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Record turnover for GSGroup

2017 became a record year for GSGroup. The company continues with its strong development in Europe.

The company has had a consistent positive development, both when it comes to operations and profitably.

In particular, sales of solutions within fleet management, positioning, tracking and recovery of objects have been strong. Several major international customers now use GSGroup as a supplier, which gives the company a good sale and growth potential in the future.The Group's revenue for 2017 was MNOK 193.1 compared with MNOK 178.6 in 2016, an increase of 8.1%. EBITDA was MNOK 24.0 in 2017, compared to MNOK 14.0 in 2016.For the Group, earnings before tax amounted to NOK 8.9 million in 2017, against a loss of MNOK 3.3 in 2016.

See the entire GSGroup Annual Report (in norwegian) for 2017 here