Serviceware SE Experiences Robust Growth with SaaS Leadership

On October 23, 2026, Serviceware SE reported significant financial performance for the first nine months of the 2025/2026 year. Revenue rose by 12.1% year-over-year to EUR 96.2 million, surpassing expectations by 3.4%. This growth stemmed from strong demand for SaaS/Service offerings, acquisition of new customers, and the expansion of existing client relationships. International partnerships also contributed positively, though non-SaaS/Service revenues saw a decline.

The company's EBIT margin improved, doubling from 0.8% to 1.6%, primarily due to an increased share of SaaS products and operating efficiency. The order backlog saw a substantial rise of 24.7%, reaching EUR 121.5 million, which supports favorable future prospects. Management reaffirmed its guidance for 5.0%-15.0% revenue growth for the fiscal year and stronger EBITDA and EBIT figures. Reflecting this positive outlook, the target price for Serviceware SE has been raised to EUR 35, maintaining a Buy recommendation.