The first quarter 2022 (first quarter 2021)
- Total revenue amounted to
SEK 60.6 million (51.0), an increase of 18.8 percent compared to the corresponding period last year. - EBITDA amounted to
SEK 8.8 million (7.0). - The EBITDA margin amounted to 14.5 percent (13.6).
- Operating profit (EBIT) amounted to
SEK 6.6 million (4.3). - The EBIT margin amounted to 10.9 percent (8.5).
- Profit before tax amounted to
SEK 6.4 million (4.2). - Cash flow amounted to 5.9 MSEK (-4.3).
- The average number of employees amounted to 123 (111).
- Earnings per share amounted to
0.69 SEK (0.56).
Significant events in the quarter
Transcendent Group strengthens offering in information and cyber security services with new expert recruitments- Following a period of high staff turnover and limited possibilities to reach profitability,
Transcendent Group decides to wind up the operations inthe Netherlands Transcendent Group was ranked as Sweden’s 10th best workplace onGreat Place to Work Sweden’s annual top list in the medium-sized companies’ category.Transcendent Group is also the highest ranked company of all medium-sized companies listed on any of Nasdaq Stockholm’s marketplaces. In 2021,Transcendent Group was ranked 8th best workplace.
Significant events after the end of the quarter
Transcendent Group has been ranked as Norway’s 2nd best workplace on Great Place To Work’s annual ranking, in the small companies’ category. This is the fifth year in a row thatTranscendent Group is on the top list inNorway . In 2021, the company was ranked third on the list.
Comments from CEO
”2022 has continued on the same path as previously with another strong quarter that was characterized by profitable growth. At the same time, we continue to reach our clear ambition to even out the earnings capacity between the quarters.
In the first quarter of 2022, we increased our sales by almost 19 percent to
Demand for our GRC services continues to be very strong and Cyber Security remains the area where our services are most sought-after. We currently see a strong demand in all our markets and have been able to increase profitability in our customer projects.
With such a strong start to 2022 behind us, I am convinced that
Link to the report
The report is attached to this press release and is available at https://transcendentgroup.com/investor-relations/
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