News
Conscia Group delivered 20% growth in revenue and earnings
In the financial year 2020/21, Conscia continued growing its business for managed services, consolidating its leadership in secure network and cloud infrastructure solutions, expanding its geographical footprint, and conducting several value-adding acquisitions.
In the financial year 2020/21, Conscia continued growing its business for managed services, consolidating its leadership in secure network and cloud infrastructure solutions, expanding its geographical footprint, and conducting several value-adding acquisitions.
Conscia’s revenue growth continued to outperform the overall market with a healthy mix of organic and acquisitive growth. Especially, our subscription-based Services business performs very well,
Erik Bertman
Chief Executive Officer, Conscia A/S
The progress contributed to the realization of Conscia’s ambition of becoming the preferred networking and cloud infrast
“Conscia is on a strong trajectory with increasing
recurring revenue and have lifted normalized EBITDA significantly by 18%
annually over the last three years. We are investing heavily in further
strengthening of our best-in-class technical competencies,
differentiated service offering and international footprint,” says Erik Bertman.
Highlights
- Revenue increased by 20% to EUR 369.6 million (2019/20: EUR 308.1 million)
- Normalized EBITDA grew by 20% to EUR 41.5 million (2019/20: EUR 34.5 million)
- Key revenue growth drivers were subscription-based managed services and expansion of core offering through cross-selling and acquisitions
- Strategic acquisitions to strengthen expertise in core vendor solutions
- For the financial year 2021/22, management expects double-digit growth in revenue and normalized EBITDA.
