Devoteam A/S

Description of key activities of the companyDevoteam A/S is a premier tech-led Management Consulting firm dedicated to guiding organizations through the complexities of the digital era. With technology in our DNA, we specialize in delivering end-to-end AI Transformation—moving beyond the hype to drive measurable value from initial strategy to full-scale organizational adoption.

Our expertise extends across the most critical strategic agendas facing modern leaders, including digital sovereignty, the evolution of IT operating models, and the optimization of IT cost structures. We ensure that technology is not just an expense, but a competitive catalyst.

Based in Copenhagen and Aarhus, we combine a strong local presence with global reach. Our Danish team of 150 seasoned consultants and a robust network of associate experts is backed by an international powerhouse of 11,000 tech native professionals working in +25 EMEA countries, ensuring our clients receive world-class advisory with deep local context.

Development in activities and financial mattersThe revenue for the year totals DKK 272,0m against DKK 259,4m last year. Income from ordinary activities after tax totals DKK 2,7m against a loss DKK -9,6m last year. This development should be viewed in the context of the 2024 annual report, in which the company projected revenue between DKK 235m and 240m, alongside a targeted net profit of DKK 10m to 15m.

In 2025, the company’s cash and cash equivalents increased by DKK 8m, i.e. from DKK 8,6 to DKK 16,6m.

Development for the year relative to the expectationsManagement is satisfied with the year’s revenue, which exceeded initial expectations. Despite a challenging market characterized by significant geopolitical uncertainty and downward pressure on billable rates, the company achieved a realized growth rate of 4.8%. This was primarily due to a strong performance by our consultants and strong selling of our core services.

Annual performance was shaped by strategic investments aimed at strengthen the firm's position as an AI-driven technology company and enhancing our overall operational efficiency.…

Uncertainties connected with recognition or measurementRecognition and measurement in the financial statements are not considered to be subject to significant uncertainties.

Events occurring after the end of the financial yearNo events have occurred subsequent to the balance sheet date, which would have a material impact on the financial position of the company.

16.Contractual obligations and contingencies, etc.

Other contractual obligations:…