Nitor’s revenue grew by 49% in 2017
Mar 29, 2018, 11:05 AM
Helsinki and Stockholm-based Nitor’s operations continued to expand in 2017. The company’s revenue grew by 49% in the 2017 accounting period to 21.1 million euros. Earnings (EBIT) grew by 58% to 4.35 million euros. The increased willingness to invest in digital development and the strategic partnerships with key customers played a major role in Nitor's growth. The successful year was capped off in style when Nitor recently took first place in Finland’s best workplace study.
In fall 2017, Nitor opened an office in Stockholm, Sweden. In addition to going international, Nitor’s expansion was also strengthened by closer and more diversified cooperation with current clients.
“Nordic companies are continuously investing in digital business. This development created growth for us all throughout 2017. We are grateful we got to celebrate our 10th anniversary in style: while our business grew at a fast pace and we acquired new markets, we were also chosen as Finland’s best workplace,” explains Nitor’s CEO Matti Vilmi.
During the past few years, Nitor has developed its services and specifically strengthened its operations in areas of digital design, mobile development, and Lean-Agile training. Last year, Nitor also gained new business in data science and machine learning. At the moment, Nitor employs 160 people. With new exciting cases in the works, more talent will be recruited in 2018.
With the expansion of its operations, Nitor is putting even more emphasis on investing in working culture. Last year, Nitor was chosen as Europe’s fourth best workplace, and came in first place as Finland’s best workplace in early 2018.
“We are now more diverse than ever. Even as we keep growing in every way, we insist on keeping an experimental culture and self-directiveness at the core of our operations. When work is meaningful, people keep learning and developing, and the company succeeds,” Nitor’s Chief Operating Officer Olli Auvinen explains.
Matti Vilmi, Nitor
Tel: +358 45 120 4747
Olli Auvinen, Nitor
Tel: +358 40 509 6248