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Nedap’s revenue up 13%, operating margin up to 12.1%

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 All key markets contributing to revenue growth

GROENLO, The Netherlands, July 16, 2026 /PRNewswire/ —

Key points

Revenue increased by 13% to €152.0 million (H1 2025: €134.9 million). Revenue in key markets grew by 14%.Recurring revenue increased by 17% (H1 2025: 11%) and accounted for 42% of total revenue (H1 2025: 40%).Operating profit increased to €18.3 million (H1 2025: €13.8 million). Operating margin grew to 12.1% (H1 2025: 10.3%).

Rob Schuurman, CEO: “Halfway through the year, we remain on track with our Step Up! strategy. Revenue grew across all four key markets in the first half of the year, with Livestock making a large contribution to this growth. Recurring revenue continued to grow, reflecting the increasing adoption of our Digital Twin Technology solutions in customers’ core business processes, and its rising share in our revenue mix improved underlying profitability.”

Key figures

In € x 1M or as a percentage

H1 2026

H1 2025

Change

Revenue

152.0

134.9

13 %

Recurring revenue

63.3

54.2

17 %

Added value as % of revenue

74.8 %

73.2 %

Operating profit

18.3

13.8

33 %

Operating margin1

12.1 %

10.3 %

Net profit

14.7

10.9

35 %

Earnings per share (€ x 1)

2.22

1.65

35 %

30/6/2026

30/6/2025

Net debt-to-EBITDA

-0.2

0.6

Solvency

59 %

55 %

1 Defined as operating profit expressed as a percentage of revenue.

Outlook
We expect revenue growth in the second half of 2026 compared to the second half of 2025, supported by growing customer adoption across our markets. 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. Geopolitical developments and market conditions may affect the pace of revenue growth during the remainder of the year.

Progress on our strategy
As we execute Step Up!, we remain focused on creating and scaling solutions that add value for our customers and the markets they serve. Across our four key markets, adoption of Digital Twin Technology and as-a-service solutions continued to increase. This development contributed to recurring revenue growth. 

We continued to invest in Nedap’s technology platform, spanning cloud infrastructure, cybersecurity, and AI, which supports both private and public cloud strategies and gives us increased control over our solutions. These investments support the further development and scaling of our solutions. They also enable us to leverage capabilities and technologies developed in one market more broadly across our portfolio. An example of this is the design system originally developed for Ons® in Healthcare, which is now being applied in other Nedap cloud solutions, including Pace in Security. To strengthen technology leadership across Nedap, we appointed a Chief Technology Officer to the Nedap Leadership Team.

We will host a Capital Markets Day in mid-2027, setting out the next chapter of our strategy. Details will be communicated in due course.

Key market developments
The relevance of our solutions continued to translate into customer adoption across our key markets, reflected in several new contracts in the first half of the year. Alongside this, we invested in the capabilities that support long-term growth: expanding what our solutions can do and scaling production capacity.

In Healthcare, new customer wins across disability care, youth care, and general practice reinforced our position in the transition to network care. These care sectors are strategically important to building a more connected, open, and sustainable healthcare system, and the adoption of Ons® Suite reflects the fit of our solutions with real-life processes of care professionals in these sectors. MediKIT and Luna also contributed to revenue growth in the first half of the year.

In Livestock, dairy farmers’ growing demand for data-driven insight into herd health and performance drove further adoption of the Cow Monitoring Platform and, in turn, demand for SmartTags, SmartSight and the broader portfolio. To enable this growth, we launched a new fully automated SmartTag production line in the Netherlands, significantly increasing production capacity. While milk prices remained below 2025 levels, dairy farmers continued to invest in our solutions, demonstrating strong underlying demand across our portfolio. The adoption of as-a-service solutions for both SmartTags and SmartSight contributed to further recurring revenue growth.

