HR Prosjekt AS
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HR Prosjekt AS - overview
Established
2005
Location
Oslo, -, Norway
Primary Industry
Business Support Services
About
HR Prosjekt AS is a human resource consulting firm specializing in strategic workforce planning, talent acquisition, and employee development to enhance organizational effectiveness across various sectors. Founded in 2005 and headquartered in Oslo, Norway, HR Prosjekt AS focuses on providing HR consulting services. The company has completed 2 significant deals, with the most recent transaction occurring on January 18, 2021. Jan Kingswick currently serves as the CEO.
HR Prosjekt specializes in providing comprehensive human resource consulting services tailored to meet the diverse needs of businesses across various sectors. Their core offerings include strategic workforce planning, talent acquisition, and employee development programs aimed at enhancing organizational effectiveness. These services address key challenges such as recruitment difficulties, employee retention, and skills development, thereby enabling companies to optimize their human capital. HR Prosjekt serves a diverse clientele, including small to medium-sized enterprises and larger corporations, primarily in the Nordic region, while also extending their reach into markets like the United Kingdom and Germany.
By delivering customized solutions, HR Prosjekt aids clients in improving HR practices, driving employee satisfaction and business performance. In 2023, HR Prosjekt reported a revenue of USD 69. 27 mn and an EBITDA of USD 3. 60 mn.
The revenue model is service-based, with clients engaging the company for specific HR consulting projects or ongoing partnerships, either through one-time consultancy fees or retainer agreements for long-term advisory services. Flagship offerings, particularly in talent acquisition and strategic HR planning, command premium pricing due to their specialized nature. Following the acquisition of a 55% majority stake by Broviken Gruppen AB on January 18, 2021, HR Prosjekt AS plans to expand its service offerings and geographic presence. The company is exploring new market opportunities, particularly targeting expansion into the United Kingdom and Germany by the end of 2024.
Recent funding will be utilized to develop new products and enhance existing services to better meet the evolving needs of their clients.
Primary Industry
Business Support Services
Sub Industries
Engineering, Consulting Services, Construction
Website
www.hrprosjekt.no
Verticals
Infrastructure
Company Stage
Acquired
Total Amount Raised
Subscriber access only
HR Prosjekt AS - timeline of key events
HR Prosjekt AS - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 38,293,694 | 65,409,458 | 110,492,247 | 152,762,868 | 224,738,009 | 285,774,640 | 320,530,080 | 307,433,408 | 332,580,118 | 391,771,278 | 479,466,709 | 544,082,343 | 634,929,792 | - | - | - |
| % Revenue Growth (YoY) | - | 70.8% | 68.9% | 38.3% | 47.1% | 27.2% | 12.2% | (4.1%) | 8.2% | 17.8% | 22.4% | 13.5% | 16.7% | - | - | - |
| EBITDA (USD) | 7,525,320 | 12,283,411 | 17,357,197 | 25,088,351 | 28,480,360 | 31,538,805 | 18,842,157 | (12,561,398) | 8,040,835 | 31,329,609 | 47,120,681 | 37,636,161 | 39,897,366 | - | - | - |
| Operating Income (USD) | 7,349,111 | 12,124,380 | 17,141,167 | 24,758,837 | 28,014,477 | 31,149,974 | 18,335,609 | (12,887,222) | 7,569,844 | 30,365,146 | 44,955,443 | 34,068,984 | 34,851,974 | - | - | - |
| Operating Margin | 19.2% | 18.5% | 15.5% | 16.2% | 12.5% | 10.9% | 5.7% | (4.2%) | 2.3% | 7.8% | 9.4% | 6.3% | 5.5% | - | - | - |
| % EBITDA Margin | 19.7% | 18.8% | 15.7% | 16.4% | 12.7% | 11.0% | 5.9% | (4.1%) | 2.4% | 8.0% | 9.8% | 6.9% | 6.3% | - | - | - |
| NET Income (USD) | 5,288,332 | 8,894,823 | 12,676,928 | 18,282,400 | 20,915,998 | 22,890,574 | 13,971,839 | (9,072,517) | 6,066,382 | 24,633,916 | 36,790,491 | 26,965,886 | 27,495,097 | - | - | - |
| % Net Margin | 13.8% | 13.6% | 11.5% | 12.0% | 9.3% | 8.0% | 4.4% | (3.0%) | 1.8% | 6.3% | 7.7% | 5.0% | 4.3% | - | - | - |
HR Prosjekt AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | HR Prosjekt AS | - | ||||||||
| Buyout | Completed | HR Prosjekt AS | - |
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HR Prosjekt AS - employee data
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