Ecit AS (OSL:ECIT)

kr 7.06 -0.04 (-0.56%) Market Cap: 3.27 Bil Enterprise Value: 4.01 Bil PE Ratio: 32.10 PB Ratio: 2.42 GF Score: 74/100

Q4 2023 Ecit AS Earnings Call Transcript

Feb 28, 2024 / 09:00AM GMT

Release Date Price: kr7.1 (+1.43%)

Transcript

Unidentified Participant

Welcome to this presentation from the annual report 2023. The results will be presented by CEO, Peter Lauring; and CFO, Mads Skovgaard.

Peter Lauring

Ecit AS - CEO

Hello, and welcome to Ecit annual report 2023. As well, we are celebrating the 10-year anniversary of Ecit. Agenda of today is key financials '23; performance in our divisions acquisitions in the year; financial comment from our CFO, and a few review comments at the end. First, a little about Ecit marking the 10 years anniversary.

What drives Ecit is that we integrate IT, accounting, and software. We buy companies and we built a group and we are mainly managed by the interveners coming into the group through our acquisition. We aim to become a truly tech-driven services provider. Our 10 years' performance marked by the 10-year anniversary is listed on the right-hand side of the slide, starting in 2013 from scratch and delivering a NOK3.4 billion, NOK500 million, 14.5% margin, 2023.

Mid to long term, we aim to reach financial targets whereas revenue growth should

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