Kontanten AB
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Kontanten AB - overview
Established
2003
Location
Stockholm, -, Sweden
Primary Industry
Financial Services
About
Kontanten AB is a leading provider of automated cash withdrawal solutions in Sweden, specializing in ATM services to facilitate secure cash access for consumers across urban and rural areas. Founded in 2003 and headquartered in Stockholm, Sweden, Kontanten AB offers cash withdrawal solutions via a network of ATMs. The company was acquired by Nokas Teknik in January 2014. Kontanten has executed two deals to date.
Kontanten provides cash withdrawal solutions through strategically located ATMs throughout Sweden, Norway, and Denmark. These ATMs serve customers who require convenient access to cash, particularly in areas lacking traditional banking services. The company enables users to withdraw cash using their bank cards from various financial institutions without requiring subscriptions. In 2013, Kontanten generated revenue of EUR 30.
47 mn while reporting an EBITDA loss of EUR 1. 98 mn for the same year. Kontanten plans to enhance its ATM network and expand into new regions. Upcoming initiatives include the introduction of technologically advanced ATMs designed to improve user experience.
Recent funding from Nokas Teknik will support these expansions and technology upgrades, with a focus on increasing market presence in neighboring Scandinavian countries by the end of 2015.
Primary Industry
Financial Services
Sub Industries
Financial Services
Website
www.kontanten.se
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Kontanten AB - financials
| Fiscal Year Ended | Dec 31, 2004 | Dec 31, 2005 | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 808,568 | 11,893,792 | 36,911,270 | 66,398,708 | 109,275,000 | 131,960,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | 1371.0% | 210.3% | 79.9% | 64.6% | 20.8% | - | - | - |
| EBITDA (USD) | (1,978,768) | (6,635,202) | (18,645,513) | (36,217,590) | (34,861,003) | 27,612,000 | 30,010,000 | - | - | - |
| Operating Income (USD) | (1,978,768) | (7,136,574) | (19,800,321) | (37,491,953) | (36,534,082) | 14,939,000 | 14,652,000 | - | - | - |
| Operating Margin | - | (882.6%) | (166.5%) | (101.6%) | (55.0%) | 13.7% | 11.1% | - | - | - |
| % EBITDA Margin | - | (820.6%) | (156.8%) | (98.1%) | (52.5%) | 25.3% | 22.7% | - | - | - |
| NET Income (USD) | (1,978,568) | (7,479,988) | (19,879,128) | (36,343,387) | (14,751,583) | 20,802,000 | 12,518,000 | - | - | - |
| % Net Margin | - | (925.1%) | (167.1%) | (98.5%) | (22.2%) | 19.0% | 9.5% | - | - | - |
Kontanten AB - employee data
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