Q1 Revenue and EBITDA
Revenue for Q1 2026 was EUR 42.8 million and reported EBITDA was EUR 1.5 million (EBITDA margin ~3.5%).
Recurring Revenue and Financial Position
Business model shows nearly 70% recurring revenue. Net liquidity increased by EUR 0.6 million to EUR 42.6 million (net liquidity per share ~EUR 1.71). Company is debt-free following the EGM and capital reduction.
Confirmed 2026 Guidance
Management confirmed 2026 guidance: revenue EUR 182–190 million, EBITDA EUR 10–16 million, positive free cash flow and a positive consolidated net income expected for the year.
Strong Sales Funnel and Bookings Momentum
Sales funnel exceeds EUR 200 million and management reported roughly EUR 40 million already in the books (end of April/early May). Bookings / TCV grew ~7% in Q1.
Consulting Segment Improvement
Consulting delivered >30% gross profit with +3% revenue and a ~+3 percentage point margin improvement (driven by better utilization, higher demand for AI consulting and S/4HANA transitions).
AI Orchestration and Adoption
q.beyond acquired over 10 customers for AI orchestration in Q4/Q1, launched ~30 internal AI agents to drive efficiency, and targets EUR 20 million in AI orchestration revenue by end of 2028.
Strategic Industry Focus and Internationalization
Clear strategy to focus on health care (2,000 hospitals in DACH) and energy (700 local utilities in Germany). International roll-out underway (Baltics, Spain) and a third nearshore center opened in Cluj, Romania to support SAP and service-desk capabilities.
M&A Ambition and Structure
Management targets inorganic growth (M&A) to contribute roughly EUR 20 million in revenue toward the 2028 plan; intends to pursue majority-stake joint ventures (example: planned 51% JV approach in health care).