WEBSTEP ASA
Sector unknown·WSTEP · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Labour and wages
Raw materials and inputs
DriverNegative impact: weakens
“The revenue growth of 2.8 per cent from own consultants was driven by increased hourly rates and one more working day compared to last year, whereas lower utilisation and a reduced number of consultants negatively affected the revenue growth.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“Access to employees The employees are the most important asset of Webstep. In order to ensure stable growth, the Group is dependent on being an attractive employer to retain and attract new employees.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“Personnel expenses include salaries and benefits, pension, social security tax, vacation pay and other items. A high proportion of salary is variable. Webstep’s salary model is a merit-based model where the consultants have a base salary in addition to a variable pay as a fixed share of the bill rate.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“An important part of the Webstep strategy is to employ and offer highly qualified senior IT consultants with significant experience. The Group employed 448 employees at the end of December, of which 402 were IT consultants.”
Annual report 2024A · The company itself
Digitalisation
Technology
DriverPositive impact: strengthens
“While the short-term outlook may be uncertain, we have no doubt about the long-term trends that will drive the market for digitalisation services. The strategic potential in structuring, analysing and leveraging business data is enormous. Also, we have only had a small taste of the opportunities that lie in strategic use of artificial intelligence and machine learning.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Webstep’s strategy process was concluded in the fourth quarter of 2024. The most important strategic priorities are to further develop the “One Webstep” approach, enhancing collaboration across regional offices, and enhance customer focus, aiming to incorporate a higher degree of strategic business development into our sales processes and deliveries All in all, with a continued cost focus, a more flexible and agile organisation, and closer alignment with our customers’ strategic agenda, Webstep is well positioned to develop towards and achieve its long-term goal of exceeding a 10 per cent EBIT margin, while maintaining healthy top-line growth.”
Annual report 2024A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Agriculture and food production
End markets
Market
“Webstep is a provider of IT consultancy services and offers expertise to solve demanding digitalization and IT projects in the private and public sector, in a number of different industries including banking, finance and insurance, public administration, agriculture and food production, IT and telecommunication, commerce and transportation.”
Annual report 2024A · The company itself
Chains in: Grain and agricultural commodities mixed effect, Climate change and extreme weather weakens, Grocery retail and private label weakens
Banks and insurance
End markets
Market
“Webstep is a provider of IT consultancy services and offers expertise to solve demanding digitalization and IT projects in the private and public sector, in a number of different industries including banking, finance and insurance, public administration, agriculture and food production, IT and telecommunication, commerce and transportation.”
Annual report 2024A · The company itself
Industrial manufacturing
End markets
Market
“Webstep has customers both within the private and public sectors, and a solid track record of delivering mission-critical solutions to our customers.”
Annual report 2024A · The company itself
IT consulting and public-sector IT
End markets
Market
“Webstep is a provider of IT consultancy services and offers expertise to solve demanding digitalization and IT projects across the private and public sectors. Webstep delivers stand alone consultants as well as project teams, projects and solutions.”
Annual report 2024A · The company itself
Chains in: Public investment and infrastructure strengthens, Digitalisation strengthens
Natural gas
Raw materials and inputs
Market
“Our solid reputation and good position in the oil and gas sector is an important driver for our revenue. While there is continued high activity in the energy space, we see many customers in other industries being more reluctant with regards to investments in IT.”
Annual report 2024A · The company itself
Oil
Raw materials and inputs
Market
“Our solid reputation and good position in the oil and gas sector is an important driver for our revenue. While there is continued high activity in the energy space, we see many customers in other industries being more reluctant with regards to investments in IT.”
Annual report 2024A · The company itself
Chains out: this strengthens Plastics and polymers
Public sector
End markets
Market
“Webstep has customers both within the private and public sectors, and a solid track record of delivering mission-critical solutions to our customers.”
