2023: A Record Year
On Friday, January 19, at our 2024 Kick Off, where all our fantastic employees in The SMT Data Dream Team gathered, we could announce our 2023 results and look ahead to an exciting 2024.
2023 was a year of significant growth. We recorded a 49.5% growth in revenue and a tripled EBITDA. This result, exceeding our plan for the year, was achieved through a significant influx of new customers, including several Blue Chip companies in both Europe and North America. Once again, we have confirmation that our ITBI solution is the undisputed leading solution globally.
‘What our customers achieve is our inspiration’ is our motto, and it’s wonderful to experience that our customers in 2023 repeatedly expressed the value of collaborating with SMT Data, which greatly inspires us. A huge thank you to all our loyal and happy customers.
Throughout 2023, not only did we have the sales engine running, but our development department listened to the needs and demands the market was seeking. This includes new requirements in Capacity, Performance, and Cost Allocation, as well as areas such as cybersecurity, AI, and other emerging needs. This has allowed us to release new versions of our solution in 2023, with more to come in 2024.
In 2024, our investments to support our growth ambitions will be significantly strengthened, both through new hires and by reinforcing our sales and marketing engine. Many new initiatives will be launched, with a focus on markets such as North America and DACH. We will participate in several international conferences, presenting our ITBI solution. Already on February 6-7, we will participate in the Computer Measurement Group conference in Atlanta, where our CTO Steven Thomas will present. During the conference, a North American Top-10 bank will also share the reasons for choosing the ITBI solution from SMT Data over all our competitors. An important message to the market. And in March, we are represented at the Share conference in Orlando, USA, and at the GSE DACH Conference in Dresden, Germany.
The 2024 plan we presented at our Kick Off is a plan where the growth engine will spin at an even higher pace. We enter 2024 with a record-sized pipeline signalling ‘busy times ahead.’
A huge thank you to our customers, our partners, and last but not least, all our wonderful colleagues who make our ambitious growth journey possible while delivering excellent value to our customers.
It’s delightful to deliver value to even more customers and create joy and satisfaction.
Nils KierkegaardChairman of the Board
Mads Ehlers RasmussenChief Executive Officer (CEO)