Nedap Reports 7% Revenue Growth Amid Shift Toward Subscription Models

CEO Rob Schuurman noted that the company remains on track with its Step Up! strategy, emphasizing that recurring revenue growth—which climbed 17% in the first nine months of the year—continues to outpace total revenue. While healthcare and retail segments fueled gains, the livestock division saw a temporary dip due to delivery timing and the ongoing transition to subscription offerings.

Retail expansion remains a core pillar, highlighted by a major deployment with VF Corporation across 1,500 stores. The company is leveraging RFID technology to enhance inventory visibility and automated replenishment. Meanwhile, the security sector held steady, with new projects like the Bayer CropScience Campus integration demonstrating a focus on modernized access control. Despite geopolitical instability affecting security rollouts in the Middle East, Nedap continues to prioritize investments in AI, cybersecurity, and its core technology platform to ensure long-term value creation.