Annual report 2024A · The company itself
Retail
End markets
Market
“Webstep is a provider of IT consultancy services and offers expertise to solve demanding digitalization and IT projects in the private and public sector, in a number of different industries including banking, finance and insurance, public administration, agriculture and food production, IT and telecommunication, commerce and transportation.”
Annual report 2024A · The company itself
Chains in: Consumer spending strengthens
Shipping and logistics
End markets
Market
“Webstep is a provider of IT consultancy services and offers expertise to solve demanding digitalization and IT projects in the private and public sector, in a number of different industries including banking, finance and insurance, public administration, agriculture and food production, IT and telecommunication, commerce and transportation.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices weakens, Global trade volumes strengthens, Fuel strengthens
Telecoms and 5G
Technology
Market
“Webstep is a provider of IT consultancy services and offers expertise to solve demanding digitalization and IT projects in the private and public sector, in a number of different industries including banking, finance and insurance, public administration, agriculture and food production, IT and telecommunication, commerce and transportation.”
Annual report 2024A · The company itself
Business cycle and GDP growth
Macro
DriverNegative impact: weakens
“While there is continued high activity in the energy space, we see many customers in other industries being more reluctant with regards to investments in IT. Decision processes take longer and the willingness to commit capex is in general lower.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Price risk changes in the market can lead to a decline in hourly rates for IT services, which will impact the Company's revenue. Changes in customer demand, increased competition, technological changes, or similar factors can influence the market development.”
Annual report 2024A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Consumer spending
Macro
DriverNegative impact: weakens
“While there is continued high activity in the energy space, we see many customers in other industries being more reluctant with regards to investments in IT. Decision processes take longer and the willingness to commit capex is in general lower.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Price risk changes in the market can lead to a decline in hourly rates for IT services, which will impact the Company's revenue. Changes in customer demand, increased competition, technological changes, or similar factors can influence the market development.”
Annual report 2024A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
Artificial intelligence
Technology
DriverPositive impact: strengthens
“While the short-term outlook may be uncertain, we have no doubt about the long-term trends that will drive the market for digitalisation services. The strategic potential in structuring, analysing and leveraging business data is enormous. Also, we have only had a small taste of the opportunities that lie in strategic use of artificial intelligence and machine learning.”
Annual report 2024A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Climate change and extreme weather
Macro
DriverMixed impact: mixed
“Climate risks including increased focus on climate and sustainability, may affect customers behaviour by reduced ability and willingness to invest in IT projects. However, it may also increase the demand for digital solutions and IT consulting if this will be a solution for the customers to be in compliance with regulations or requirements from stakeholders. Both scenarios may affect the Webstep’s operations.”
Annual report 2024A · The company itself
Chains out: this weakens Agriculture and food production
Cybersecurity (products and services)
Technology
DriverNegative impact: weakens
“Risk related to cyber security Businesses around the world are experiencing an increase in cyberattacks, and the introduction of AI has made these attacks more sophisticated. This entails increasing information security risks in regards to the Group’s internal infrastructure and customer deliveries.”
Annual report 2024A · The company itself
Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation
EU climate and energy policy
Regulation
DriverMixed impact: mixed
“Climate risks including increased focus on climate and sustainability, may affect customers behaviour by reduced ability and willingness to invest in IT projects. However, it may also increase the demand for digital solutions and IT consulting if this will be a solution for the customers to be in compliance with regulations or requirements from stakeholders. Both scenarios may affect the Webstep’s operations.”
Annual report 2024A · The company itself
Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency
Subcontractors and haulage capacity
Raw materials and inputs
InputNegative impact: weakens
“Revenues from subcontractors amounted to NOK 52.9 million (NOK 57.6 million). Revenues from subcontractors can fluctuate over time depending on whether Webstep takes the lead in larger projects in collaboration with partners.”
Annual report 2024A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.87 bn NOK |
| Revenue growth vs. the year before, same method | 1.5 % |
| EBITDA reported by the company | N/A |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | N/A |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | N/A |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (NOK), not converted to DKK. Quotes are shown as the company's own words in the report's original language.