Digital Workforce Services (DWF) Q4 2024 earnings summary

Executive summary

• Revenue grew 9.4% year-over-year to EUR 27.3 million, driven by strong performance in Healthcare and Continuous Services.

• Adjusted EBITDA reached EUR 1.0 million, up from EUR 0.2 million, and EBIT turned positive at EUR 0.3 million.

• Continuous Services revenue rose 13.5% to EUR 17.3 million, now 63.4% of total revenue.

• Board proposes a dividend of EUR 0.03 per share plus an additional EUR 0.06 per share.

• Strategy focuses on expanding AI-driven automation, healthcare solutions, and growth via acquisitions.

Financial highlights

• Q4 revenue increased 10.5% year-over-year to EUR 7.0 million; full-year revenue up 9.4%.

• Adjusted EBITDA for 2024 was EUR 1.0 million (EUR 0.2 million in 2023); EBIT EUR 0.3 million (-0.8 million in 2023).

• Gross margin improved to 34.9% from 33.0% year-over-year.

• Net income for 2024 was EUR 0.6 million, compared to a loss of EUR 0.7 million in 2023.

• EPS was EUR 0.05, up from EUR -0.06.

Outlook and guidance

• 2025 revenue expected to exceed 2024, with further improvement in adjusted EBITDA.

• 2026 targets: EUR 50 million revenue (EUR 40 million organic, EUR 10 million inorganic), >70% from Continuous Services, and adjusted EBITDA margin >15%.