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Founded Year

2000

Stage

IPO | IPO

Date of IPO

9/16/2020

Market Cap

0.21B

Stock Price

16.47

About Exsitec

Exsitec specializes in business systems and digitalization within various sectors, providing system support and integration services. The company offers a range of services including business system support, invoice management, CRM, decision support, and e-commerce solutions, aimed at optimizing clients' daily operations. Exsitec primarily serves sectors such as construction, service and installation, public sector, wholesale, retail, architecture, manufacturing, and real estate. It was founded in 2000 and is based in Linkoping, Sweden.

Headquarters Location

Snickaregatan 40

Linkoping, 582 26,

Sweden

010-333 33 09

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Latest Exsitec News

High growth and good margins for consulting firms in Sweden and Finland

Mar 17, 2023

Cinode AB Fri, Mar 17, 2023 10:32 CET Most consulting firms see continued strong demand in the industry. Growth remains high, margins are good, and companies continue to increase their staff. This is shown by Cinode's new compilation of the financial statements for the listed consulting firms in Sweden and Finland. "When we sum up 2022, we see a record growth for the listed consulting firms. The average growth during the year was 18.7 percent, which was slightly higher than the record year of 2021 when the corresponding figure for these companies was 15.7 percent. Addnode, Gofore, Exsitec, and Knowit grew the most during the year. All of them have acquired several companies, including Knowit's purchase of Cybercom," says Mattias Loxi, co-founder of Cinode, the leading SaaS platform for consulting firms. During the last quarter, however, the average growth began to decline somewhat (17 percent) and is far from last year's record figure of 25 percent. Nevertheless, companies still see continued strong demand in several areas. But some industries, including real estate and e-commerce, are struggling, and major clients such as H&M and Ericsson are reducing the number of consultants. "The operating margin was almost unchanged from last year at 7.6 (7.6) percent. Exsitec, B3 Consulting, and Prevas stand out as the most profitable. B3 Consulting has improved its margins the most." Looking at the full year, 22 out of 25 consulting firms have increased their number of employees. Gofore, Addnode, Exsitec, B3 Consulting, and Wise have all increased by over 20 percent. Hifab and Tietoevry have reduced their staff the most. "Consulting firms are still showing a strong pace of recruitment and acquisitions during the fourth quarter, which is a clear indicator of continued confidence in the future," says Mattias Loxi.

Aug 28, 2020
August 28, 2020

Exsitec Frequently Asked Questions (FAQ)

  • When was Exsitec founded?

    Exsitec was founded in 2000.

  • Where is Exsitec's headquarters?

    Exsitec's headquarters is located at Snickaregatan 40, Linkoping.

  • What is Exsitec's latest funding round?

    Exsitec's latest funding round is IPO.

  • Who are the investors of Exsitec?

    Investors of Exsitec include Standout Capital.

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