Annual report 2022

Words from the CEO

Amidst challenging global economic conditions, including a significant slowdown and a gas shortage in Europe that spiked energy prices and led to nearly 10% inflation, Consid not only thrived but also saw substantial growth. By balancing clients from the public sector and key private entities, we maintained steady demand for our services, showcasing our resilience and adaptability. Our goal is to become Northern Europe’s premier IT and communications firm within five years.

In 2022, Consid’s turnover reached SEK 2.2 billion, a 42% increase, with a profit of SEK 244 million. Recognized as “Sweden’s Best Employer” and a “Career Company,” we’re celebrated for our exceptional workplace and commitment to career development. Consid expanded its workforce by 525, reaching nearly 1,400 employees and extending its presence across Denmark, Germany, and Sweden, including significant strides in the Norwegian market through a pivotal contract with Oslo Kommune.

Our strategic expansion, innovative business structures, and “Centers of Excellence” underscore our commitment to inclusivity, knowledge sharing, and collaboration. Importantly, our sustainability efforts are integral, focusing on addressing climate change, supporting conflict zones, and advancing gender equality, highlighted by initiatives like Q by Consid to increase diversity in tech. Our response to the Ukraine crisis through job offers, fundraising, and partnerships reflects our dedication to global humanitarian efforts.

Consid has actively engaged in Sweden’s digital transformation conversation and supported the e-sports industry, while our Trainee Program continues to nurture future tech leaders. This year’s achievements, marked by our vibrant culture and growth, are a testament to the dedication of our employees and customers.

Peter Hellgren

2.

We are delighted to announce that Consid has been awarded Sweden’s Best Employer in all categories for the second consecutive year. This remarkable achievement is a testament to the dedication and hard work of our exceptional team at Consid. We are particularly proud to have received this recognition based on the feedback of our own employees, which validates our unwavering commitment to fostering a positive workplace culture

4.

Our recent expansion into Denmark has been a fascinating new venture for Consid. We have successfully entered the Danish IT market with a focus on creating value and solutions for a better tomorrow. We have already started collaborations with customers and partners in Copenhagen, and our goal is to surpass 30 team members in Denmark by the end of 2023.

Key Figures

Management Report

In 2022, Consid experienced significant growth despite challenging economic conditions. Europe faced a gasshortage, leading to soaring energy prices and a CPIF inflation close to 10 percent. In response, the central bank raised interest rates to curb inflation. Nevertheless, Consid’s demand remained resilient due to a balanced clientele and steady growth over the years. In 2022, Consid achieved remarkable success and growth, becoming one of Scandinavia’s fastest-growing IT companies. Revenue reached 2,178,661 SEK, a growth of 41.8 percent from the previous year, and profit after financial items increased by 39.6 percent, totaling 243,644 SEK.

Consid earned the prestigious title of ”Career Company” for the eighth consecutive year, showcasing its commitment to personal development and innovation. The company also showed its dedication to social responsibility by offering support to Ukrainian developers amid geopolitical turmoil and donating to partner organizations aiding the crisis in Ukraine. Throughout the year, Consid actively promoted work-life balance and family connections, engaging children in programming during the ”Bring Your Child to Work Day” event.

The company also demonstrated commitment to the field of e-sports through partnerships and organizing the inaugural Swedish Championship in e-sports for companies. Consid’s culture of continuous learning and growth was evident in its successful trainee program, which was ranked as the second most attractive in Sweden by students. The company remains a leading expert in digital transformation, communication, and development, dedicated to helping clients achieve their visions through sustainable digitization efforts. Looking forward to 2023, Consid aims to create even greater digital solutions and contribute to a brighter future.

Peter Hellgren, CEO of Consid