Netcompany's 2024 Success: A Recipe for Sustainable Growth

Netcompany, the Danish IT services and software company, has just released its interim report for the 12 months ended 31 December 2024 and its Annual Report 2024. The results are nothing short of impressive, with the company reporting a 7.6% increase in revenue and a significant improvement in adjusted EBITDA margin. But what's truly remarkable is the sustainability of these improvements, which can be attributed to several strategic initiatives.



Firstly, Netcompany's investment in operations has paid off handsomely. The company's CEO, André Rogaczewski, noted that the impacts of significant investment into operations materialised in continued growth and an improvement of more than 53% in earnings compared to the previous year. This investment has led to improved efficiencies and better utilisation, particularly in the Danish part of the Group.

Secondly, Netcompany's business development efforts have been instrumental in driving growth and margin expansion. The company has continued to win new large projects based on its products and platforms, further boosting its revenue. This is evident in the strong growth experienced by Netcompany-Intrasoft and the Netherlands, as well as the recovery in the Danish part of the Group.

Thirdly, Netcompany's talent acquisition and retention strategy has been a key driver of its success. The company has successfully hired outstanding talent, with the average number of full-time employees (FTEs) increasing by 4.2% in Q3 2024 compared to the same period in 2023. This growth in FTEs, combined with the high talent retention rate, has contributed to the company's overall performance.

Lastly, Netcompany's expansion into new markets has been a significant factor in its growth. The company's subsidiaries, Netcompany-Intrasoft and its operations in the Netherlands, have contributed strongly to the company's revenue growth.



In conclusion, Netcompany's 2024 success is a testament to the company's strategic initiatives and its ability to adapt to challenging market conditions. The company's investment in operations, business development, talent acquisition, and expansion into new markets has driven its revenue growth and improved its adjusted EBITDA margin. With its midterm targets for 2026 in sight, Netcompany is well-positioned for continued growth and success.