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Investing.com -- Nedap reported a 15% increase in third-quarter revenue to €71.3 million, bringing year-to-date growth to 11% with total revenue of €206.1 million. All key markets grew by 18%, while recurring revenue remained stable at 40% of total sales.
Despite the positive results, Nedap shares fell 5% on the Amsterdam exchange.
The company saw growth across its Healthcare, Livestock, and Security segments during the third quarter. The Retail segment showed a slight decline as its iD Cloud solution continued to grow, but loss-prevention products faced extended sales cycles.
Nedap reaffirmed its full-year guidance, expecting revenue growth across all key markets.
In a leadership change announcement, CEO Ruben Wegman will step down following the April 2026 Annual General Meeting. The board plans to appoint current Chief Commercial Officer Rob Schuurman as his successor.
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