Strong quarter for Upgraded

Upgraded is going against the grain and once again shows strong figures when the results from the first nine months of 2023 are presented. Upgraded increases its turnover by a whopping 51.2% to 705.2 million sek (466.2 million sek). In September, the company’s turnover exceeds 100 million sek in a single month for the first time, when turnover reaches 108 million sek.

– After a 2023 that has been tough for many so far, with a weaker economy and a changing market, I am incredibly proud of all our employees and the results that we have created together at Upgraded, says Birgitta Hedegård, CEO of Upgraded.

2022 was a record year for Upgraded. During the year, turnover increased dramatically by 44.5% compared to the previous year and reached a turnover of 701.4 million sek for the full year, which has already been exceeded in the first nine months of the year.

When the figures for the first nine months of 2023 are reported, there are no signs that the success has stopped. Upgraded has continued to increase its turnover by a full 51.2 percent, which means that it lands in total at 705.2 million sek. The company has also signed several large strategic framework agreements, which, together with continued development of the relationship with existing customers, will contribute to continued very positive development and the previous forecast that Upgraded will have full-year sales of over 1 billion for 2023 remains unchanged.

The company’s geographical expansion continues with establishments in Denmark and Norway, where there is strong interest and continues to recruit key individuals.

Birgitta Hedegård describes the success as largely due to Upgraded’s strong corporate culture.

We place great importance on creating a corporate culture where everyone feels comfortable. When you create a workplace together with your employees and allow everyone’s different qualities and skills to take their place, not only will each individual person, but also the entire business, develop. Our solid work in finding the right skills and partners is based on solid sourcing work and skilled craftsmanship. In these times, higher demands are placed on finding niched cutting-edge expertise in combination with a speed that places great demands on the availability and presence of the employees at Upgraded, something that we have succeeded in and which is visible in our figures.