Nordlo Reports 13% Revenue Growth in Norway for 2024
IT group Nordlo saw its Norwegian revenue increase by 13% to 383 million NOK in 2024, while also improving profitability. The growth was achieved despite a challenging economic climate.
IT group Nordlo has announced its 2024 financial results for Norway, reporting a 13% increase in revenue, reaching 383 million NOK. The company also improved its profitability during the period.
Bjørn André Lerøen, Business Area Manager for Nordlo Norway, attributed the growth to the company's operational model, which prioritizes a deep understanding of customer businesses. He highlighted that Nordlo's decentralized structure, featuring autonomous local units, differentiates it from competitors in the market.
"Our local units possess strong entrepreneurial drive and autonomy, operating independently while being supported by a central organization that provides group-level expertise, knowledge-sharing processes, and a unified brand," Lerøen stated.
Since its establishment in 2019, Nordlo's revenue in Norway has grown by nearly 80%. The group also operates in Sweden, with Norway accounting for 16% of the total revenue. Nordlo aims to achieve 1 billion NOK in revenue in Norway within three years through strategic acquisitions and annual organic growth of 10-15%.
Lerøen indicated that Nordlo will continue its growth trajectory through acquisitions and is actively engaged in discussions with several local companies. The company will maintain its focus on core areas such as cloud services, infrastructure, and cybersecurity.