The SDC Group had a turnover of 1.7 billion in 2016, which corresponds to a growth of 4% compared to 2015, where turnover was 1.64 billion. The Group landed an EBITA of 75 million DKK and a result after tax of DKK 47 million DKK, which is as expected.
"Economices of scale is a key word in the market and therefore we are satisfied with the result. The volume gives us weight which contributes to delivering more IT to our customers and thereby strengthen their competitiveness, "says SDC's CEO, Jesper Scharff.
In a competitive market, banks also need IT solutions which both streamlines banking operations and help to attract new customers and new businesses.
"The banking institutions need for IT solutions are mostly the same across the Nordic countries. Therefore, it makes sense to develop common Nordic solutions. It gives greater development power and lower prices for each of the more than 120 SDC banks", emphasizes Jesper Scharff. More than 70% of SDC’s solutions are used across the borders of the Nordic countries.
Therefore, in 2016 there has also been a great focus on investing in new business solutions. SDC has in 2016 has continued to develop the advisory platform. With SDC Advisor we have launched a brand new capital market solution, new digital self-service solutions have been launched and the mobile bank has gained a significant boost. In addition, it has also been decided to invest in the settlement of technical debt to optimize response times and stability, which also weighs high in relation to customer satisfaction.
To support development, in 2016, the SDC has doubled its nearshoring engagement in Warsaw, which includes 140 developers. At the same time, strategic cooperation and partnerships are being developed with fintech companies in the Nordic region, which contributes to both development and innovation.