Digia Plc: First Quarter 2026 Sales Increase, Profitability Declines

Digia Plc reported on April 29, 2026, that its net sales for the first quarter of 2026 increased by 4.9 percent to EUR 56.4 million. Organic growth contributed 1.1 percent to this increase.

However, the operating profit (EBITA) saw a decline of 28.2 percent, amounting to EUR 3.3 million, with the EBITA margin falling to 5.8 percent from 8.5 percent in the same period last year. The company cited EUR 0.7 million in non-recurring expenses from restructuring negotiations and EUR 0.7 million in provisions for customer projects as factors impacting profitability. Strategic investments were also made in productization, artificial intelligence implementation, international expansion, and expertise development.

The Financial Platforms and Managed Solutions business areas were identified as key growth drivers. Notably, the company's Polish subsidiary, Savangard, demonstrated strong growth, supporting Digia's European market expansion strategy. International business accounted for 20.8 percent of net sales. The continuing service and maintenance business represented 50.3 percent of net sales for the quarter.

Digia secured several significant contracts during the period, including a four-year framework agreement with Fintraffic for expert services in reporting and analytics, valued at EUR 2.1 million. An additional EUR 1.5 million contract was signed with the Digital and Population Data Services Agency for the implementation of a digital identification service for foreigners.

The company reaffirmed its full-year 2026 profit guidance, expecting net sales to grow and operating profit (EBITA) to remain on par with or increase compared to 2025 levels.