In Retail, new long-term customer partnerships demonstrated the growing adoption of our Inventory Engine, as retailers sought greater end-to-end inventory visibility and more data-driven operations. We continued to invest in the Inventory Engine, turning item movement across stores, distribution centers, and factories into one reliable view, embedded in customers’ core processes. With insight generated by the Inventory Engine, retailers drive sales, lower cost, and reduce losses all while delivering seamless omnichannel retail experiences. New business momentum remains strong across North America and the EMEA region.

In Security, continued customer investments in Mobile Access and long-range identification solutions reflected increasing demand for secure and efficient access management. Recurring revenue continued to grow with the scaling of cloud-based solutions such as Pace and Mobile Access. We also opened a new office in Saudi Arabia to strengthen our presence in a market where we see attractive long-term growth opportunities for our Security solutions. Geopolitical instability in the Middle East delayed rollouts, negatively impacting results in the first half of the year.

Financial affairs in the first half of 2026

Revenue
Revenue for H1 2026 amounted to €152.0 million, which was 13% ahead of H1 2025 (€134.9 million). Revenue in our key markets increased by 14%. All key markets showed revenue growth. Livestock experienced particularly high growth in Q1.

Recurring revenue, the revenue from software subscriptions (licenses) and services, rose by 17% to €63.3 million in H1 2026 (H1 2025: €54.2 million), comprising 42% of revenue (H1 2025: 40%).  

Added value was up from €98.7 million in H1 2025 (73.2% of revenue) to €113.7 million in H1 2026 (74.8% of revenue). The improvement was driven by a higher share of recurring revenue and improved margins on product deliveries.

Operating costs
Total operating costs grew by 12%, from €84.8 million in H1 2025 to €95.4 million in H1 2026.

Personnel costs (including temporary and agency workers) increased to €69.0 million in H1 2026, from €61.9 million in H1 2025. This includes a €2.4 million non-recurring provision for expected employment-related obligations. Our closing number of FTEs increased by 3% from 1,020 in the first half of 2025 to 1,055 in the first half of 2026. Underlying personnel costs per FTE increased in line with annual wage increases under the collective labor agreement. Additionally, there was an increase in temporary labor.

Other operating costs went up from €16.6 million in H1 2025 to €19.8 million in H1 2026. Development and IT expenses increased by €1.8 million, principally related to Ons® Suite capabilities, AI, and licenses. Within other operating costs, marketing and sales costs increased by €1.5 million due to a €0.7 million bad debt write-off, and a €0.8 million investment in direct marketing activities. Foreign exchange differences amounted to a loss of €0.1 million in H1 2026, compared to a loss of €0.3 million in H1 2025.

Depreciation increased from €5.1 million in H1 2025 to €5.4 million in H1 2026. Amortization increased to €1.2 million (H1 2025: €0.7 million), primarily due to the start of amortization on RFID Pro-Line Readers within Retail. In H1 2026, no impairments were recognized (H1 2025: €0.6 million).

Operating profit
Operating profit (EBIT) for H1 2026 came in at €18.3 million, compared to €13.8 million in H1 2025. The operating margin, i.e., the operating profit expressed as a percentage of revenue, amounted to 12.1% in H1 2026 (H1 2025: 10.3%).

Financing costs and taxation
Net financing costs decreased to €0.1 million in H1 2026 (H1 2025: €0.3 million) as a result of a lower reliance on external debt. Taxation in H1 2026 totaled €3.5 million (H1 2025: €2.6 million). The effective tax rate remained broadly flat at 19.1% (H1 2025: 19.5%).

Profit for the half year
Net profit for H1 2026 came in at €14.7 million, compared to €10.9 million in H1 2025. Earnings per share increased from €1.65 in H1 2025 to €2.22 in H1 2026. The average number of outstanding shares in H1 2026 was 6,623,005 (H1 2025: 6,600,558). This increase is the result of the delivery of shares held by the company to cover employee participation plans.

