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Edge12 Dec 2025
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ECIT (ECIT) investor relations material
ECIT has been delisted
ECIT Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2024 earnings summary17 Jun, 2025
Executive summary
2024 saw satisfactory performance across most financial metrics, with revenue of NOK 3.8 billion, up 11.5% year-over-year, and EBITDA of NOK 562 million at a 14.7% margin, slightly higher than last year. Major events included the acquisition by TowerBrook Capital Partners and Long Path Partners, delisting from Euronext Growth, and the establishment of ECIT TopCo AS as the new parent company in November 2024.
Nine acquisitions were completed, including the largest to date, Qlosr Group, strengthening managed services and IT supply in Sweden. Free cash flow increased by nearly 23% to NOK 354 million.
The group operates in 10 countries with over 2,700 employees and continues to focus on M&A-driven growth, integration, and sustainability initiatives.
Financial highlights
Full-year revenue reached NOK 3.8 billion, up 11.5% year-over-year, with 3.5% organic growth.
EBITDA was NOK 562 million, margin 14.7%, driven by cost-saving programs.
Adjusted profit for 2024 was NOK 190 million, up nearly 3% year-over-year.
Free cash flow was NOK 354 million, up 23% year-over-year.
Net interest-bearing debt (excl. leases) at year-end was NOK 678 million; financial gearing ratio at 1.45x.
Outlook and guidance
Focus for 2025 is on improving profitability, disciplined cost management, and operational efficiency.
Continued M&A activity expected, with several acquisitions already completed in early 2025.
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Frequently asked questions
ECIT AS is a Norway-based company that offers a broad range of services across three main divisions: Information Technology (IT), Finance & Accounting (F&A), and Technology solutions. The company's IT services include managed services, cloud solutions, and IT consulting, focusing on improving clients' operational efficiency. In the F&A sector, ECIT provides accounting, payroll, management consulting, HR services, and financial reporting. Its technology division develops software applications, particularly for financial and accounting automation. The company is headquartered in Fornebu, Norway, and its shares are listed on the Oslo Stock Exchange.
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