Results of the financial year 2017

Results of the financial year 2017

2017 was another financially good year for the edtech company IST, which continues to gain market shares in all the home markets. The company grew by over 10 percent, delivered 10 percent in profits, and has invested 70 MSEK in new products.  

In 2017, IST has grown by about 100 people and now has over 400 employees. The company entered a completely new market, Germany, where it acquired the company RDT. IST made four further acquisitions during the year; Schoolido, Skolon and Jarocka in Sweden, and the company UDDATA in Denmark. The plan is to employ at least one person a week until the year 2020 and to continue growing, both organically and with acquisitions.

Financial ratios for 2017

1    Sales SEK 386 million (351 million)
1    Result EBITDA SEK 36 million (SEK 50 million)
1    R&D Investments SEK 70 million (SEK 67 million)
1    Sales growth 10% (7%)

Important events during the past year

1  IST entered the German market and acquired the edtech company RDT (Ramcke Datentechnic GmbH), with 40 employees in offices in Neritz and Schmalkalden.
A further four acquisitions were completed in 2017; Schoolido, Skolon and Jarocka in Sweden and UDDATA in Denmark.
1  A brand new Business area started up, IST Home, focusing on the learning process in a home perspective. In connection with the establishment, a new office was opened in Linköping.
IST Started a ten year collaboration with Linnaeus University and invested SEK 10 million in research in digital learning processes.
1 The cloud-based overall solution IST Everyday launched, with the ed tech products IST Administration, IST Learning, IST Schedule and IST Home.

IST Annual Report 2017