Financial position
The balance sheet total decreased from €136.4 million as of 31 December 2025 to €135.9 million as of 30 June 2026. Trade and other receivables increased at a lower rate than revenue. Inventories continued to decrease. Current liabilities increased from €41.7 million as of 31 December 2025 to €49.1 million as of 30 June 2026. This relates to a difference in timing of tax payments, provision for employee-related obligations and increased liabilities in line with higher revenues. Cash and cash equivalents increased from €3.4 million as of 31 December 2025 to €3.9 million as of 30 June 2026.

Net debt-to-EBITDA stood at -0.2 as of 30 June 2026 (+0.6 as of 30 June 2025). Solvency stood at 59% as of 30 June 2026 (55% as of 30 June 2025). There are no drawings on the credit facilities as of 30 June 2026 (€15.7 million as of 30 June 2025). The net debt position is now negative at -€3.9 million as of 30 June 2026, compared to €13.0 million as of 30 June 2025.

Cash flow
Operating cash flow amounted to €30.2 million in H1 2026, against €22.2 million in H1 2025. This resulted mainly from the improvement in operating profit and working capital.

About Nedap N.V. 
Nedap is a leader in Digital Twin Technology, bridging the physical and digital worlds in Healthcare, Livestock, Retail, and Security. Through our Technology for Life philosophy, we create sustainable, forward-thinking solutions that help people and organizations succeed in an ever-changing world.

Nedap has a workforce of over 1,000 employees and operates on a global scale. The company was founded in 1929 and has been listed on Euronext Amsterdam since 1947. Its headquarters is located in Groenlo, the Netherlands.

For more information, please contact:
Rianne Jans
CFO
+31 (0)544 47 11 11
ir@nedap.com 
nedap.com 

Disclaimer
This press release contains the Board of Directors’ forward-looking statements and expectations based on current insights and assumptions, which are subject to known and unknown risks and uncertainties. The actual results or events could differ from these expectations due to changes in the economic climate, developments on specific markets, orders from individual customers and/or other developments.

Nedap cannot be required to update the forward-looking statements contained in this document or held responsible for doing so, regardless of whether they are related to new information, future events or suchlike, unless Nedap is required to do so by law.

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“The Future of AI is Soul” — Galaxy Corporation CEO Yong-ho Choi Graces the Finale of UN ‘AI for Good’ Summit

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Presents a global Physical AI vision through K-POP humanoid robot performances and a keynote address

SEOUL, South Korea, July 16, 2026 /PRNewswire/ — Yong-ho Choi, CEO of Galaxy Corporation — a leading global Physical AI enter-tech company — captured the attention of global AI industry leaders and international media by delivering a major keynote address and showcasing a K-POP humanoid robot performance on the finale stage of the ‘AI for Good Global Summit 2026’, hosted by the UN’s International Telecommunication Union (ITU).

On July 10 (local time) at the Palexpo in Geneva, Switzerland, Choi delivered his keynote speech under the theme of “Today, Tomorrow, and the Day After Tomorrow – The Future of AI is Humanity.”

Choi defined the future of AI in stages: “Tomorrow (Physical AI) and the Day After Tomorrow (Soul AI).” He emphasized, “AI should not merely develop to become smarter technology, but rather to protect human love, memories, and emotions.”

He concluded his address with the poignant message, “Let’s Give AI a Soul,” drawing resounding applause from the audience of over 2,000 global AI experts and corporate executives. The speech was highly praised for presenting a new AI paradigm that places humanity, culture, and emotion at the core of technological advancement, moving beyond purely tech-centric AI.

Following the keynote, a K-POP humanoid robot performance curated by Galaxy Corporation was unveiled as the grand finale. The humanoid robots executed actual K-POP choreographies with stunning precision, demonstrating how AI is evolving beyond technology into a new entertainment platform capable of expressing culture and emotion.

During his speech, Choi also introduced ‘MACH33’, the world’s first robot fashion show, and the Physical AI robot theme park, ‘Galaxy Robot Park’. The recently pre-opened Galaxy Robot Park sold out all of its July weekend show slots immediately upon ticket launch. Following its official grand opening this coming September, the park is scheduled to run more than 1,000 permanent K-POP robot shows annually.

