Solid growth across all markets and a significant increase in profits and revenues in 2017

  • Revenues increased by 60% from SEK 1.747m in 2016 to SEK 2.804m in 2017  
  • EBITDA, increased by 59% from SEK 162m in 2016 to SEK 258m in 2017  

“2017 was a year of significant progress. In Sweden, our largest market, we continued to grow and increase profitability. We managed to grow in Iceland while also improving margins and increasing our market share. In Norway, we shifted our focus towards Microsoft 365, increased our sales and turned red figures to black. In a quickly transforming IT landscape, our customer approach gives Advania a competitive edge. We're eager to develop even further in the coming years” comments Gestur Gestsson, CEO.

Advania’s 2017 Annual Report is available in English and Swedish at www.advania.com/about#annualreport.

For more information please contact:

Gestur Gestsson, CEO
Mail gestur.gestsson@advania.com Phone +354 440 9000

Ola Maalsnes, CFO
Mail ola.malsnees@advania.com Phone +46 (0)8 546 70 000

Tomas Wanselius, CEO, Advania Sweden
Mail tomas.wanselius@advania.se Phone +46 (0) 70 454 35 24

About Advania
Advania is serving thousands of corporate clients in the Nordic region. We offer a wide range of IT services, platforms, cloud solutions and support to private- and public companies. Our mission is to help our clients to improve their business by simplifying their IT infrastructure, enhance functionality and reduce costs. Our customers are our partners.

Our corporate culture is to delegate responsibility and empower front line employees to take decisions that benefit the client. This is a success factor that retains our flexibility despite considerable growth. Advania’s vision is to enable customers to improve their performances with intelligent IT and expertise, through partnershipFor further information, please visit www.advania.se and www.advania.com. #advania


About Us

Advania is a Nordic IT corporation, operating in 27 locations in Sweden, Iceland, Norway, Denmark and Finland. The company focuses on helping customers to improve their performance with innovative use of best available IT platforms and services. Advania serves thousands of corporate customers, multinational enterprises, governments and public institutions, big, small and medium-sized companies in all aspects of society. Advania traces its roots to 1939 when an Icelandic entrepreneur founded an office equipment repair workshop in Reykjavik. In the following decades, three separate branches of IT-companies evolved in three Nordic countries, Iceland, Sweden, and Norway. In 2012 they were braided into one and Advania was formed. For further information, please visit www.advania.se and www.advania.com.