Company ECIT

ECIT

NO0010939804

Personal Services

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-04-26 am EDT			5-day change	1st Jan Change
6.8 ^NOK	-0.29%		-2.58%	-12.82%

Mar. 21	ECIT AS (OB:ECIT) acquired 75% stake in Företagsbyrån I Luleå Ab.	CI
Mar. 01	ECIT Unit Buys Accounting, Payroll Portfolios	MT

Business Summary

Ecit AS is a Norway-based company, that support its customer with accounting, payroll, and a broad range of Information Technology (IT) services. The Companyâs business operations are carried out by three divisions: Information Technology (IT) that offers IT services based on business understanding, and more than 400 IT-experts are ready to help its customers operate and optimize their IT setup. The Finance & Accounting division improves customersâ efficiency through delivering vital administrative services in a more effective and productive way. The Tech division develop software applications primarily used within Finance & Accounting as well as IT business areas. The company operates in Norway, Denmark, Sweden, Finland, Lithuania, Poland, Germany, Serbia and the United Kingdom.

Number of employees: 2,602

Sales per Business

NOK in Million	2022	Weight	2023	Weight	Delta
Finance and Accounting 56.7 %	1,543	54.6 %	1,950	56.7 %	+26.38%
Information Technology 42.5 %	1,260	44.6 %	1,461	42.5 %	+15.95%
Technology 4.8 %	143	5.1 %	165	4.8 %	+15.38%
Group & Elim. -4.0 %	-120	-4.2 %	-139	-4.0 %	+15.83%

Sales per region

NOK in Million	2022	Weight	2023	Weight	Delta
Norway 65.8 %	1,897	67.2 %	2,264	65.8 %	+19.35%
Denmark 15.0 %	377	13.3 %	515	15.0 %	+36.60%
Sweden 14.6 %	436	15.4 %	501	14.6 %	+14.91%
Other 4.6 %	115	4.1 %	159	4.6 %	+38.26%

Managers

Managers	Title	Age	Since
Peter Lauring CEO	Chief Executive Officer	65	12-12-31
Mads Skovgaard DFI	Director of Finance/CFO	-	-
Halvor Sewell Aspaas CTO	Chief Tech/Sci/R&D Officer	-	-
Mikkel Walde CTO	Chief Tech/Sci/R&D Officer	46	-
Klaus Jensen BRD	Director/Board Member	49	-
Camilla Hagberg HRO	Human Resources Officer	-	-
Lise Molund LAW	General Counsel	-	-

Members of the board

Members of the board	Title	Age	Since
Peter Lauring CEO	Chief Executive Officer	65	12-12-31
Thomas Stig Plenborg CHM	Chairman	57	22-04-07
Pedro Fasting BRD	Director/Board Member	50	13-04-30
Klaus Jensen BRD	Director/Board Member	49	-
Cato Holmsen BRD	Director/Board Member	-	-
Linda Janne Forberg BRD	Director/Board Member	-	22-04-07
Esben Karlsen BRD	Director/Board Member	-	22-04-07

Share class

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	345,017,074	204,535,940 ( 59.28 %)	1,198,483 ( 0.3474 %)	59.28 %

Shareholders

Name	Equities	%	Valuation
Espen Karlsen 7.074 %	25,000,000	7.074 %	16 M kr
Stein Marius Varner 7.074 %	25,000,000	7.074 %	16 M kr
Icon Capital AS 6.911 %	24,423,000	6.911 %	16 M kr
Long Path Partners LP 6.451 %	22,798,000	6.451 %	15 M kr
Northern Trust Global Investments Ltd. 4.936 %	17,445,000	4.936 %	11 M kr
Bras Holding AS 4.106 %	14,509,000	4.106 %	9 M kr
MP Pensjon PK 3.006 %	10,622,000	3.006 %	7 M kr
Deka Investment GmbH 2.943 %	10,400,000	2.943 %	7 M kr
Anglo Supply AS 2.763 %	9,764,000	2.763 %	6 M kr
Paradigm Capital GP 2.086 %	7,370,000	2.086 %	5 M kr

Name	Equities	%	Valuation
Mikkel Walde 23.91 %	15,525,000	23.91 %	10 M kr
Klaus Jensen 22.85 %	14,840,000	22.85 %	9 M kr
Martin Hansen 5.393 %	3,502,000	5.393 %	2 M kr

Name	Equities	%	Valuation
Peter Lauring 100.00 %	41,336,000	100.00 %	26 M kr

Holdings

Name	Equities	%	Valuation
ECIT 0.48%	1,708,826	0.48%	1,092,845 $

Company contact information

ECIT AS

Rolfsbuktveien 4A

1364, Fornebu

+47 22 72 14 14

http://www.ecit.com

Group companies

Name	Category and Sector
Ecit Midco Holding AS Ecit Midco Holding AS Financial ConglomeratesFinance Ecit Midco Holding AS provides investment services. The private company is located in Norway. and has subsidiaries in Norway.	Financial Conglomerates
Ecit Int Holding AS Ecit Int Holding AS Financial ConglomeratesFinance Part of Ecit Midco Holding AS, Ecit Int Holding AS functions as an investment holding Norwegian company. The private company is located in Norway.	Financial Conglomerates
Ecit Norge Holding AS Ecit Norge Holding AS Financial ConglomeratesFinance Part of Ecit Midco Holding AS, Ecit Norge Holding AS is an investment holding Norwegian company that also provides IT consulting services. The private company is located in Norway.	Financial Conglomerates