Corporate Governance

Presidents Statement

I am very pleased to be able to announce the seventh consecutive quarter demonstrating improved profitability. Profit before tax amounted to SEK 25.4 million, representing an increase of 23% compared with the same quarter last year. I can state that the result is the best ever, both for a second quarter and first six months, in the history of the company. This excellent profit development is based on constant improvements and committed staff – a combination that is hard to beat. 

The company’s total revenues increased by 19% throughout the quarter and amounted to SEK 682 million. Economic market growth throughout the period amounted to around 2%. This is the second consecutive quarter in which we have grown considerably more quickly than the market, and with that I can confirm that we have continued to take further market shares. All Business Units are showing good growth for the period, which is another positive aspect. 

Total revenues for service operations have developed well and amounted to SEK 225 million during the quarter, representing an increase of 9%. Total revenues for cloud services have also developed positively and amounted to SEK 73 million during the quarter, representing an increase of 43%. 

Part of the company’s strategy involves increasing revenues in respect of cloud services, while another element involves increasing revenues in respect of converged infrastructure. We received confirmation that the latter part of the strategy has been implemented successfully when the company was named EMEA Data Centre Partner of the Year by NetApp during the quarter. Sales of these solutions have increased by more than 50% throughout the quarter. We have also implemented strategic customer projects in the Software Defined Data Centre field throughout the quarter, which involves a software-based infrastructure providing enhanced efficiency and scalability. With these concepts, we are helping our customers to efficiently implement advanced private cloud services and other services. A number of examples of transactions completed during the quarter can be found in the section entitled “Events during the quarter”. 

During the quarter, 51 % of the Business Unit “Microsoft Data Centre Innovation Services” was acquired from VX Company in the Netherlands. This is a strategic acquisition, implemented in order to complement the company’s offering with application expertise in the Microsoft field and reinforce the company’s offering in the field of cloud services.  

Internal initiatives implemented in fields such as innovation and sales are continuing to pay off, making us even more competitive. Our ability to help our customers to minimise risks and reduce costs, and also to supply flexible IT services and products, places us in a strong position on the European market, thereby giving as good opportunities for continued positive development in terms of both earnings and profits. 

Martin Ödmand

CEO and President


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