2010 was the first year that the companies turnover did not increase.
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 continue to grow.
The company had a revenue of € 14 million in 2010, and the result after financials was -77 k€.
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 2010 was over € 16 million.
We specialize in two business areas, IT solutions for Customs administrations and for Telecom operators. The company has built up its leading-edge expertise in those two areas by supplying IT consultancy services and software products to highly esteemed actors in several countries in those two markets.