Nedap launches Nedap Way: secure building access with its next-generation reader line
September 22
Total revenue up 7% with growth in key markets of 9% in the third quarter of 2026
October 15 • 2 min read
Financial
Key points
- Revenue increased by 7% in the third quarter of 2026 compared with the third quarter of 2025.
- Revenue in the key markets grew by 9% in the third quarter of 2026 compared with the third quarter of 2025, bringing year-to-date growth to 12%.
- In the first nine months of 2026, recurring revenue increased by 17% compared with the same period in 2025, outpacing total revenue growth and representing 42% of total revenue for the period.
Rob Schuurman, CEO:
“We remain on track with our Step Up! strategy. The third quarter reflects continued customer demand for our solutions, with recurring revenue again growing faster than total revenue. As this base grows, it provides an increasingly strong foundation for sustainable long-term growth and value creation.
Within Livestock, revenue declined compared with the third quarter of 2025, reflecting the timing of deliveries, alongside the continued transition toward subscription-based offerings. Revenue growth was driven by Healthcare and Retail while revenue in Security remained broadly stable.”
Outlook
We expect revenue growth in the second half of 2026 compared with the second half of 2025. Geopolitical instability in the Middle East continues to delay customer rollouts for our security solutions in the region. We remain focused on sustainable long-term growth and will continue to invest accordingly, with particular emphasis on Nedap's technology platform, AI, and cybersecurity.
Read the full press release here: Press release Trading update Q3 2026
