The Novian IT infrastructure and software program solutions team experienced aggregated income of EUR 9.9 million in the to start with 50 percent of this year, a reduce of 6.3% in comparison to the exact same time period very last year. The group’s aggregated EBITDA was EUR .6 million and fell 21%. The Novian group’s running revenue for the six-month period was EUR .32 million and reduced 23.5% as opposed to the initially half of 2020, when it was EUR .41 million.
“This 12 months Novian is distinguishing alone with formidable tasks in the systems and software program expert services enterprise spots ranging from the set up and servicing of hyperconverged IT infrastructure platforms at Lithuanian Railways’ principal know-how device to the creation of a modern day information and facts system for community procurement. We welcome these types of multifaceted challenges that make us expand more rapidly much too, due to the fact implementing complicated assignments with modern-day and successful solutions is element of what Novian is all about,” suggests Evaldas Rėkus, the CEO of Novian.
He notes that the benefits for the to start with fifty percent of the yr ended up impacted by uneven market demand and fluctuations in the worth of the US greenback, and that presently the group’s corporations have returned to their normal rhythm. “Financial performance was also motivated by work to increase the share of very long-phrase managed services agreements, which give shoppers stability and clarity about IT support expenditures for quite a few yrs in progress. Whilst at this phase for us that suggests greater investments to encourage those providers and a shifting of some earnings to long term durations, acquiring contracts for quite a few yrs will make sure secure earnings of that style,” Evaldas Rėkus says. The corporate sector’s share of profits has grown from 33% in 2019 to 44% in the 1st half of this year and the monetary sector’s has risen from 17% to 23%, whilst the share of earnings from the public sector has shrunk from 44% to 28%.
“At the start out of the calendar year we continued to refine the group’s functioning places with a concentrate on integrated providers and gave a large amount of interest to the joint actions of the merged corporations Novian Programs and Acena,” the CEO claims. Thinking about the market’s needs for digitalization, he suggests, the Novian team offers appropriate software package, company analytics and course of action automation alternatives as effectively as critical IT infrastructure managed services, and is utilizing digitalization jobs of numerous scale.
Novian is exceptional in the area in its means to perform massive-scale digitization assignments and adapt digitized product for further more use. Currently Novian Technologies, collectively with the other Novian team corporations Andmevara Expert services OU and Zissor, is implementing tasks to digitize documents and add them to related devices in Lithuania, Estonia and Moldova. The geography of the group’s pursuits in the very first 50 percent of the 12 months included over 30 nations around the world. As in the initially half of last yr, the share of income earned aboard was 32%.
Novian Systems done critical jobs in Lithuania and Kyrgyzstan
Novian Systems, the primary Novian enterprise functioning in the systems space, experienced income of EUR 7.2 million in the first 50 % of 2021, or 8.5% a lot less than in the same period of time very last calendar year. The company’s functioning revenue was unchanged at EUR .48 million. Also working in the group’s systems region are Andmevara Services OU of Estonia and Andmevara SRL of Moldova.
“The initial half of this calendar year is noteworthy for the selection of huge tasks finished and new ones started out. One particular of the most attention-grabbing is at Lithuanian Railways, where we will up grade and manage very critical hyperconverged IT infrastructure. We also see a increasing will need on the current market for digitization expert services and lots of businesses that are eager to increase the lifetime of computer components. We are building important global partnerships. And we have resumed journey and operate for clients in Africa and other international nations – company procedures are steadily returning to their earlier, pre-pandemic training course,” Novian Technologies CEO Gytis Umantas says.
Really worth noting among the this year’s most important tasks are the completed set up of a substantial-general performance computing cluster at Vilnius University’s Faculty of Mathematics and Informatics, the completed to start with period of a GovCloud installation challenge, and modernization of the Kyrgyz postal process. Alongside one another with Andmevara Services OU and Zissor, digitization of paperwork is underway at Vilniaus Vandenys and Vilniaus Šilumos Tinklai. Perform to digitize tens of tens of millions of webpages for the Countrywide Archives of Estonia and the Cadastral Archive of Moldova is also ongoing.
Novian’s systems location corporations have earned the major part of their income this calendar year from the corporate sector, at 50%, which is up from 36% in 2019. The share of their profits from the economical sector has risen to 25% from 20%, although the general public sector’s share of earnings has fallen to 21% from 39%.
Lithuania accounted for 69% of profits in this business enterprise location, though in the 1st half of 2020 the stage was 70%. Tasks have been carried out in 32 countries this year. The technologies providers are concentrating greatly on critical IT infrastructure, cloud computing, present day electronic workspaces, and other technological answers.
Novian Units to modernize the central general public procurement information method
Novian Techniques, Novian’s principal corporation in the software program solutions place, had profits of EUR 1.5 million in the very first half of this calendar year, or 3.6% considerably less than in the exact time period very last yr. Its working reduction for the period of time, at EUR 70,000, was up from EUR 19,000 in the initially half of 2020 (following the merger of Novian Methods and Acena at the stop of 2020, working final results mirror their aggregated figures.). Andmevara AS of Estonia also operates in the Novian group’s application solutions location.
“We are pleased to be contributing to projects of these relevance to Lithuania as the development of the present day community procurement information process Saulė, for which we will use the most recent options. We are also viewing elevated need for promptly designed alternatives centered on slicing-edge technologies,” suggests Paulius Vaitkevičius, the Head of Organization Development at Novian Methods. He notes that the group’s organizations in this space also give details analytics, robotics, and artificial intelligence remedies.
The Novian businesses doing work in the programming location have conducted initiatives in 8 nations around the world this 12 months. Of their revenue, 76% was earned in Lithuania, up from 72% in the initially half of past yr. Whilst the community sector was the source of most income once again this calendar year, because 2019 its earnings share has fallen from 64% to 56%. The company sector’s share of income is very little modified at 24%, although the money sector’s share has grown from 4% to 16% and the academic sector’s share has decreased from 6% to 2%.
Projects of unique observe in the reporting interval consist of progress of the ESKIS Taxpayer Electronic Education and learning, Consulting and Facts Support as effectively as the implementation of automation methods for a municipal squander selection technique at Visagino Būstas and for handling milk assortment waybills at the Pienas LT agricultural cooperative.
Zissor ongoing the digitization of publications
The Norwegian business Zissor, a provider of media monitoring software package and digitization expert services, experienced profits of EUR 484,000 in the initial fifty percent of the yr (65.2% additional than in the initial half of 2020), whilst its working revenue was EUR 102,000, or 7.8 periods the amount of money in the same interval very last calendar year. The corporation gained the biggest section of its revenue, 44%, in the Uk, with 18% in Sweden and 13% in Norway, and also carried out projects in Germany and elsewhere.
Noteworthy among the Zissor’s jobs is the digitization of the archives of the Norwegian newspaper Vesterålen, in which Zissor digitized the newspaper’s total archive of 200,000 internet pages for the yrs 1921-2010. Furthermore, in collaboration with Visiolink, operate is underway to digitize German newspapers – the venture involves changing PDF web pages to articles and photos and generating XML codes. Zissor is also digitizing the Danish newspaper Ingeniøren.
The Novian group’s providers function in the Baltic countries, Norway and Moldova. The Novian group of enterprises is owned by INVL Technology, a enterprise that invests in IT firms.
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