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Digia Plc reported its best third quarter in history for July-September 2024, with net sales increasing by 10.7% to EUR 45.4 million and operating profit (EBITA) growing by 64.3% to EUR 5.6 million. The service and maintenance business made up 51.2% of net sales, while the project business accounted for 48.8%. For January-September 2024, net sales grew by 8.8% to EUR 151.1 million, with international sales making up 11.9%. Key developments included partnerships with the Finnish Immigration Service and a major financial sector player, as well as a project with Kanta-Häme wellbeing services county using Microsoft Cloud for Healthcare. Digia launched Digia Dolphin, an AI service platform, and continued to focus on sustainability and meeting EU reporting standards. The company expects net sales and operating profit to increase in 2024 compared to 2023. Digia plans to publish various financial reports in 2025, with the Annual General Meeting scheduled for March. The company, listed on Nasdaq Helsinki, focuses on combining technology and human capabilities to drive digital evolution.
Digia Plc announced its schedule for financial publications in 2025. The Annual Report will be available on March 6, 2025, and the Annual General Meeting is set for March 27, 2025. For more information, contact Mika Kervinen, General Counsel at Digia Plc. Digia is a global software and service company with over 1,500 employees, focused on combining technology and human capabilities for intelligent business and sustainable future. In 2023, Digia's net sales were EUR 192.1 million. The company is listed on Nasdaq Helsinki.
Digia Plc's half-year financial report for 2024 highlights continued implementation of its long-term growth strategy, with increases in both net sales and operating profit. In the second quarter of 2024, net sales grew by 8.8% to EUR 52.1 million, and operating profit (EBITA) increased by 24.5% to EUR 4.2 million. For the first half of the year, net sales rose by 8.0% to EUR 105.7 million, with an 18.0% increase in operating profit. The company saw organic growth and strong cash flow from operations, with international operations contributing 12.1% of net sales. Despite a cautious market, Digia's various service areas, including Digital Solutions, Business Platforms, and Managed Solutions, experienced growth. Significant contracts were secured, including partnerships in AI, robotics, and automation services. The company also achieved recognition for its expertise from Microsoft and maintained high standards in quality and information security. Digia will start reporting according to the EU Sustainability Reporting Directive and has committed to defining science-based climate targets. Profit guidance for 2024 remains unchanged, with expectations for increased net sales and operating profit compared to 2023. No major events occurred post-reporting period. A briefing and webcast on the results are scheduled for 9 August 2024. Digia operates globally with over 1,500 employees and is listed on Nasdaq Helsinki.
Digia Plc has reported its highest ever net sales and operating profit in Q1 2024, despite a challenging market situation. Net sales grew by 7.2% to €53.6 million, with organic growth of 1.5%. Operating profit increased by 13.2% to €5.5 million. Three of Digia's four service areas saw increased net sales, with strong growth in its automation and AI platform and CRM solutions. The company's automation and AI platform business surpassed the annual sales milestone of €5 million. Digia also reported 25% growth in its CRM solutions during the review period. The company's service and maintenance business accounted for 50.6% of net sales in the review period. Digia's 2024 profit guidance predicts increased net sales and operating profit compared to 2023.
Digia is expanding its Digia Hub community to Sweden, a move aligned with its strategic goal of growing international business. The expansion will provide more resources for client projects of Digia’s Swedish subsidiaries. Founded in 2020, Digia Hub provides job opportunities and development projects for IT freelancers and companies, boasting over 30,000 professionals across Europe. Digia's aim is for international business to account for over 15% of net sales. The company has three subsidiaries in Sweden, including Top of Minds, Climber, and Digia Sweden. Through Digia Hub, freelancers can participate in Digia’s projects in both Finland and Sweden. Members also have access to Digia’s Tribe activities for continuous professional development.