ECIT AS (DE:3CZ) has released an update.
ECIT AS reports solid growth in H1 2024 with an 11.7% increase in Q2 revenue and a 13.8% rise in the first half of the year, despite facing a negative impact from fewer working days and challenging market conditions in certain divisions. The company’s EBITDA for the first half-year reached NOK 256 million, up from NOK 237 million the previous year, with a cost savings program expected to show more benefits throughout the year. ECIT, with a strong foundation in accounting, payroll, and IT services, continues to expand through strategic acquisitions, boasting a revenue of 3.7 billion NOK and over 2,600 employees.
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