Netcompany Denmark realised revenue on level with 2022, due to decreased revenue in the private segment, however, slightly offset by increase in the public segment.

Revenue growth: -0.2%
Gross profit margin: 37.2%
Adj. EBITA margin: 22.2%
Client facing FTEs: 2,837

Netcompany-Intrasoft grew by 20.6% driven by strong performance in both public and private segment, and delivered margin on level with last year.

Revenue growth: 20.6%
Gross profit margin: 19.9%
Adj. EBITA margin: 11.0%
Client facing FTEs: 3,228

 

Netcompany UK grew revenue by 21.9% mainly driven by strong performance in public segment and increased tender writing, which however impacted margin negatively.

Revenue growth: 21.9%
Gross profit margin: 25.1%
Adj. EBITA margin: 13.4%
Client facing FTEs: 613

 

Netcompany Norway increased revenue by 25.8% driven by both public and private revenue. Margin was improved and the entity is expected to become profitable within 2024.

Revenue growth: 25.8%
Gross profit margin: 15.2%
Adj. EBITA margin: -1.3%
Client facing FTEs: 355

 

Netcompany Netherlands grew revenue by 44.7% solely driven by the public segment, while margin improved significantly due to better pricing on new projects.

Revenue growth: 44.7%
Gross profit margin: 21.4%
Adj. EBITA margin: 2.7%
Client facing FTEs: 162