Trifork perform in the U.S. market?
The U.S. business doubled its revenue in Q1 2025, becoming the second-largest market for the Group.
What are the expected revenue figures for 2025?
The Company expects full-year revenue between €215-225 million for 2025.
What are Trifork's cost-saving measures?
Trifork identified cost-saving measures expected to yield annual savings of €10 million based on 2024 activity levels.
How does Trifork integrate AI into its offerings?
Trifork incorporates AI into its products and solutions, enhancing customer engagement and creating significant value without requiring large data science teams.
