Norwegian software company Omda AS reported second-quarter 2026 revenue of 127 million Norwegian kroner, driven by a 9% organic increase that was partially offset by foreign-exchange headwinds to deliver 5% reported growth. The company’s EBITDA margin expanded to 25%, up from 19% in the same period a year earlier and 10% in Q2 2024, reflecting improved operational efficiency under its recurring revenue model.
Revenue composition showed the Specialised Healthcare segment generating 71 million kroner, or 56% of total, with an EBITDA margin of 28% and 10% sequential organic growth. The Emergency segment contributed 55 million kroner, accounting for 44% of revenue, with a 22% EBITDA margin and 7% sequential organic growth. Recurring software revenue reached 97 million kroner, representing 76% of total revenue, while professional services contributed 25 million kroner, approximately 90% of which was recurring.
Capitalized development costs declined to 7% of revenue in Q2 2026, below the historical 10% level, with guidance projecting 9% for full-year 2026 and 8% for 2027. The company aims to reduce this further to 5% over the long term. Omda’s stock traded near the midpoint of its 52-week range of 33 to 51.80 Norwegian kroner, having gained 95% over the prior six months.
Omda also outlined strategic progress tied to its pending acquisition of Saab Public Safety Solutions (PSS), expected to close in Q4 2026. The deal is projected to add an annual revenue base exceeding 100 million Swedish kronor, including approximately 60 million kronor in recent contract wins. PSS revenue is forecast to grow from 60 million kronor in 2026 to 580 million kronor by 2030.
For 2026, Omda guided to pro forma revenue of approximately 600 million kroner, comprising roughly 500 million kroner from organic operations and 100 million kroner from acquisitions. Total revenue is expected to reach 720 million kroner in 2027, with organic growth accelerating to around 630 million kroner. The company targets EBITDA margins of 28-32% for 2026-2027, with a long-term goal of exceeding 30%. By 2030, Omda projects total revenue of approximately 1.2 billion kroner, assuming constant currency, 5% annual organic growth, and 15% annual acquired growth.