“We will establish a global Physical AI enter-tech platform that supplies emotion, character, fashion, and K-content to humanoid robots worldwide, shaping a new culture where humans and robots coexist,” said CEO Yong-ho Choi.

This UN ITU stage served as an official global platform for Galaxy Corporation to declare its vision of the ‘Soul AI’ era, transcending ‘Physical AI’. Guided by the philosophy that “The Future of AI is Humanity,” Galaxy Corporation plans to accelerate the establishment of a global ‘Soul AI’ cultural ecosystem, championing a new paradigm where AI serves as a technology to protect human love, memories, emotion, and happiness.

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SOURCE Galaxy Corporation

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Edinburgh Airport Partners With Airportr To Bring Baggage-As-A-Service To One Of The UK’s Fastest-Growing Travel Hubs

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Service launches with easyJet as primary airline partner, extending Edinburgh’s multi-year investment in passenger flow, terminal capacity, and customer experience

EDINBURGH, Scotland, July 16, 2026 /PRNewswire/ — Airportr, the travel technology company that pioneered Baggage-as-a-Service, allowing checked-in passengers to have their luggage collected from their home or hotel and delivered directly to their flight, has partnered with Edinburgh Airport and easyJet to bring the Airportr service to passengers departing from one of the UK’s busiest and fastest-growing airports.

Available in time for the busy summer holidays, Airportr’s door-to-flight service gives easyJet customers travelling from Edinburgh the option to check in their luggage from home, skip bag drop on departure and, when travelling to Geneva, have their bags delivered from their flight to their final destination.

“Making travel as easy as possible for our customers is at the heart of everything we do, which is why we’re really pleased to be introducing Airportr’s services for our customers flying from Edinburgh Airport,” says Kevin Doyle, easyJet’s UK Country Manager. “With the summer holidays now underway, we want to make the journey as smooth as possible for our customers whether they’re travelling for business or leisure.”

By giving travellers the option to arrive at the airport without luggage, Edinburgh Airport can ease pressure on landside areas, reduce queue lengths at check-in, and gain greater control over passenger flow during peak, high-volume periods.

For an airport that handled a record 16.9 million passengers in 2025 (including 61,636 on a single day in July), with peak-summer days expected to repeatedly surpass last year’s busiest figures throughout the 2026 season, this is a significant operational advantage.

“We’re always looking at ways to make travel easier for our passengers, and this new service from easyJet and Airportr does exactly that,” says Peter Barnes, Chief Operating Officer at Edinburgh Airport. “Being the first airport in Scotland to offer home luggage collection gives passengers even more choice and convenience, particularly during the busy summer period when many people are heading away on holiday.”  

An extension of Edinburgh’s customer experience strategy

The partnership with Airportr reflects recent investments by Edinburgh Airport in passenger flow, terminal capacity, and the on-airport experience. A £5.8 million redesign of the check-in hall delivered more space and added 50 self-service kiosks ahead of the 2025 summer season. The airport also introduced technology to better analyse and manage curb-to-flight flow management, optimising passenger movement across the terminal.

Airportr extends those efforts off-airport. By moving baggage check-in from the terminal to the passenger’s doorstep, the service removes one of the most space-intensive activities from the landside experience and reallocates time that passengers would otherwise spend in queues.

Airportr’s research indicates that the service will address a common passenger frustration and create a better airport experience, which should lead to high adoption rates; 76% of passengers with checked baggage want to spend under 45 minutes getting to the gate, 67% of Airportr customers say the ability to avoid carrying heavy luggage through the airport was the primary reason for choosing the service, and only 9% say that not having to queue and a smoother airport experience was not a benefit of the service at all.

“Our ongoing, successful partnership with easyJet has demonstrated that door-to-flight and flight-to-door baggage service provides passengers with a level of convenience and peace of mind they find highly desirable as a part of their travel experience,” said Ultan O’Brien, Chief Revenue Officer at Airportr. “Extending those benefits to easyJet customers flying from Edinburgh Airport increases the value of our service across easyJet’s network and is just the latest in what we expect to be many more exciting expansions in years to come.”

