In addition to an operating profit (EBIT) that, like in the first quarter, deviates positively from previous seasonal patterns and continues to grow, Transcendent Group also exhibits growth of approximately 23* percent in the second quarter of 2021. Growth is driven by a general increase in demand for GRC services with a clear trend in increasing demand for cyber security services. Revenue for the second quarter of 2021 amounts to approximately SEK 60.9* million, compared with SEK 49.5 million in the second quarter of 2020.
Operating profit (EBIT) for the period is estimated to amount to approximately SEK 8.8* million, corresponding to an operating margin of 14.4* percent. Operating profit for the second quarter of 2020 was SEK -0.9 million. The improved earnings are primarily due to the improved sales but also a result of increased efficiency.
*The figures reported here are preliminary and have not been reviewed by the company’s auditor