Norian Regnskap AS

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Norian Regnskap AS - overview

Established

1998

Location

Oslo, -, Norway

Primary Industry

Outsourcing

About

Based in Norway, Norian Regnskap AS operates as a provider of accounting and payroll services, enhancing efficiency through innovative solutions tailored for small and medium-sized enterprises. Norian Regnskap AS, founded in 1998, is headquartered in Oslo, Norway. The company specializes in accounting and payroll services. In April 2021, ECIT AS acquired Norian Regnskap AS from Longship, with financial terms undisclosed.


Following this acquisition, the management team retained a stake in the company and is focused on employee development, automation, and customer experience. Norian Regnskap AS specializes in providing comprehensive accounting, payroll, and automation services aimed at enhancing efficiency and effectiveness in financial operations. The company’s core offerings enable businesses to streamline processes such as payroll management and accounting through innovative solutions that leverage advanced technologies, including artificial intelligence. Designed to cater primarily to small and medium-sized enterprises (SMEs), its services address critical challenges such as compliance with regulatory standards, accuracy in financial reporting, and timely payroll processing.


The company operates primarily in Nordic markets, serving clients across various industries including retail, manufacturing, and professional services, thereby facilitating better financial management and operational growth for its customers. In the most recent year, Norian Regnskap AS generated a revenue of USD 20. 52 mn and an EBITDA of USD 2. 30 mn.


In April 2021, ECIT AS acquired Norian Regnskap AS with plans to focus on enhancing employee experience, increasing automation, and improving customer service. The management will use part of the proceeds from the acquisition to reinvest in the business, supporting their strategy for future growth. The company is expected to maintain its commitment to developing new products aimed at increasing service efficiency and effectiveness, although specific upcoming launches and geographic expansion plans have not been detailed.


Current Investors

Icon Capital, ECIT Group

Primary Industry

Outsourcing

Sub Industries

BPO Services, Accounting Services

Website

www.norian.eu

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Norian Regnskap AS - timeline of key events

Blurred Background

Want to see the Timeline of Key Events?

Request a demo for full access to this profile.

Norian Regnskap AS - financials

Fiscal Year EndedDec 31, 2011Dec 31, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)9,899,13534,533,89237,731,27250,872,17160,157,55386,577,42497,059,295115,386,448113,391,896128,992,819143,439,353---
% Revenue Growth (YoY)-248.9%9.3%34.8%18.3%43.9%12.1%18.9%(1.7%)13.8%11.2%---
EBITDA (USD)1,045,5171,698,462558,964(2,093,771)(7,935,927)6,186,999(5,693,744)2,337,5687,468,6817,361,2099,190,235---
Operating Income (USD)882,2221,320,26233,457(2,663,682)(8,503,438)5,531,903(10,214,898)1,236,9366,627,6465,942,8847,410,717---
Operating Margin8.9%3.8%0.1%(5.2%)(14.1%)6.4%(10.5%)1.1%5.8%4.6%5.2%---
% EBITDA Margin10.6%4.9%1.5%(4.1%)(13.2%)7.1%(5.9%)2.0%6.6%5.7%6.4%---
NET Income (USD)461,938484,886(103,753)1,404,480(7,267,726)4,391,681(7,155,058)455,9395,119,7794,740,95712,551,207---
% Net Margin4.7%1.4%(0.3%)2.8%(12.1%)5.1%(7.4%)0.4%4.5%3.7%8.8%---

Norian Regnskap AS - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedNorian Regnskap AS-
BuyoutCompletedNorian Regnskap AS-

Displaying 1 - 2 of 2

Norian Regnskap AS - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.