April 13, 2024


Think Differently

Novian enlarged its technological and company area abilities and working geography

INVL Technologies

The Novian program providers and IT infrastructure group experienced aggregated income of EUR 25.8 million in 2021, or 7.1% far more than in 2020. The group’s EBITDA was EUR 1.7 million and in comparison to 2020 contracted 3.5%, while its functioning earnings was EUR .81 million and decreased 18.3%.

“Last 12 months was a yr of progress for the Novian group in conditions of the two geography and experience, thanks not only to the elaborate assignments carried out but also to the acquisition of the Elsis Pro software package providers firm. We gave a good deal of focus to activities in Estonia and Norway, and a modern day digitization centre which is established to start in the in the vicinity of future will further more consolidate the group’s positions in Estonia,” Novian CEO Evaldas Rėkus mentioned.

He said developments of the final couple of many years – the pandemic and the war in Ukraine have also driven alterations in the IT industry – include things like escalating details empowerment and rapid digitalization and approach automation, whilst military operations have bolstered the will need to guarantee IT continuity.

“Amid these modifications, we have saved our sights on our personal aims too. We have strengthened our existence in the company sector, centered on extended-expression contracts and carried out technologically advanced jobs,” the CEO said. The economic effects, he noted, ended up influenced by heightened need for IT professionals and wage-related expenditures.

Examining the 2021 effects, Novian companies ongoing to get about 70% of income from the Lithuanian marketplace, whilst Elsis Pro tasks in European Union nations around the world broadened the earnings geography. Entirely the group’s companies done jobs in 34 international locations, in comparison to 31 countries in 2020.

The Novian group’s earnings share from the company sector improved sharply in 2021, accounting for just about half of full income (in 2020 it was 34%), whilst the general public sector accounted for a third of earnings and the economical sector just beneath 20%.

Novian Technologies is fortifying digitization expert services

The Novian businesses in the know-how region had EUR 17.5 million of profits, or 7.3% a lot less than the prior year. The companies’ operating financial gain fell 8.3% to EUR 1 million. The group firms running in the technologies spot are Novian Technologies in Lithuania, Andmevara Products and services in Estonia and Andmevara SRL in Moldova.

“We are operating with emphasis not just in Lithuania but also in precedence markets. In Norway in modern years we have introduced IT infrastructure providers and a modern-day digitization centre will commence functioning in Estonia in the close to upcoming,” reported Gytis Umantas, who heads both of those Novian Technologies and Andmevara Expert services.

Through the job of digitization centre Novian will further more improve its opportunity to carry out complicated, significant-scale digitization jobs, adapting digitized materials for more use. “It’s manufactured doable by software we have formulated along with the group’s encounter with enormous document digitization initiatives at the Nationwide Archives of Estonia, Moldova’s cadastre and other archives,” Gytis Umantas reported.

For Novian’s engineering corporations, 2021 brought critical initiatives. Higher-performance computing (HPC) undertaking was finished at Vilnius College, as very well as a job at Kyrgyz Submit. A undertaking for essential IT infrastructure architecture style, gear source, installation and routine maintenance was done at Lithuanian Railways, and a job at the Financial institution of Lithuania associated the deployment, servicing and enhancement of an OpenShift platform.

Novian’s technological know-how companies in 2021 attained their largest share of revenue in the corporate sector, at 48%. One more 26% of income was from the community sector and 23% was from the money sector. When compared to 2020, the company sector profits share grew the most it was up from 37%. In 2021, Novian’s technological innovation firms acquired 77% of revenue in Lithuania and one more 5% just about every in Estonia and Rwanda. They executed initiatives in 33 nations around the world.

Software program services corporations enlarged their know-how

The Novian software package services corporations Novian Systems, Elsis Pro and Andmevara had EUR 7.4 million of earnings in 2021, while in 2020 earnings in this business place was EUR 4.5 million. These companies’ functioning income in 2021 was EUR .09 million, which is almost 4 instances far more than in 2020.

“Adding Elsis Professional to Novian’s software package companies organizations enlarged the group’s experience in aviation, area, transportation and electricity – technologically speaking, in the location of synthetic intelligence, and geographically, in the European Union. This established of providers strengthens Novian’s software improvement abilities, permits us to develop not just by creating applied data devices and providing fast method automation remedies, but also by combining modern-day technological choices,” said Evaldas Rėkus, who is the CEO of Novian Systems and a member of the board of Elsis Pro.

Highlights amid the jobs that Novian’s computer software products and services corporations done in 2021 consist of up grade of the ITIS_EU info process for trade of VAT data between European Union (EU) nations around the world, deployment of updates for a high-quality manage at Stansefabrikken, enhancement of Microsoft Ability BI stories for the Baltic manufacturer enhancement corporation Vilandra, modernization of the EU Structural Money Management and Checking Info Process (SFMIS), and enhancement of the Built-in Airspace Transportation (Flight) Examination and Administration Method (IOETAVS).

The Novian companies functioning in software program companies acquired 60% of their income in Lithuania in 2021, 22% in Austria, and 7% in Estonia. The major share of revenue, 47%, was from the community sector, with 43% from the company sector and 8% from the economical sector. In 2020, by comparison, the corporate sector accounted for just 24% of complete revenue, while the community sector accounted for 60%.

Zissor digitized Nordic publications

The Norwegian enterprise Zissor, a company of media checking application and digitization providers, experienced earnings of EUR 886 000 in 2021, 24.6% extra than in 2020. Zissor’s working profit was EUR 103 000 and was 17% much more than as in 2020.

As in 2020, the business attained its largest share of profits in the Uk, at 35% (compared to 58% in 2020). Meanwhile, 21% of profits was acquired in Sweden (vs . 20% in 2020), 11% each individual in Finland and Norway, and 8% in Lithuania.

Noteworthy amid Zissor’s assignments in 2021 have been the digitization of the archive of the Norwegian newspaper Bladet Vesterålen, digitalization of the Danish newspaper Ingeniøren, and PDF-to-XML conversion of the Norwegian journal Agenda 3:16. Digitization of the Hordaland Folkeblad newspaper and the Norwegian newspaper Lister was also carried out.

The Novian group operates in 3 company places. Operating in the technologies region are Novian Systems in Lithuania as well as Andmevara Services OU of Estonia and Andmevara SRL of Moldova. Performing in the software program solutions area are Novian Programs and Elsis Pro in Lithuania and Andmevara AS in Estonia. Doing the job in the media monitoring and digitization spot is the Norwegian firm Zissor.

Novian’s group benefits are calculated on the foundation of audited outcomes for 2021 for Novian Systems, Novian Techniques, Elsis Pro and Zissor, and unaudited final results for the group’s other businesses. The outcomes of Elsis Pro for the total yr 2021 are incorporated in the economical statements. The Novian team of firms is owned by INVL Technology, a enterprise that invests in IT corporations.

The human being approved to provide more information and facts:
INVL Technologies Controlling Spouse
Kazimieras Tonkūnas
E-mail  [email protected]