The Novian IT infrastructure and application companies team experienced aggregated income of EUR 9.9 million in the first fifty percent of this yr, a minimize of 6.3% as opposed to the identical period of time previous year. The group’s aggregated EBITDA was EUR .6 million and fell 21%. The Novian group’s operating gain for the 6-month period was EUR .32 million and decreased 23.5% compared to the first fifty percent of 2020, when it was EUR .41 million.
“This 12 months Novian is distinguishing by itself with ambitious assignments in the technologies and software package providers small business regions ranging from the set up and routine maintenance of hyperconverged IT infrastructure platforms at Lithuanian Railways’ key engineering unit to the creation of a contemporary info process for public procurement. We welcome these kinds of multifaceted issues that make us expand a lot quicker much too, due to the fact applying complex initiatives with fashionable and effective remedies is component of what Novian is all about,” suggests Evaldas Rėkus, the CEO of Novian.
He notes that the outcomes for the 1st 50 % of the 12 months ended up impacted by uneven market place demand and fluctuations in the benefit of the US dollar, and that presently the group’s providers have returned to their normal rhythm. “Financial general performance was also influenced by operate to raise the share of extensive-term managed solutions agreements, which give consumers stability and clarity about IT company charges for a number of several years in progress. While at this phase for us that implies bigger investments to advertise people companies and a shifting of some earnings to potential intervals, obtaining contracts for various several years will guarantee secure profits of that type,” Evaldas Rėkus claims. The corporate sector’s share of profits has grown from 33% in 2019 to 44% in the to start with half of this 12 months and the money sector’s has risen from 17% to 23%, whilst the share of profits from the community sector has shrunk from 44% to 28%.
“At the commence of the yr we ongoing to refine the group’s functioning areas with a aim on built-in providers and gave a great deal of consideration to the joint functions of the merged companies Novian Systems and Acena,” the CEO suggests. Considering the market’s demands for digitalization, he claims, the Novian group delivers appropriate program, business enterprise analytics and approach automation answers as nicely as critical IT infrastructure managed providers, and is implementing digitalization jobs of diverse scale.
Novian is special in the location in its potential to carry out massive-scale digitization initiatives and adapt digitized content for further more use. Now Novian Technologies, together with the other Novian group companies Andmevara Services OU and Zissor, is employing tasks to digitize documents and add them to relevant systems in Lithuania, Estonia and Moldova. The geography of the group’s routines in the very first 50 % of the yr included about 30 countries. As in the very first 50 percent of last yr, the share of earnings attained aboard was 32%.
Novian Technologies finished essential jobs in Lithuania and Kyrgyzstan
Novian Systems, the most important Novian enterprise working in the technologies location, experienced revenue of EUR 7.2 million in the 1st 50 % of 2021, or 8.5% fewer than in the similar period very last 12 months. The company’s working earnings was unchanged at EUR .48 million. Also working in the group’s technologies area are Andmevara Products and services OU of Estonia and Andmevara SRL of Moldova.
“The 1st 50 % of this 12 months is notable for the variety of big projects concluded and new kinds started. A person of the most appealing is at Lithuanian Railways, the place we will enhance and manage particularly significant hyperconverged IT infrastructure. We also see a developing will need on the market place for digitization expert services and several businesses that are eager to prolong the life span of personal computer components. We are constructing sizeable worldwide partnerships. And we have resumed journey and get the job done for customers in Africa and other international nations around the world – enterprise procedures are gradually returning to their before, pre-pandemic study course,” Novian Technologies CEO Gytis Umantas claims.
Worthy of noting amongst this year’s most crucial jobs are the completed set up of a superior-overall performance computing cluster at Vilnius University’s College of Mathematics and Informatics, the concluded to start with section of a GovCloud installation project, and modernization of the Kyrgyz postal technique. Collectively with Andmevara Companies OU and Zissor, digitization of paperwork is underway at Vilniaus Vandenys and Vilniaus Šilumos Tinklai. Function to digitize tens of tens of millions of pages for the Countrywide Archives of Estonia and the Cadastral Archive of Moldova is also ongoing.
Novian’s systems region organizations have gained the major portion of their revenue this year from the company sector, at 50%, which is up from 36% in 2019. The share of their revenue from the economic sector has risen to 25% from 20%, while the general public sector’s share of earnings has fallen to 21% from 39%.
Lithuania accounted for 69% of revenue in this company spot, though in the 1st 50 percent of 2020 the level was 70%. Assignments have been carried out in 32 nations this calendar year. The technologies organizations are focusing seriously on essential IT infrastructure, cloud computing, modern day electronic workspaces, and other technological options.
Novian Units to modernize the central public procurement details process
Novian Devices, Novian’s key company in the software package companies place, had income of EUR 1.5 million in the initial fifty percent of this calendar year, or 3.6% fewer than in the exact period previous yr. Its functioning reduction for the time period, at EUR 70,000, was up from EUR 19,000 in the 1st 50 % of 2020 (next the merger of Novian Units and Acena at the conclusion of 2020, operating effects mirror their aggregated figures.). Andmevara AS of Estonia also operates in the Novian group’s application providers space.
“We are pleased to be contributing to tasks of this sort of worth to Lithuania as the creation of the modern public procurement data process Saulė, for which we will use the most recent answers. We are also looking at increased need for rapidly developed alternatives primarily based on cutting-edge systems,” claims Paulius Vaitkevičius, the Head of Small business Advancement at Novian Units. He notes that the group’s providers in this space also offer data analytics, robotics, and artificial intelligence remedies.
The Novian companies doing the job in the programming space have performed tasks in 8 nations around the world this 12 months. Of their income, 76% was acquired in Lithuania, up from 72% in the very first half of very last 12 months. While the public sector was the source of most profits once more this 12 months, considering the fact that 2019 its income share has fallen from 64% to 56%. The corporate sector’s share of earnings is small adjusted at 24%, while the economical sector’s share has grown from 4% to 16% and the academic sector’s share has diminished from 6% to 2%.
Tasks of exclusive observe in the reporting period contain progress of the ESKIS Taxpayer Digital Education and learning, Consulting and Info Support as effectively as the implementation of automation options for a municipal squander selection program at Visagino Būstas and for dealing with milk collection waybills at the Pienas LT agricultural cooperative.
Zissor ongoing the digitization of publications
The Norwegian organization Zissor, a supplier of media checking computer software and digitization products and services, experienced earnings of EUR 484,000 in the 1st half of the calendar year (65.2% far more than in the first fifty percent of 2020), while its operating income was EUR 102,000, or 7.8 instances the volume in the exact same interval last calendar year. The corporation attained the greatest part of its earnings, 44%, in the United kingdom, with 18% in Sweden and 13% in Norway, and also conducted initiatives in Germany and elsewhere.
Noteworthy among Zissor’s tasks is the digitization of the archives of the Norwegian newspaper Vesterålen, in which Zissor digitized the newspaper’s total archive of 200,000 internet pages for the a long time 1921-2010. On top of that, in collaboration with Visiolink, get the job done is underway to digitize German newspapers – the task involves changing PDF web pages to content articles and photos and creating XML codes. Zissor is also digitizing the Danish newspaper Ingeniøren.
The Novian group’s businesses run in the Baltic countries, Norway and Moldova. The Novian team of organizations is owned by INVL Engineering, a organization that invests in IT firms.
The individual approved to offer more info:
INVL Technological innovation Handling Associate
E-mail [email protected]