Redeye shares its initial view on Modelon’s Q2 2025 report. The previously communicated preliminary ARR figure was confirmed, showing a 9% year-on-year increase, primarily driven by 28% growth in the flagship Modelon Impact business. Overall, reported figures were broadly in line with our expectations, though softer demand in Solution Services and FX headwinds had a noticeable impact. In response to the uncertain market environment, Modelon has taken additional cost measures to stay on track toward its financial targets. We anticipate minor adjustments to our forecasts.
