GlobalConnect Group continues strong growth trajectory in 2023

While continuing significant fiber and datacenter investments in 2023, digital infrastructure and connectivity provider GlobalConnect Group reported a strong revenue and profitability growth for the year, emphasizing its position as the leading connectivity provider, futureproofing the Nordics and beyond.

In a year characterized by a turbulent global landscape with inflation and growing uncertainty, GlobalConnect Group’s recurring revenue grew by 11.4% compared to the previous year. The company’s total revenue grew by 6.2% to reach 7.6 billion SEK, while profitability (adjusted EBITDA) increased by 11% to 4.0 billion SEK with a 53.2% margin. GlobalConnect’s investments in digital infrastructure amounted to 5.8 billion SEK in 2023, which is approximately at the same level as 2022, accounting for inorganic investments.

“Our 2023 results are yet another proof of our position as one of the leading and fastest-growing digital infrastructure providers in Europe, delivering on our promise to connect people, businesses, and society. More than half of all data traffic in the Nordics now passes through our network,” says Martin Lippert, Group CEO, GlobalConnect.