A blueprint for high-growth airports

Edinburgh Airport approached Airportr after observing the service’s measurable impact at other major hubs. While other participating airlines will be brought into the programme in due course, easyJet, the largest airline at the airport by departure share, is the primary launch partner. easyJet operates around 288 weekly departures from Edinburgh, and the carrier already offers the Airportr service at Geneva and London Gatwick, with Zurich and Basel set to follow.

The launch also demonstrates Airportr’s ability to replicate and scale its operating model at new airports quickly. The logistics infrastructure, technical integrations, and deployment processes already tested and proven at other airports, such as Frankfurt and Heathrow, were easy to replicate at Edinburgh.

The partnership between Airportr, easyJet and Edinburgh Airport shows what Baggage-as-a-Service looks like at scale, and that it can be a value-add for airports as well as airlines.

To arrange an interview with Airportr or for more information about Airportr’s partnership with Edinburgh Airport and easyJet, please contact Vanessa Horwell at vhorwell@thinkinkpr.com.

About Airportr
Airportr pioneered Baggage-as-a-Service to address one of aviation’s most complex and resource-intensive operational challenges: baggage handling. By enabling airlines to collect and check bags before passengers reach the airport and deliver them directly to their destination, Airportr turns baggage from a cost centre into a convenient, revenue-generating part of the travel journey. The model reduces congestion, eases peak staffing pressure, and improves predictability in constrained airport environments, while making travel easier for passengers. Airportr already handles over one million bags each year, with 92% of users reporting an improved travel experience. Airportr works with leading airlines, including Austrian Airlines, British Airways, easyJet, Lufthansa, Singapore Airlines, SWISS and Virgin Atlantic, and operates with a global network of logistics and ground-handling partners. Visit https://airlines.airportr.com/ to learn more. 

About Edinburgh Airport
Edinburgh Airport is Scotland’s busiest airport and welcomed almost 17 million people in 2025 – a record for any Scottish airport. It connects Scotland to major hubs in the UK, Europe, USA, and the Middle and Far East, ensuring seamless connections for travellers.

Working with 39 airlines and flying to over 160 destinations with 240 routes, the airport is a major economic driver for Scotland. A report from BiGGAR economics in 2025 found that Edinburgh Airport generated £2.7 billion Gross Value Added (GVA) and almost 44,000 jobs in the Scottish economy. The airport strives to build on that contribution and grow responsibly through its Greater Good sustainability strategy, ensuring a sustainable future for aviation in Scotland and for the airport and the people it benefits.

VINCI Airports owns a 50.01% stake in the airport, with Global Infrastructure Partners managing the remaining 49.99%

About easyJet
easyJet is one of Europe’s largest airlines, offering a unique and winning combination of the best route network connecting Europe’s primary airports, great value fares, and friendly service.

easyJet flies on more of Europe’s most popular routes than any other airline and carried 100 million passengers in 2025. The airline has over 350 aircraft flying on over 1,200 routes to more than 160 airports across 35 countries. Over 300 million Europeans live within one hour’s drive of an easyJet airport.

easyJet aims to be a good corporate citizen, employing people on local contracts in nine countries across Europe in full compliance with national laws and recognising their trade unions. The airline supports several local charities and has a corporate partnership with UNICEF which has raised over £17m for the most vulnerable children since it was established in 2012.

In 2022, easyJet published its roadmap to net zero by 2050. The roadmap, which also features a combination of fleet renewal, operational efficiencies, airspace modernisation, Sustainable Aviation Fuel and carbon removal technology, has set an ambitious interim carbon emissions intensity reduction target of 35% by 2035, validated by the Science-based targets initiative (SBTi). The airline’s ultimate aim is to fully transition its fleet to zero-carbon-emission technology, which it will achieve through a number of strategic partnerships, including with Airbus, Rolls-Royce and GKN Aerospace Solutions. Since 2000, the airline has successfully reduced its carbon emissions per passenger, per kilometre by one-third and is the number 1 ESG rated airline in Europe by Sustainalytics, MSCI and CDP.

