GlobalConnect reported strong growth in revenue and profitability in 2022, despite a turbulent global landscape. Its revenue grew by 16% compared to previous year, to reach 7.2 billion SEK, while profitability (Adj. EBITDA) increased by 16.9% to 3.6 billion SEK with a 50.8% margin. GlobalConnect’s investments amounted to 9.2 billion SEK and its annual growth was driven by acquisitions, the Fiber-To-The-Home (FTTH) build-out, and by organic growth across all business areas.
The 2022 Annual & Sustainability report shows how GlobalConnect solidified its position as one of the leading and fastest-growing digital infrastructure providers in Europe, offering connectivity services to enterprises and consumers in Sweden, Norway, Denmark, Germany, and Finland. The company managed to grow in revenue while improving profitability compared to the previous year, and the EBITDA margin increased from 50.5% to 50.8%.
With an all-time high investment of 9.2 billion SEK, 2022 was a year where GlobalConnect continued to secure its position in the Nordics. The infrastructure investments contributed to growing GlobalConnect’s backbone network and reach across the region, enabling thousands of new households and enterprises to be connected, as well as securing several key acquisitions across the region.