2011 we continued to grow.
Over the years, all development of the product ArcticTARIFF has been capitalized. During 2006 the first licens was sold and so far six European countries have invested in our product ArcticTARIFF. The market for the product is expected to have a long term growth.
The whole group had a revenue of € 21 million in 2011 of which € 19 million came from the operation in Arctic Group AB.
Financial reports
Below our annual reports are listed
Arctic Group - works for you Arctic Group is a company located in northern Sweden focused on the global market. Over the last years we have gained international experience from projects in 20 different countries. With an exceptional profitable growth over many years, our revenue in 2011 was over € 21 million.
Our operation is grouped into four business areas, IT solutions for Customs administrations, Consultancy agency, a Swedish consultancy business focused Telecom operators and Public sector and Malaysian consultancy business with the same focus. The company has built up its leading-edge expertise by supplying IT consultancy services and software products to highly esteemed customers.