Innovation is in easyJet’s DNA – since launching over 30 years ago, easyJet changed the way people fly to the present day where the airline leads the industry in digital and operational innovations to make travel more easy and affordable for its passengers. In 2023, easyJet was named by TIME as one of the World’s Best Companies and, in 2024, as a Leader in Diversity by The Financial Times.

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Tokenized Assets a Key Priority for Financial Services Firms, Broadridge Survey Finds

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New Tokenization Pulse Survey reveals increasing strategic importance and investment, with firms focused on a hybrid market infrastructure

NEW YORK, July 16, 2026 /PRNewswire/ — Tokenization is no longer a future-state concept, as financial institutions increasingly view it as a strategic priority and prepare for a future in which digital and traditional assets operate side by side. Broadridge Financial Solutions, Inc. (NYSE: BR) today released findings from its inaugural Broadridge Tokenization Pulse Survey, which reveals that firms are moving beyond exploration and are now focusing on how tokenization will reshape products, workflows, and markets in the years ahead.

Among the survey’s key findings:

84% of firms say tokenization is strategically important to their organization.68% believe tokenization will partially reshape financial markets within the next three to five years.69% plan to hybridize existing infrastructure rather than build fully separate systems.92% expect digital and traditional assets to coexist for the foreseeable future.Nearly one-third plan to increase tokenization investment by 26% to 50% or more over the next two years.

“Across the industry, there is clear recognition that tokenization has the potential to reshape how assets are issued, traded, financed, and serviced,” said German Soto Sanchez and Mark Nichols, Co-Presidents of Digital Assets at Broadridge. “These survey results underscore both the opportunities and challenges firms face as they seek to connect digital and traditional assets, support governance and controls, and build markets that are efficient, resilient, and trusted.”

The report highlights that adoption is progressing at different stages across the industry. Capital markets firms are leading implementation efforts, while asset managers and wealth managers continue to build capabilities and evaluate operating models. The findings also suggest that public market funds may be among the leading areas of early adoption, with 80% of respondents expecting tokenized mutual funds and money market funds to play a meaningful role within five years. By contrast, expectations for equities are more muted, with only half expecting meaningful tokenization over the same time period.

While enthusiasm is growing, the demand picture remains mixed. Among capital markets firms, market infrastructure developments are viewed as being on par with institutional demand as the top source of urgency (22% each). Asset managers place even greater emphasis on market infrastructure developments (28%), followed by broader market momentum (25%). The findings suggest that demand for tokenization is building most quickly in areas where it can deliver clear utility and tangible market outcomes.

Download the full report and explore all findings, here.

Methodology

Broadridge commissioned Phronesis Partners to conduct this survey. The study surveyed 200 senior decision-makers across wealth management, asset management, capital markets, and digital asset firms in the United States and Canada.

About Broadridge’s Tokenization Solutions

Broadridge enables on-chain proxy voting and governance, digital asset infrastructure including post trade, wallets and custody, and the scaling of digital asset capabilities across multiple asset classes. Broadridge’s governance platform serves all models of tokenized securities, including issuer-listed models, synthetic securities issued outside the United States, and third-party tokenized shares within the United States, helping ensure investors receive the same rights and protections regardless of how assets are structured or owned.

Broadridge’s Distributed Ledger Repo (DLR) solution is the world’s largest institutional platform for settling tokenized real assets, tokenizing approximately over $365 billion a day. As tokenization gains momentum across financial services, Broadridge is meeting the complexity of operating across traditional and digital ecosystems with established scale, critical market knowledge, and technological expertise.

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. 

Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $15 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com.

Broadridge Contacts:

Investors: 
broadridgeir@broadridge.com

Media:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com

 

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SOURCE Broadridge Financial Solutions, Inc.

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