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The third quarter 2021 (third quarter 2020)

First nine months, January-September 2021 (January-September 2020)

Significant events in the third quarter of 2021

Significant events after the end of the quarter

Comments from CEO Martin Malm:

“The third quarter is normally characterized by lower activity due to holiday periods and in that light it feels good to report that we continue to grow and succeed in delivering another strong quarter. The general demand for our GRC services remains high and the revenues for the third quarter amounted to just under SEK 45 million, which is an increase of just over 16 percent compared with the corresponding quarter last year.

Our operating profit continues to differ positively from previous seasonal patterns, where we in previous years have reported a negative result given that two holiday months normally burden the quarter. Despite this, we this year in the third quarter, succeed in reporting a positive operating profit amounting to SEK 0.3 million. The Established Markets segment in particular showed strong revenue development during the quarter. We see increased costs for variable remuneration for our skilled employees and we expect this to continue throughout the year.

Our growth is driven by a general increase in demand for services within GRC, where Cyber ​​Security continues to have an upward trend. One of our challenges is to find and recruit talents and experienced consultants at a sufficient pace to keep pace with the growing demand.

All in all, we can state that 2021 has so far been a great success for Transcendent Group, where we have succeeded in delivering in accordance with our goal of achieving sustainable and profitable growth. With good financial developments and a strong position in the market, we have a stable foundation to build on. I am optimistic about the future of Transcendent Group where we are in a good position to end the year on top by once again creating stable growth and delivering the best full-year result in the company's history.”

Link to the report

The report is attached to this press release and is available at