We examined Nordic, listed IT service companies with the 'Rule of 20' metric we launched, measured with which a few companies achieved excellent performance in 2024. On average, Finnish IT service companies fared worse last year than other Nordic companies. Overall, however, it can be said that 2024 was still challenging throughout the Nordics.

Looking at the year as a whole, the difficult market situation is illustrated by the fact that none of the listed companies in the IT service sector achieved excellent or even good performance according to the Rule of 20 we have introduced.

Digital Workforce's financial statements were well in line with our expectations in terms of revenue, earnings and guidance.

Digital Workforce published its financial statements report this morning. Revenue grew well, and the result and guidance were in line with our expectations. In addition, the company announced a dividend payment that was relatively well above our expectations.

Digital Workforce will publish its financial statements on Wednesday, February 19. We anticipate continued good revenue growth in Q4. The extent to which growth is scaled depends largely on the level of investment. We expect the company to provide guidance on revenue and EBITDA growth for 2025. In addition, the company announced a new dividend policy yesterday and we assume that the company will pay a dividend as early as this spring.

We are launching our own Rule of 20 for the IT services sector, which we believe works well, if not best, as a single parameter to measure the operational performance of the sector and especially of the companies.