3 Step IT increased its turnover by 30 percent to EUR 392 million

— Profitable growth and internationalisation unaffected by recession

The service company 3 Step IT, specialised in managing the acquisition, use, and replacement of IT equipment, continues its strong growth despite global economic turbulence. According to preliminary unaudited figures group’s turnover grew by 30 percent to EUR 392 million (2010: EUR 302 million) during 2011. Profitability also improved as the operating margin grew to EUR 10.6 million (2010: EUR 10.2 million). Last year, 3 Step IT expanded into Asia where it opened three new subsidiaries.

For 3 Step IT, the financial year 2011 was a year of internationalisation and, once again, profitable growth. The company opened three new subsidiaries in Hong Kong, Malaysia, and Singapore. Asia is 3 Step IT’s third continent to be conquered, in addition to Europe and North America. The company now has operations in 14 countries.

“3 Step IT’s growth figures are immense, even though we have invested in launching business operations in Asia,” says CEO Artti Aurasmaa of the 3 Step IT Group. “Despite the enormous uncertainty in the global economy, we increased our turnover by almost EUR 100 million. Most of this has come from our foreign subsidiaries, in which I see a good growth path. In the previous year, we expanded into North America where business operations have progressed according to our expectations, to say the least. Our national offices always employ local workforces and operate in an entrepreneurial spirit. In a way, we are spreading the Finnish model of determined enterprise around the world.”

3 Step IT is reforming the way in which companies acquire IT equipment. Its three-part service consists of the financing, asset management, and replacement of IT equipment. 3 Step IT has more than 2500 customers worldwide. In 2011, the leading Finnish business magazine Talouselämä ranked 3 Step IT as Finland’s most profitable growth company in the IT industry.

“3 Step IT was established 15 years ago, and this year we will be pushing a turnover of EUR 500 million. Our goal is to break the magic limit of EUR 1 billion in 2015. This success is mostly thanks to our committed employees. We would not be here without their passionate attitude towards building the story of 3 Step IT,” Aurasmaa continues.


Additional information:
3 Step IT, CEO Artti Aurasmaa, tel. +358 50 543 2222, artti.aurasmaa(at)3stepit.com
3 Step IT, Communications, Johanna Kolehmainen, tel. +358 50 401 1682, johanna.kolehmainen(at)3stepit.com

3 Step IT
3 Step IT is an IT services company offering customers a new way to acquire IT equipment. Our comprehensive service offering helps customers to manage financing, use and replacement of IT equipment in a transparent, cost-effective and sustainable way. We are an international growth company with revenue of 392 million Euros in 2011. We have offices in 14 countries worldwide and we employ 220 people. Our headquarters is located in Finland. More about us: www.3stepit.com

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