Advania Delivers 22% Revenue Growth in 2025, Exceeding SEK 2 Billion in Adjusted EBITDA

Note: This interview is featured in the 2024 Annual and Sustainability Report.

Advania has had a year of remarkable growth. But unlike many IT companies that scale through centralisation, Advania has done the opposite – proving that local autonomy fuels success. In this conversation, Chairman Gestur Gestssonand CEO Hege Støre discuss how 'The Advania Way' drives expansion while staying true to its core values.

Note: This story is featured in the 2024 Annual and Sustainability Report.

The role of Chief Information Security Officer at Advania is newly established, but Henric Skalberg has a clear vision for its purpose: driving collaboration across markets to address shared cybersecurity challenges. 'Each of our markets has strengths, but by working together, we can achieve more and offer even greater value to our customers,' says Henric.

Jökulsárlón ehf operates one of Iceland's most visited natural attractions, welcoming over 150,000 passengers annually for boat trips across the iconic glacial lagoon. With that volume, the booking system isn't just software; it's the operational heart of the business.

Finnlines, part of the global Grimaldi Group, plays a critical role in maintaining Finland's import, export, and supply security. To meet growing demands for efficiency and resilience in maritime logistics, the company partnered with Advania to bring clarity, control, and security to its cloud operations.

Advania today announced its financial results for the year ended December 31, 2024, highlighting continued growth, strong profitability, and strategic progress across its key markets.

Click here to download the Financial Statements for the Year Ended Desember 31, 2024.

Advania is pleased to announce the appointment of Janne Ahonen as CEO of Advania Finland, effective April 2025.

Mesta AS, a Norwegian government enterprise delivering services within construction and civil engineering of roads, has taken a major step forward in its digital transformation by integrating Microsoft 365 Copilot, with strategic guidance and support from Advania.

Framery, a pioneer in soundproof workspaces and phone booths, has improved identity and access management across all its offices in 15 countries by partnering with Advania to implement Okta. The result: stronger security, a seamless user experience, and greater operational efficiency.

We are proud to share that Advania Norway and Sweden have achieved direct procurement status with Cisco. This achievement reflects our strong credit capacity and recognition of our ongoing commitment to delivering exceptional customer support.

Advania today announced the successful repricing of its existing €375 million Term Loan B, reducing the interest rate by 75 basis points and upsizing the facility to €425 million. This transaction includes a repricing of the existing loan and a €50 million add-on.

Hildur Einarsdóttir will step into the role of CEO of Advania Iceland on March 1. She brings a wealth of leadership experience, having spent 16 years at Embla Medical (formerly Össur), most recently serving as Executive Vice President of Research & Development. Hildur holds an executive education from Harvard Business School, a master's degree in biomedical engineering from Imperial College London, and an electrical engineering degree from the University of Iceland.

Advania has divested its Quality 360 application to ServiceNow (NYSE: NOW), the AI platform for business transformation. Originally developed to help manufacturing companies manage quality issues, Quality 360 will now be integrated into ServiceNow's platform, ensuring greater scalability, continued innovation, and access to a broader market.