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Analyst Comment

Wirtek: Announces two-year agreement with US-based customer

By HC Andersen Capital
Wirtek

Today, Wirtek announced a two-year agreement with US-based Rugby Tens (R10). The contract is expected to generate revenue that exceeds DKK 1m during the first 12 months of the collaboration. The new contract is built on a previous successful collaboration between Wirtek and a division of R10.

The new project is within Wirtek's X-Tech business unit and involves designing and developing a platform - a centralized digital hub - that will consolidate fragmented data, from players' and coaches' profiles and performance tracking, to logistics, event organization, and partnerships management. With structured digital profiles, real-time performance data and information will be enabled, which is critical information for the assessment of the athletes as well as decision-making in the athletes' development.  

 

In 2024, 26% of Wirtek's revenue was generated in the US. With this new project, Wirtek strengthens its footprint in the US market and across 30 countries where R10 is present. 

Read the full announcement here: https://www.inderes.dk/releases/wirtek-as-wirtek-receives-large-order-from-us-based-rugby-tens

In March, Wirtek's CEO Michael Aaen presented the financial results for 2024 and the guidance for 2025. The management presentation was followed by a Q&A session. Watch the full recording here: https://www.inderes.dk/videos/wirtek-presentation-of-full-year-2024-results
You can also sign up for the upcoming Q1 2025 presentation on 14 May 2025 here: https://www.inderes.dk/videos/wirtek-presentation-of-q1-2025-interim-report

Disclaimer: HC Andersen Capital receives payment from Wirtek for a Corporate Visibility/Digital IR subscription agreement. /Kasper Lihn 16:39, 22 April 2025.

 

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WirTek is an IT company. The company is focused on developing software and hardware solutions that affect web, mobile and integrated complete systems. Operations are held on a global level, with the largest presence in the Nordic region and Europe, where customers mainly consist of small and medium-sized business customers. WirTek was founded in 2001 and is headquartered in Aalborg.

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