Annual report 2024

In 2024, many elements of our Step Up! process came together, marking a natural moment to introduce our Create & Scale growth strategy.

This dynamic approach ensures that we stay adaptable in a volatile world. While challenging market conditions persisted, we saw renewed confidence in key markets by year-end. With over €100 million in annual recurring revenue and a strong position in Digital Twin Technology, we are well positioned for sustainable growth.

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Message from the CEO

In a year of volatility, our ability to adapt proved invaluable. 2024 reaffirmed that a dynamic approach is essential for our long-term success.

In 2024, Nedap navigated a rapidly changing market while continuing to build on the foundation laid by Step Up! and our new Create & Scale growth strategy. In this message, our CEO reflects on the year’s challenges and achievements, the resilience of our organization, and how our focus on key markets and technological innovation contributes to our long-term vision.

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Key figures

  • Revenue

    in millions of €

    251.6

    -4%

    2023: 262.4

  • Earnings per share

    x €1

    2.82

    2023: 3.31

  • Number of
    employees

    1,041

    2023: 1,028

  • Recurring revenue

    in millions of €

    100.2

    2023: 84.1

  • Dividend per share

    x €1

    3.20

    2023: 3.20

  • Added value per FTE

    x €1,000 per FTE

    181

    2023: 197

  • Operating margin

    9.5%

    2023: 10.4%

  • Return on invested capital

    26%

    2023: 31%

  • Research and Development expenditure

    as % of revenue

    20%

    2023: 18%

Activities and achievements

We advanced our strategic growth pillars, made substantial progress in our people and sustainability efforts, and reinforced our market leadership ambitions. We invested in learning and development and took major steps in sustainability, including preparations for CSRD compliance. This chapter explores the progress we have made across our focus areas.

Progress on our strategy

Progress on people

Progress on our sustainable impact

Key markets

What our people say

It has been incredibly fun and exciting to bring together the strengths and talents of the various cross-Nedap teams and to put together a movement aimed at mastering the subscription-based business within Nedap.

Aldo de Jong Team captain iD Cloud Retail sales team, Nedap

What our people say

In the Middle East, success comes from building trust and nurturing long-term relationships.

Maarten van Cauwenberghe Managing Director FZE, Nedap

What our people say

We empower people to be the captain of their own ship.

Jan-Willem Bouwmeester Team captain People development, Nedap

What our people say

Because Nedap's culture values ownership, I feel empowered to drive change, both as a Market intelligence specialist and a DEI catalyst.

Lorin te Woerd Market intelligence specialist Livestock and DEI catalyst, Nedap

What our people say

“Being part of the strategic taskforce has been incredibly insightful.

Hidde Zijlstra New business developer Retail, Nedap

What our people say

Our recruitment strategy is focused on attracting and retaining top talent that aligns with our values and vision.

Claudia van Triest Team captain Recruitment, Nedap

What our people say

We take great pride in improving our self-developed GHG tool, which enhances our alignment with CSRD requirements and provides deeper insights into our emissions.

Anne Zwijnenberg & Peter te Plate Sustainability team members, Nedap

What our people say

My biggest challenge was navigating uncharted territory.

Jules Wijnhoven Project lead Circularity, Sustainability team, Nedap

What our customers say

In Nedap Ons, everything is conveniently brought together in one place.

Erik Brait Functional Administrator, Amarant

What our customers say

Sustainability to me equals efficiency. It equals doing more with less.

Simon Vander Woude Vander Woude Dairy

What our customers say

We chose Nedap because our extensive market evaluation has shown that no other supplier has the experience they do.

Christie Koorts CIO, Woolworths

What our customers say

Partnering with Nedap has been a game-changer for us.

Bo Carlsen Head of section, Campus service, Technical University of Denmark
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Other business units

This section highlights the latest developments within the Identification Systems and UV business units, updates on the Flux solution within Staffing Solutions, and the scaling down of the Pigs solution.

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Financial affairs

This section provides an overview of Nedap’s financial performance in 2024, including key figures, revenue, operating costs and profit developments, highlighting the factors that shaped our results.

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Downloads & archive

2024

2023