News from INVL Technology managed companies: Novian’s revenue grew 28% in 2022 to EUR 33 million
05 Junio 2023 - 1:00AM
News from INVL Technology managed companies: Novian’s revenue grew
28% in 2022 to EUR 33 million
The Novian software and IT infrastructure
services group had aggregated revenue of EUR 33 million in 2022,
which is 27.9% more than the previous year. The group’s EBITDA for
the year was EUR 1.5 million and compared to 2021 contracted 11.8%.
There was an operating profit of EUR 0.5 million, which is 39.9%
less than the year before.
Last year the Novian group’s companies earned
EUR 25 million of their revenue, or 76%, in Lithuania; the amount
is 39.4% more than in 2021. Revenue earned abroad was EUR 7.9
million, or 1.4% more than a year earlier. The companies had
activities in a total of 36 countries in 2022.
Revenues in strategic areas
grew
“We aim to strengthen our competitive position,
with particular focus on Novian’s strategic areas like software
development, digitization, and high-performance and cloud computing
platforms. We were active in all these areas last year and are
pleased to see revenue growth in all of them,” Novian CEO Evaldas
Rėkus said.
Comparing the performance of the group’s
companies in 2022 to 2021, revenue from software development
increased 15% and reached EUR 8.2 million, and that from
digitization rose 27% to EUR 1.5 million, while revenue from high
performance computing (HPC) and cloud computing platforms was up
3.5% and reached EUR 1.3 million. Revenue from recurring services
remained at a similar level and was EUR 5 million.
From modernizing national systems in
Lithuania to HPC in Africa
“As regards software development, we feel the
need for public sector digitalization in Lithuania. We’re
contributing to the modernization of national information systems –
we work with tax systems, registries, and other areas," Rėkus said.
He added that Novian is also focusing on innovation. It is further
developing its nanosatellite-constellation data-exchange platform
for the space industry and taking part in the creation of a
National Information Impact Identification and Analysis
Ecosystem.
IT maintenance was an important part of
recurring services, while digital transformation projects were also
in focus. “Digital transformation consulting projects are playing
an increasingly important role in our business. Since last year
we’ve been providing the Bank of Lithuania with services for the
transformation of applications to microservice-based architecture,
and we upgraded infrastructure at the Central Bank of Rwanda," said
Gytis Umantas, the head of Novian Technologies and Novian
Eesti.
Novian gave special attention to archive
digitization last year. “To meet market demand for digitalizing the
archives of companies, libraries and publications, we opened a new
Novian Digitization Centre in Estonia,” Umantas said. The group
company Zissor also unveiled major upgrades to its media monitoring
system in 2023. They include the ability to extract texts from PDFs
and automatic categorization of articles using artificial
intelligence. The ability to digitize books was added to Zissor's
archive digitization software.
In the area of high-performance and cloud
computing platforms, one of the biggest projects of 2022 was the
deployment of HPC clusters in African countries for forecasting
climate change and weather. Following that project, which was
carried out by Novian Technologies, the 16 countries of the
Southern African Development Community (SADC) will be able to
produce faster and more accurate weather forecasts and better
prepare for the challenges of climate change.
About the Novian group
As of the end of 2022, the Novian group
consisted of Novian Technologies in Lithuania, Novian Eesti of
Estonia and Andmevara SRL of Moldova, the software services
companies Novian Systems and Elsis PRO in Lithuania and Andmevara
AS in Estonia, and the Norwegian company Zissor. The Novian group’s
2022 results are based on the audited results of Novian
Technologies, Novian Systems, Elsis PRO and Zissor, and the
unaudited results of the group’s other companies.
In April 2023, Rwanda-based Norway Registers
Development Rwanda Ltd became a part of the Novian group.
The Novian group is owned by INVL Technology, a
company that invests in IT businesses.
The person authorized to provide additional
information:INVL Technology Managing PartnerKazimieras
TonkūnasE-mail k.tonkunas@invltechnology.lt
Invl Technology Ab (LSE:0R60)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Invl Technology Ab (LSE:0R60)
Gráfica de Acción Histórica
De May 2023 a May 2024