Financial performance

Given the macroeconomic context, we performed solidly in the third quarter. From conversations with customers and partners, though, it's clear that the entire market is under pressure: economic growth is slowing, pricing is under pressure, and this is affecting all segments and industries. One-off business, such as consulting, is particularly feeling the impact of these economic headwinds.

However, thanks to strict cost control and continued automation and efficiency efforts (for instance by using AI throughout our core processes), we’ve been able to protect our bottom line and grow margin.

Sebastiaan Peeters

CFO SD Worx