Conscia demonstrates record-breaking results in its financial year 2022/23, with revenue growing 32% to EUR 582 million (DKK 4,300 million) and operating income increasing by 24% to EUR 58 million (DKK 434 million). The revenue growth is primarily organic and reflects a strong underlying business in all six geographical markets.
“The financial results in 2022/23 are exceptional, and we are especially pleased to see a consistently strong performance across all our markets and business areas. During the last couple of years, we have expanded our offerings and are now benefitting from our ability to deliver a full package of network, cloud infrastructure, and cybersecurity solutions and services to our customers in all our markets. The order intake in 2022 was fantastic, and 2023 turned out even better,” says CEO Erik Bertman, Conscia.
Highlights
- Revenue increases 32% to EUR 582 million (DKK 4,337 million)
- Solutions grow by 38% to EUR 456 million (DKK 3,393 million)
- Service grows by 15% to EUR 127 million (DKK 944 million)
- The highest growth is concentrated in the largest markets in the Nordic region – with all six geographical markets growing between 15% and 57%
- Normalized EBITDA (excluding special items) increases 24% to EUR 58 million (DKK 434 million)
- The organization grows by 7% to 1,020 employees at year-end.
The company today publishes its record-breaking annual report for the period 1 October 2022 to 30 September 2023, which is the second consecutive year of very strong organic growth. Revenue growth is driven by robust sales and commercial activities across the Group coupled with normalization in the spring of 2023 of supply chain issues related to the Covid pandemic.
“With recent years’ broadening of Service and Solutions product lines, we are successfully helping our customers in three distinct technology areas: Networking, cloud and data center, and cybersecurity. We work closely with technology partners like Cisco, Palo Alto Networks, and VMware to fulfill our customers’ needs for reliable and secure IT infrastructure,” says Erik Bertman.
Please find more information at https://conscia.com/press-releases/annual-results-2022-23/
