Techstep Q1 FY26 EBITA loss widens to NOK 11.5 million; revenue falls 12% to NOK 219.4 million

• Techstep posted Q1 revenue of NOK 219.4 million, down 12% year over year.
• Net gross profit fell 33% to NOK 57.8 million, on the BCM divestment, termination of a legacy Telecom Expense solution, delays in health service deliveries, and a one-off consultancy in the prior-year quarter.
• Adjusted EBITA widened to a loss of NOK 11.5 million, hit by one-off costs tied to ERP implementation.
• Management said it completed a carve-out and divestment on Feb. 2, cut costs through right-sizing, and is moving to a single ERP system with an AI- and automation-powered backbone and a new commerce platform.
• Commercially, it cited ramp-up under a Sykehuspartner agreement effective Jan. 1, preparations for a public-sector rollout in Spain covering up to 80,000 devices via Vodafone Spain, and 17% year-on-year growth in core software platforms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Techstep ASA published the original content used to generate this news brief via Cision (Ref. ID: 202605130100BITN____UKPR__EN_20260512-BIT-1993-0) on May 13, 2026, and is solely responsible for the information contained therein.