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The annual report 2024 for Danoffice IT has now been released. A report which looks back at a year with historic investments in our future. In 2024 we took important steps towards creating the foundation for streamlining our global operations.
An eventful year, a challenging year – but an important year. In 2024 we had our future in focus. All investments were made to serve our most important goal: To strengthen Danoffice IT’s position as leading, global IT-infrastructure powerhouse.
Businessmann A/S becomes a part of Danoffice IT
A central element in our 2024 investments was the acquisition of the specialized consulting firm, Businessmann A/S. This was made as a part of our strategic focus on broadening our offerings and strengthening our technical competencies – and also, to strengthen our position in the pharmaceutical sector. “This investment creates a greater variety in our services and adds specialized knowledge and expertise to Danoffice IT, which already now is being offered to our clients globally. Especially with AI and our services in general, we have gotten a great start for our new organization”, says CEO in Danoffice IT, Lars Baun.
Strong presence in Asia
Another important investment in 2024 was a further development of our presence on the Asian market, says Lars Baun: “In 2023 we strengthened our position on the Asian market with new hubs in India and China. These strategic expansions point towards the future, and by further developing a strong presence in these regions in 2024, Danoffice IT stands strong in creating growth on the Asian market”.
Developing the future Danoffice IT
In 2024, significant investments were made in developing the platform from which Danoffice IT will operate in the future. With consolidation of our operations systems, including integration between e-commerce systems and a new, central ERP-system. “With these heavy investments we are looking at a significant technological progress which will create the foundation for our work on streamlining our operations – a process, which massively will improve our efficiency”, says Lars Baun.
Launching a Global IT Asset Disposition Service
With a link to our sustainability strategy, we invested in 2024 in the launch of our global ITAD service. Here, clients all over the world can let their used IT-equipment reuse or recycle safely through our platform. According to Lars Baun, an effort made to contribute to develop a more sustainable IT-industry: “With this service we radically minimize the need for cross-border transportation of equipment. Through strong alliances with local partners, we are now offering this unique solution in 138 countries”.
A challenging year for hardware – and us
2024 was a challenging year, which was affected by a fluctuating global hardware market with great instability, leading to a decrease in low margin projects. This especially challenged our activities on the South American market. The consequence of this, in conjunction with our investments, resulted in a revenue decrease at 28,9% compared to 2023. From DKK 3,349 million in 2023 to 2,382 million in 2024.
A strong end to 2024
It is, however, a very optimistic CEO in Danoffice IT who with this report now can look ahead. “We ended 2024 with a really impressive final sprint. Our activity level increased significantly, resulting in a revenue increase of 12,7 % for Q4 compared to Q4 2023. Furthermore, our orderbook at the end of the year was 12 % higher than at the end of 2023. Adding to that, our equity ratio reached 36,8 % - the best in years. This creates a strong foundation for 2025, and we are now experiencing a year with great progress in our overall operations. We are looking forward to entering an exciting next chapter for us”, concludes CEO in Danoffice IT, Lars Baun.
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About Danoffice ITDanoffice IT is a supplier of IT infrastructure to organizations both in the public and private sector, in Denmark and abroad, and we are a leading supplier of IT to IGOs and NGOs. -
How we DO ITDanoffice IT in short is DO IT. That is exactly what we do. We provide the IT infrastructure, solutions, and services upon which that your business and end-users rely.
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Our responsibilityIn our book, responsibility is the term for our efforts to contribute to the sustainable adaptation, as well as social and managerial responsibility, including decency and security.
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Company InformationDanoffice IT is owned by Agilitas Private Equity LLP. Since 2019, we have acquired several companies and created branches in several countries.
