Proven track record of double-digit growth in both revenue and earnings for the past 8 years.
Our equity story
Wirtek is an international IT outsourcing company that helps our clients bring their software-based
services and electronic equipment successfully to market.
The global IT outsourcing market is predicted to grow 7,7% annually and reach a value of USD 938 billion by 2027.
Revenue from clients outside Wirtek's home market Denmark is expanding rapidly and we will, as part of our Accelerate25 strategy, pursue international growth even more during the coming years with special focus on the North-Western European market.
Our core services
We create value for our clients in two main areas:
- Helping them engineer software solutions end-to-end.
- Providing services on existing electronic equipment from embedded and integration software development to quality assurance of the final product.
We excel in areas such as digital transformation, cloud computing, Software as a Service Solutions (SaaS) and cybersecurity.
Our business model
People is at the core of our business model. We have created an organisation of quality-minded solution finders, and we continuously invest heavily in building a best-in-class working environment to attract and retain great talent.
Our technical staff is highly skilled, with 98% having at least a bachelor’s degree.
Wirtek's client base is very broad, ranging from small IT startup companies to very large international companies.
One common denominator for our client base is that they get top-notch technical solutions and a committed team that works with them as if it were their own.
We establish valuable long-term partnerships with our clients, and several of them have been with us for more than 10 years.
As part of Wirtek’s Accelerate25 strategy, we will boost our profitable growth with a combination of double-digit organic growth and acquisitions.
The target is an average annual revenue growth of 30% during 2021 – 2025.
Our ability to create positive cash flow from operations allows Wirtek to both invest in future growth as well as pay dividend to our shareholders.
An investment in Wirtek is an investment in profitable growth.
Our track record
We have a proven track record of double-digit profitable growth based on a very strong foundation of recurring revenue from our loyal clients.
Wirtek operates in a huge, growing international market for outsourcing of IT services, and for the past 10 years Wirtek’s growth has been significantly above market growth.
Wirtek stays competitive and we grow EBITDA faster than revenue due to our continuous focus on operational efficiency.
Our Accelerate25 strategy
Accelerated profitable growth of average 30% annually
Soundly based on Wirtek's strategic foundation of profitable growth, our financial and operational goals by fiscal year 2025 are:
annual revenue by FY 2025
pre-tax earnings by FY 2025
EBITDA margin each year
1 sourcing location
outside Romania by 2025
employee retention rate from 2023
Outlook for this year
After a successful acquisition during H1 2021, Wirtek has increasing expectations twice this year. This table shows the development in expectations for 2021.
Development in 2021 expectations
Doing business for 20 years
Wirtek's story starts 20 years ago, when our CEO Michael Aaen founded the company as a spin-off from Nokia. Since then, Wirtek has been constantly growing, building upon our Danish heritage and mission to contribute to our clients’ growth through transparent and trust-based partnerships.