In 2022, NRD Companies concentrated its efforts on offering consulting services and implementing digital solutions in the Caribbean, Central American and African regions while seeing an uptick in its global brand recognition
May 9th, 2023. NRD Companies, a global IT and consulting group of companies, specializing in governance and economic digital infrastructure development, and the provisioning of subject matter consultancy services, has recently released its 2022 annual report. The company’s revenue in 2022 of €8.079 million was up 27% from the previous year. EBITDA decreased to €211 thousand compared to €297 thousand in 2021 and operating loss amounted to €23 thousand.
Revenue increased in 2022 as a result of the company’s vastly improved performance in several strategic directions: E-registers, E-services and finance, implementation of digital solutions, and the provision of consulting services. It is noteworthy that market conditions gradually improved in 2022 following a challenging pandemic-related 2021.
Commenting on the EBITDA decrease, Mindaugas Glodas referred to the 14% increase in payroll cost. In addition, an increase in subcontracting costs also played a relatively significant role.
The company was also included in Forrester’s “The Digital Banking Engagement Platforms Landscape,” further solidifying its position as a leader in the industry, while gaining global attention from major media outlets such as Bloomberg, The Wall street Journal, The Paypers, and others.
NRD Companies Financial Results 2022Download
About NRD Companies
NRD Companies is a global IT and consulting group of companies, specializing in governance and economic digital infrastructure development. Headquartered in Norway, the group unites companies operating in Fintech, GovTech, and practice-based consulting areas in aiding countries to reach UN sustainable development goals. NRD companies have a successful track record of implementing projects, such as e-service delivery platforms, national post digitalization, tax administration platforms, and other digital solutions, in all 5 continents. The Group is a recognized leader in the industry and is controlled by the INVL Technology UTIB. NRD Companies is a parent company for the following subsidiary corporations: Norway Registers Development AS, NRD Systems, ETRONIKA, Infobank Uganda, NRD Bangladesh.
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