The first quarter 2022 (first quarter 2021)
Significant events in the quarter
Significant events after the end of the quarter
Comments from CEO Martin Malm:
”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 SEK 60.6 million compared to the corresponding quarter last year. We are also exhibiting a strong EBIT margin of almost 11 percent, which equals a profitability increase of more than 50 percent compared to the corresponding quarter last year. The first quarter of the year is normally characterized by a somewhat lower activity due to holidays and vacations, but this year we have exhibited high activity during the quarter. It is by far our best first quarter in the history of the company.
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 Transcendent Group will succeed in delivering a strong year that continues to build our trend of sustainable and profitable growth.”
Link to the report
The report is attached to this press release and is available at https://transcendentgroup.com/investor-relations/