"Last year we realised strong financial results through business growth and cost efficiencies. After the change of ownership in 2014 we began a transformation of Nets to become a more agile and innovation driven company with customer-orientation as our focal point. Looking at our results for 2015 we have performed better and have gotten much further on this strategic journey than expected at this point", says Bo Nilsson, CEO of Nets.
The growth in Nets has been realised through strengthened commercialisation of the business, increased sales force effectiveness and development of new solutions. In 2015, the efficiency was also significantly improved leading to a reduction in total operating expenses of 6%. Management will maintain focus on the ongoing streamlining of operations including standardisation, simplification and consolidation of vendors, and improvement of commercial processes.
Stronger market footprint in the Nordics
In 2015, Nets acquired the Nordea Merchant Acquiring business and the majority of shares in SignaturGruppen A/S. The ownership of DIBS Payment Services AB was furthermore increased to 98.4%. In total, acquisitions amounted to DKK 1,570 million. Finally, Nets completed the acquisition of Storebox A/S - a leading provider of eReceipts and loyalty solutions to merchants - in early 2016.
"A key priority for us has been to strengthen our offerings to merchants across the Nordic region through both organic and inorganic investments. The last two years we have acquired seven companies in the Nordics and thereby strengthened our market footprint in Sweden and Finland especially within merchant related services, where we see a lot of growth potential", says Bo Nilsson.
The ownership of Nets consists of Advent International, ATP and Bain Capital who acquired the company in the summer of 2014.
Read the entire Annual Report 2015 here.
Further information – enquiries from the press
Karsten Anker Petersen
Senior Vice President, Head of Group Communication
Tel. +45 29 48 78 83