CBRAIN CBrain A/S

cBrain intends to take lead in COTS for government industry

cBrain intends to take lead in COTS for government industry



Company Announcement no. 02/2025

cBrain intends to take lead in COTS for government industry



Copenhagen, February 20, 2025



cBrain (NASDAQ: CBRAIN) revenue grew by +12% to DKK 268m in 2024, up from DKK 239m in 2023. Earnings before tax (EBT) grew to DKK 86m in 2024, up from DKK 81m in 2023, thereby reaching an EBT margin of 32%.

Results are in line with expectations, forecasting a revenue growth range of 12-13% and EBT margin of 30-32%.

Strong positive cash flow from operating activities enables an increase in dividends, investments in the growth of the company, and it reduces long-term loans on cBrain-owned buildings.

cBrain does not have a share buyback program. However, due to solid earnings, cBrain proposes to raise dividends to DKK 0,64 per share (2023: DKK 0,28 per share) corresponding to a payout ratio of approx. 20% of profit for the year.

Fueled by a lack of skilled IT resources and a growing demand for fast delivery, cBrain sees a rapidly emerging IT industry, referred to as Commercial Off-The-Shelf (COTS) for government. COTS for government, leveraging new technologies and platforms such as the F2 Digital Platform, enables digital transformation at higher speed and lower costs that outperform traditional IT modernization.

For cBrain the accelerated market shift represents new strategic opportunities. cBrain wants to fully take advantage of this, and cBrain is therefore currently in the process of evaluating and potentially adjusting its international growth strategy.

With the goal of being an internationally leading vendor in the emerging COTS for government industry, the strategy process includes evaluating organizational readiness, market and product development strategies.

As a result of the strategy process, cBrain expects to implement a number of changes to the growth plan during the spring of 2025. Consequently, cBrain forecasts expected revenue growth in 2025 of 10-15% and earnings before tax (EBT) of 18-23%.

The revenue forecast takes into account that e.g. developing new channel strategies may shortly delay revenue. The earnings forecast is based on significantly increased investments into international growth, across the African region, USA, Germany, and India, as well as increased investments into developing the F2-for-Partners concept.



Best regards

Per Tejs Knudsen, CEO











Inquiries regarding this Company Announcement may be directed to 

Ejvind Jørgensen, CFO & Head of Investor Relations, cBrain A/S, ,

Attachment



EN
20/02/2025

Underlying

CBRAINCBrain A/S

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on CBrain A/S

 PRESS RELEASE
Free
CBRAIN CBRAIN A/S

Building on strong results – preparing for the next growth cycle

Building on strong results – preparing for the next growth cycle COMPANY ANNOUNCEMENT no. 10/2025 Building on strong results – preparing for the next growth cycle Copenhagen, November 5, 2025         cBrain® (NASDAQ: CBRAIN) maintains the execution of its fundamental growth strategy, which is built on four pillars: 1.        Developing individual large customers2.        Taking positions in selected niches3.        Building subscriptions4.        Developing a partner channel Large CustomersIn Q3, cBrain secured its largest individual agreement in Denmark by signing a contract with ...

November 5, 2025 1 EN
ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Mikkel Kousgaard Rasmussen
10/27/25 October 27, 2025 1 EN
 PRESS RELEASE
Free
CBRAIN CBRAIN A/S

cBrain lower revenue growth expectations for the year 2025 to 0-5%, wh...

cBrain lower revenue growth expectations for the year 2025 to 0-5%, while upgrading expected EBT to 24-27% Company Announcement no. 09/2025 cBrain lower revenue growth expectations for the year 2025 to 0-5%, while upgrading expected EBT to 24-27% Copenhagen, October 23, 2025 In August, cBrain® (NASDAQ: CBRAIN) reported revenue for the first half of 2025 of DKK 132 million, down 5% from DKK 139 million in the same period of 2024. This was due to postponed government procurements which led to a decline in one-time software license sales. In August, cBrain maintained it’s full-year gui...

October 23, 2025 1 EN
ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Mikkel Kousgaard Rasmussen
08/21/25 August 21, 2025 1 EN
ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Mikkel Kousgaard Rasmussen
08/21/25 August 21, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch