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GOODTECH ASA

Sector unknown·GOD · Oslo Børs·Fiscal year to 31/12/2024

ElectrificationAutomation and roboticsLabour and wagesSea freight and freight ratesGlobal trade volumes

Exposure profile

Raw materials and inputsMacroTechnologyRegulationEnd marketsGeography
Raw materials and inputs Labour and wages, Sea freight and freight rates
Macro Global trade volumes, Currency exposure, Interest rates, Inflation
Technology Electrification, Automation and robotics, Digitalisation, Energy efficiency
Regulation Circular economy and recycling
End markets Industrial manufacturing
Geography Nordics, Europe, Denmark

Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.

In their own words

Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.

Digitalisation

Technology

DriverPositive impact: strengthens

“Growth is driven by demand for greener production, lower unit cost, safeguard workplaces and production efficiencies. The Group is experiencing strong demand for its expertise as available technology and increased insight into operational data enables competitive Nordic production.”

Annual report 2024A · The company itself

StrategyPositive impact: strengthens

“Goodtech still aims to be the leading Nordic industrial automation player, and will therefore establish a new company – Goodtech AB, in Sweden in 2025 which will be the platform for growth within the same segments as Goodtech’s Norwegian operations. This growth will come at a higher value chain-layer than the exited business area, more focused on software implementation, large-project management, and digital transformation advisory.”

Annual report 2024A · The company itself

StrategyPositive impact: strengthens

“The growth in EBIT is attributed to improvement initiatives and strategic repositioning undertaken from 2021 to 2024. The company has focused on streamlining internal processes, automation, standardization, service & aftermarket operations, and cross-regional collaboration.”

Annual report 2024A · The company itself

Market

“Annual Report 2024 6 For over 100 years, Goodtech has provided solutions to Nordic industrial companies to optimize their production. We see that the Group's local presence, expertise, and experience in operational technology (OT) serve as a competitive advantage. The opportunities within OT revolve around using data to optimize and build market-leading production. Industrial companies often seek strategic partners like Goodtech to drive better management, secure data flow, and, most importantly, gain insights into continuous and granular operational data in order to improve and safeguard operation.”

Annual report 2024A · The company itself

Market

“Annual Report 2024 21 Statement from Board of Directors and CEO Goodtech is one of the leading specialists in control systems, digitalization, and production optimization for the manufacturing industry. With around 300 skilled engineers and specialists across 12 offices in Norway and Sweden, the company plays an active role in modernizing, streamlining, and - most importantly - driving the critical digital transformation currently taking place in Nordic industry.”

Annual report 2024A · The company itself

Market

“// GROUP OPERATIONS Annual Report 2024 23 Projects and Frame Agreements Throughout 2024, Goodtech has driven several milestone projects in automation, robotics, digitalization, and electrification in Norway and Sweden, enabling profitable production in the Nordic region.”

Annual report 2024A · The company itself

Market

“Digitalisation and Technology Development Goodtech continued its investment in innovation and technology development throughout 2024, with a focus on: •Manufacturing Execution Systems (MES) •Cyber Security Management Systems (CSMS) •Unified Namespace (UNS) The company’s proprietary MES system is already used in fish feed production in Norway, Sweden, and internationally in countries like Spain and the UK. Additionally, Goodtech houses the largest competency pool of experts in AVEVA’s model-driven MES-solutions and TrakSYS’ MES systems.”

Annual report 2024A · The company itself

Market

“Unified Namespace (UNS) is expected to significantly improve efficiency in coding control systems for production industries. As a result, Goodtech has been actively developing internal expertise and delivering customer projects in this area.”

Annual report 2024A · The company itself

Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT

Automation and robotics

Technology

DriverPositive impact: strengthens

“Growth is driven by demand for greener production, lower unit cost, safeguard workplaces and production efficiencies. The Group is experiencing strong demand for its expertise as available technology and increased insight into operational data enables competitive Nordic production.”

Annual report 2024A · The company itself

StrategyPositive impact: strengthens

“Goodtech has restructured its business model to specialize as a leading systems integrator and expert in digital transformation project management, providing comprehensive support throughout the customer lifecycle, including aftermarket services. This strategic shift positions Goodtech to capitalize on the growing market trend toward the automation of production processes and the advanced real-time data analysis facilitated by AI and machine learning.”

Annual report 2024A · The company itself

StrategyPositive impact: strengthens

“We believe that system-independent integrators will play an increasingly vital role in advancing the industry towards Industry 4.0 - and eventually Industry 5.0.”

Annual report 2024A · The company itself

StrategyPositive impact: strengthens

“The growth in EBIT is attributed to improvement initiatives and strategic repositioning undertaken from 2021 to 2024. The company has focused on streamlining internal processes, automation, standardization, service & aftermarket operations, and cross-regional collaboration.”

Annual report 2024A · The company itself

Market

“Annual Report 2024 21 Statement from Board of Directors and CEO Goodtech is one of the leading specialists in control systems, digitalization, and production optimization for the manufacturing industry. With around 300 skilled engineers and specialists across 12 offices in Norway and Sweden, the company plays an active role in modernizing, streamlining, and - most importantly - driving the critical digital transformation currently taking place in Nordic industry.”

Annual report 2024A · The company itself

Market

“// GROUP OPERATIONS Annual Report 2024 23 Projects and Frame Agreements Throughout 2024, Goodtech has driven several milestone projects in automation, robotics, digitalization, and electrification in Norway and Sweden, enabling profitable production in the Nordic region.”

Annual report 2024A · The company itself

Market

“Industry, Innovation and Infrastructure: Goodtech’s projects often involve automation, robotics, digitalization, and/or electrification of industry and infrastructure through innovation.”

Annual report 2024A · The company itself

IT operations and cloud

Raw materials and inputs

Market

“Annual Report 2024 24 AFTERMARKET &SERVICE Goodtech has established a dedicated business unit for service and aftermarket solutions, launching a Group-wide service model in 2023. This includes continuous support for customers throughout the entire lifecycle of their production facilities. Goodtech’s offerings typically cover service agreements with 24/7 first- and second-line on-call support teams, license-administration, and managed services for OT infrastructure and networks.”

Annual report 2024A · The company itself

Market

“Goodtech also offers its proprietary software, Operations Control (OC), for OT Managed Services. This platform provides: •Ongoing monitoring of OT and network infrastructure in industrial production facilities •Patch management, upgrades, security monitoring, and performance optimization This solution is well established in the offshore and energy industries and was further expanded in 2024 to support offshore wind, district heating, and shipyard industries.”

Annual report 2024A · The company itself

Market

“In 2024, Goodtech also introduced Hypercare as a new service offering to the market. This encompasses all post-commissioning optimization of automated production facilities.”

Annual report 2024A · The company itself

Market

“Digitalisation and Technology Development Goodtech continued its investment in innovation and technology development throughout 2024, with a focus on: •Manufacturing Execution Systems (MES) •Cyber Security Management Systems (CSMS) •Unified Namespace (UNS) The company’s proprietary MES system is already used in fish feed production in Norway, Sweden, and internationally in countries like Spain and the UK. Additionally, Goodtech houses the largest competency pool of experts in AVEVA’s model-driven MES-solutions and TrakSYS’ MES systems.”

Annual report 2024A · The company itself

Market

“Unified Namespace (UNS) is expected to significantly improve efficiency in coding control systems for production industries. As a result, Goodtech has been actively developing internal expertise and delivering customer projects in this area.”

Annual report 2024A · The company itself

Market

“Goodtech’s IIoT Gateway WiZX (second prototype) extracts data from complex sources, enabling users to optimize operations and maintenance. In 2024, the WiZX system was piloted with a third-party production provider.”

Annual report 2024A · The company itself

Agriculture and food production

End markets

Market

“Goodtech holds a strong market position in production optimization for solid food products, feed production, pharmaceuticals, process industries, minerals, smelting plants, and assembly lines.”

Annual report 2024A · The company itself

Market

“Additionally, Goodtech acquired Skala Flytende, securing market leadership in liquid food production and control systems for cleaning and process flow.”

Annual report 2024A · The company itself

Market

“Examples include within the battery industry (Vianode), dairy industry (TINE) and food industry (Norsk Kylling).”

Annual report 2024A · The company itself

Market

“This system is installed in over 25 industrial plants producing liquid food products in Norway and is updated annually to comply with hygiene regulations and optimization requirements.”

Annual report 2024A · The company itself

Chains in: Grain and agricultural commodities mixed effect, Climate change and extreme weather weakens, Grocery retail and private label weakens

Artificial intelligence

Technology

StrategyPositive impact: strengthens

“Goodtech has restructured its business model to specialize as a leading systems integrator and expert in digital transformation project management, providing comprehensive support throughout the customer lifecycle, including aftermarket services. This strategic shift positions Goodtech to capitalize on the growing market trend toward the automation of production processes and the advanced real-time data analysis facilitated by AI and machine learning.”

Annual report 2024A · The company itself

StrategyPositive impact: strengthens

“We believe that system-independent integrators will play an increasingly vital role in advancing the industry towards Industry 4.0 - and eventually Industry 5.0.”

Annual report 2024A · The company itself

Market

“Examples of this include the company's focus on the Manufacturing Execution System (MES), which optimizes production processes, resource consumption, and energy management while coordinating all aspects of production. Another example is WiZX—Goodtech’s proprietary software for data collection and continuous measurement from production and industrial hardware. WiZX provides customers with real-time insights from hard-to-access data sources, allowing them to identify and optimize bottlenecks and consumption patterns in production.”

Annual report 2024A · The company itself

Market

“Goodtech’s IIoT Gateway WiZX (second prototype) extracts data from complex sources, enabling users to optimize operations and maintenance. In 2024, the WiZX system was piloted with a third-party production provider.”

Annual report 2024A · The company itself

Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry

Electrification

Technology

DriverPositive impact: strengthens

“Growth is driven by demand for greener production, lower unit cost, safeguard workplaces and production efficiencies. The Group is experiencing strong demand for its expertise as available technology and increased insight into operational data enables competitive Nordic production.”

Annual report 2024A · The company itself

Market

“// GROUP OPERATIONS Annual Report 2024 23 Projects and Frame Agreements Throughout 2024, Goodtech has driven several milestone projects in automation, robotics, digitalization, and electrification in Norway and Sweden, enabling profitable production in the Nordic region.”

Annual report 2024A · The company itself

Market

“Industry, Innovation and Infrastructure: Goodtech’s projects often involve automation, robotics, digitalization, and/or electrification of industry and infrastructure through innovation.”

Annual report 2024A · The company itself

Market

“Climate Action: Goodtech is engaged in projects that enable emissions reduction, waste reduction, and other sustainability improvements in customers' production processes. This can involve measuring and visualizing energy consumption, estimating carbon footprints, and optimizing resource use. Example of this is a project for Wacker Chemicals here Goodtech helps electrify previously fossil-fueled production.”

Annual report 2024A · The company itself

Chains out: this strengthens Electricity, strengthens Power grid expansion, strengthens Copper

Industrial manufacturing

End markets

StrategyPositive impact: strengthens

“Industrial customers are increasingly asking for assistance in the early-stage planning of new industrial projects, where digital, fully automated production is key in investment decisions. As a result, Goodtech has intensified its focus on strategic advisory services, leading to major transformation projects for companies such as Aker Solutions, Equinor, Vesterålen Marine Olje, Vianode and Moelven.”

Annual report 2024A · The company itself

Market

“Annual Report 2024 6 For over 100 years, Goodtech has provided solutions to Nordic industrial companies to optimize their production. We see that the Group's local presence, expertise, and experience in operational technology (OT) serve as a competitive advantage. The opportunities within OT revolve around using data to optimize and build market-leading production. Industrial companies often seek strategic partners like Goodtech to drive better management, secure data flow, and, most importantly, gain insights into continuous and granular operational data in order to improve and safeguard operation.”

Annual report 2024A · The company itself

Market

“Goodtech holds a strong market position in production optimization for solid food products, feed production, pharmaceuticals, process industries, minerals, smelting plants, and assembly lines.”

Annual report 2024A · The company itself

Market

“Industry, Innovation and Infrastructure: Goodtech’s projects often involve automation, robotics, digitalization, and/or electrification of industry and infrastructure through innovation.”

Annual report 2024A · The company itself

Energy efficiency

Technology

DriverPositive impact: strengthens

“Goodtech’s solutions contribute to making Nordic industry cost-leading with a significantly lower environmental footprint, reducing the need for subcontracting production to low-cost countries with long transport distances.”

Annual report 2024A · The company itself

StrategyPositive impact: strengthens

“Goodtech transforms and optimizes industries both in the Nordic region and internationally. With Goodtech’s solutions, customers can reduce waste in their input factors, optimize resources, and reuse materials where possible. In addition, Goodtech provides energy optimization through software and control systems, improved working capital flow, and footprint reduction within the value chain—making local production in the Nordic region competitive with international production.”

Annual report 2024A · The company itself

Market

“Examples of this include the company's focus on the Manufacturing Execution System (MES), which optimizes production processes, resource consumption, and energy management while coordinating all aspects of production. Another example is WiZX—Goodtech’s proprietary software for data collection and continuous measurement from production and industrial hardware. WiZX provides customers with real-time insights from hard-to-access data sources, allowing them to identify and optimize bottlenecks and consumption patterns in production.”

Annual report 2024A · The company itself

Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens

Nordics

Geography

StrategyPositive impact: strengthens

“The company is present in all major industrial hubs in Norway and will continue to expand its presence in existing and new areas in 2025. In 2022, Goodtech created a business unit dedicated to service and aftermarket solutions to strengthen its offerings, capacity, and collaboration—aiming to improve its ability to support customers 24/7 throughout their entire lifecycle.”

Annual report 2024A · The company itself

StrategyPositive impact: strengthens

“Goodtech still aims to be the leading Nordic industrial automation player, and will therefore establish a new company – Goodtech AB, in Sweden in 2025 which will be the platform for growth within the same segments as Goodtech’s Norwegian operations. This growth will come at a higher value chain-layer than the exited business area, more focused on software implementation, large-project management, and digital transformation advisory.”

Annual report 2024A · The company itself

Geography

“The Group is already the leading player in Norway within automation, industrial IT, robotics, digitalization, and electrification, with a strong presence in the project market for digital transformation of both existing and new production systems.”

Annual report 2024A · The company itself

Wind power

Technology

Market

“The backlog contains several exciting new projects such as the Wacker Holla transformation project, and Equinor’s Empire Wind project outside New York.”

Annual report 2024A · The company itself

Market

“Annual Report 2024 14 Goodtech sees especially strong potential to impact the following four SDGs through its deliveries: Affordable and Clean Energy: Goodtech’s solutions contribute to energy optimization, power access, and the transition from fossil fuels to water-based or other renewable energy sources. Examples include Goodtech’s offshore wind projects projects for for Equinor and Greenvolt.”

Annual report 2024A · The company itself

Market

“In 2024, Goodtech has announced larger transformation projects with Wacker Chemicals (Holla facility), Equinor (Empire Wind windfarm off the New York coast) and Vesterålen Marine Olje’s second cod liver oil facility which dominates the order backlog.”

Annual report 2024A · The company itself

Chains in: Interest rates weakens, Energy security strengthens
Chains out: this strengthens Steel, strengthens Rare earths and critical raw materials, strengthens Renewables auctions and subsidies, strengthens Power grid expansion

Aquaculture and fish feed

End markets

Market

“Since acquiring Avanti Engineering AS in 2021, Goodtech has expanded its solution portfolio to include: •Vaccine robots (Robovac™) •Sorting lines using machine vision technology for the aquaculture and fish processing industries Through its acquisition of Skala Flytende, Goodtech has incorporated one of the leading automation environments for hygienic production in the Nordic region, along with its proprietary control system, LT Line.”

Annual report 2024A · The company itself

Market

“Life below water: Goodtech is engaged in several ongoing projects within aquaculture industry. Among the projects is to the fish feed industry (Biomar), where we are helping the client to develop new healthier fish feed more efficiently.”

Annual report 2024A · The company itself

Circular economy and recycling

Regulation

StrategyPositive impact: strengthens

“Goodtech transforms and optimizes industries both in the Nordic region and internationally. With Goodtech’s solutions, customers can reduce waste in their input factors, optimize resources, and reuse materials where possible. In addition, Goodtech provides energy optimization through software and control systems, improved working capital flow, and footprint reduction within the value chain—making local production in the Nordic region competitive with international production.”

Annual report 2024A · The company itself

Market

“At the same time, Goodtech is helping reduce plastic usage in packaging with its automated and flexible packaging machines, Goodtech Robowrapper™, which create packaging solutions using cardboard and corrugated paper.”

Annual report 2024A · The company itself

Chains in: EU climate and energy policy strengthens

Cybersecurity (products and services)

Technology

Market

“Goodtech also offers its proprietary software, Operations Control (OC), for OT Managed Services. This platform provides: •Ongoing monitoring of OT and network infrastructure in industrial production facilities •Patch management, upgrades, security monitoring, and performance optimization This solution is well established in the offshore and energy industries and was further expanded in 2024 to support offshore wind, district heating, and shipyard industries.”

Annual report 2024A · The company itself

Market

“With the rising demand for OT cybersecurity services, Goodtech has also focused on enhancing its Cyber Security Management System (CSMS).”

Annual report 2024A · The company itself

Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation

Packaging

Raw materials and inputs

Market

“Machines and Automated Production Lines Goodtech has continues to be a preferred supplier of fully automated packaging and handling for high-value bulk goods through its Portabulk® technology – FAB (Fully-Automated Bagger).”

Annual report 2024A · The company itself

Market

“At the same time, Goodtech is helping reduce plastic usage in packaging with its automated and flexible packaging machines, Goodtech Robowrapper™, which create packaging solutions using cardboard and corrugated paper.”

Annual report 2024A · The company itself

Chains out: this weakens Beer and beverages

Shipping and logistics

End markets

Market

“As a result, Goodtech has intensified its focus on strategic advisory services, leading to major transformation projects for companies such as Aker Solutions, Equinor, Vesterålen Marine Olje, Vianode and Moelven.”

Annual report 2024A · The company itself

Market

“The Aker Solutions project was successfully handed over to the client in H1 2024, and this became a milestone project both for Goodtech and Aker Solutions. Aker Solutions now owns and operates one of the most modern yard operations in the world, and Goodtech delivered the project as planned and on time.”

Annual report 2024A · The company itself

Chains in: Carbon tax and ETS prices weakens, Global trade volumes strengthens, Fuel strengthens

Utilities

End markets

Market

“As a result, Goodtech has intensified its focus on strategic advisory services, leading to major transformation projects for companies such as Aker Solutions, Equinor, Vesterålen Marine Olje, Vianode and Moelven.”

Annual report 2024A · The company itself

Market

“In 2024, Goodtech has announced larger transformation projects with Wacker Chemicals (Holla facility), Equinor (Empire Wind windfarm off the New York coast) and Vesterålen Marine Olje’s second cod liver oil facility which dominates the order backlog.”

Annual report 2024A · The company itself

Carbon tax and ETS prices

Regulation

Market

“Climate Action: Goodtech is engaged in projects that enable emissions reduction, waste reduction, and other sustainability improvements in customers' production processes. This can involve measuring and visualizing energy consumption, estimating carbon footprints, and optimizing resource use. Example of this is a project for Wacker Chemicals here Goodtech helps electrify previously fossil-fueled production.”

Annual report 2024A · The company itself

Chains out: this weakens Shipping and logistics, strengthens Energy efficiency, weakens Cement and building materials

Cement and building materials

Raw materials and inputs

Market

“Projects such as those for Aker Solutions in Verdal, Nexans in Halden, REEtec in Herøya, and Hydro Aluminium contribute to SDG #9.”

Annual report 2024A · The company itself

Chains in: Carbon tax and ETS prices weakens, Reconstruction of Ukraine strengthens

Europe

Geography

StrategyPositive impact: strengthens

“3.Sustainable Operations: Wherever possible, we will prioritize local sourcing and minimize our operational and value chain footprint.”

Annual report 2024A · The company itself

Grain and agricultural commodities

Raw materials and inputs

Market

“In 2023, Goodtech secured a project with German ammonium and urea producer SKW, which also continued to contribute to revenue and EBIT throughout 2024.In 2023 the Group renewed its 30-year collaboration with Hokuren Federation of Agricultural Cooperatives, supplying packaging and bagging technology for the Japanese fertilizer market, which operated according to plan also in 2024.”

Annual report 2024A · The company itself

Chains out: this strengthens Beer and beverages, mixed effect Agriculture and food production

Precious metals

Raw materials and inputs

Market

“Projects such as those for Aker Solutions in Verdal, Nexans in Halden, REEtec in Herøya, and Hydro Aluminium contribute to SDG #9.”

Annual report 2024A · The company itself

United States

Geography

Market

“The backlog contains several exciting new projects such as the Wacker Holla transformation project, and Equinor’s Empire Wind project outside New York.”

Annual report 2024A · The company itself

Chains in: USD vs DKK/EUR mixed effect

Vaccines (travel health and preparedness)

End markets

Market

“Since acquiring Avanti Engineering AS in 2021, Goodtech has expanded its solution portfolio to include: •Vaccine robots (Robovac™) •Sorting lines using machine vision technology for the aquaculture and fish processing industries Through its acquisition of Skala Flytende, Goodtech has incorporated one of the leading automation environments for hygienic production in the Nordic region, along with its proprietary control system, LT Line.”

Annual report 2024A · The company itself

Chains in: Pandemics and outbreaks strengthens

Labour and wages

Raw materials and inputs

DriverNegative impact: weakens

“Goodtech’s biggest challenge is securing sufficient engineering expertise.”

Annual report 2024A · The company itself

Currency exposure

Macro

DriverNegative impact: weakens

“Delivery Risk Like in 2023, Goodtech continued to experience high levels of activity and a growing order backlog in 2024, with a significant portion of revenue derived from the procurement of goods delivered as part of the Group’s projects. This increased exposure to procurement has heightened the focus on foreign exchange risk when purchases are made in currencies different from the delivery market, as well as risks related to delivery times and general supply chain stability.”

Annual report 2024A · The company itself

DriverNegative impact: weakens

“Goodtech operates and delivers projects across multiple countries, with contracts primarily in NOK, SEK, EUR, and USD. Currency fluctuations can impact earnings in NOK for international projects.”

Annual report 2024A · The company itself

DriverNegative impact: weakens

“Goodtech also continuously evaluates the effects of interest rate, inflation, and currency fluctuations on its value chain.”

Annual report 2024A · The company itself

Global trade volumes

Macro

DriverPositive impact: strengthens

“Goodtech’s solutions contribute to making Nordic industry cost-leading with a significantly lower environmental footprint, reducing the need for subcontracting production to low-cost countries with long transport distances.”

Annual report 2024A · The company itself

DriverNegative impact: weakens

“Delivery Risk Like in 2023, Goodtech continued to experience high levels of activity and a growing order backlog in 2024, with a significant portion of revenue derived from the procurement of goods delivered as part of the Group’s projects. This increased exposure to procurement has heightened the focus on foreign exchange risk when purchases are made in currencies different from the delivery market, as well as risks related to delivery times and general supply chain stability.”

Annual report 2024A · The company itself

Chains in: Tariffs and trade policy weakens, Geopolitical uncertainty weakens, Business cycle and GDP growth strengthens
Chains out: this strengthens Shipping and logistics

Inflation

Macro

DriverNegative impact: weakens

“Goodtech also continuously evaluates the effects of interest rate, inflation, and currency fluctuations on its value chain.”

Annual report 2024A · The company itself

Chains out: this weakens Consumer spending, strengthens Interest rates

Interest rates

Macro

DriverNegative impact: weakens

“Goodtech also continuously evaluates the effects of interest rate, inflation, and currency fluctuations on its value chain.”

Annual report 2024A · The company itself

Chains in: Public debt and fiscal policy strengthens, Inflation strengthens
Chains out: this weakens Construction, weakens Real estate, weakens Wind power, weakens Housing market, weakens Office and commercial property, weakens Residential rental, weakens Residential construction

Sea freight and freight rates

Raw materials and inputs

DriverNegative impact: weakens

“This increased exposure to procurement has heightened the focus on foreign exchange risk when purchases are made in currencies different from the delivery market, as well as risks related to delivery times and general supply chain stability.”

Annual report 2024A · The company itself

Chains in: Geopolitical uncertainty strengthens

Business cycle and GDP growth

Macro

DriverMixed impact: mixed

“Goodtech serves a diverse range of industries, reducing exposure to economic fluctuations in any single sector.”

Annual report 2024A · The company itself

Chains out: this strengthens Global trade volumes, strengthens Construction

Denmark

Geography

Geography

“The Group is already the leading player in Norway within automation, industrial IT, robotics, digitalization, and electrification, with a strong presence in the project market for digital transformation of both existing and new production systems.”

Annual report 2024A · The company itself

Competitors mentioned in the report

No named competitors in the report.

Financial figures

Revenue
latest fiscal year
0.71 bn NOK
Revenue growth
vs. the year before, same method
-1.7 %
EBITDA
reported by the company
0.04 bn NOK
Net debt
debt incl. leasing minus cash
N/A
Diluted EPS
per share
-0.88 NOK

Source: annual report (ESEF) A. See the report

Criteria

Profit✗
Growing✗
Healthy balance sheetN/A

Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.

Figures are in the report's currency (NOK), not converted to DKK. Quotes are shown as the company's own words in the report's original language.

This page describes what the company itself writes. It isn't an assessment and isn't a recommendation. Run an analysis to see how the company connects to your view.