7N Annual Report 2024

7N, a leading freelance IT consultancy services company, today publishes its Annual Report for 2024 announcing resilient 2% revenue growth and 5% adjusted EBITDA margin in line with expectations.

Revenue grew organically by 2.1% to DKK 1,547 million, driven by continued strong growth in Poland (+15%) and client engagements across geographies. However, Denmark saw a decline (-3.6%), and Other Countries also contracted (-13%) although revenue in India grew by 63% primarily due to large Danish clients placing more business with 7N in India. The number of engaged consultants was 1,758 at year-end serving more than 225 clients globally. Adjusted EBITDA was DKK 79.2 million, corresponding to an adjusted EBITDA margin of 5.1%, underlining our operational resilience.

Sebastian Podleśny, CEO of 7N, says: "The market slowdown that we experienced in the second half of 2023 continued in 2024. Nonetheless, in a year marked by caution and geo-political uncertainties, our core business remained strong despite a small revenue decline in Denmark. Our deployment of AI-powered systems, like our new in-house developed matching tool, exemplifies our focus on optimizing processes while maintaining the high standards that 7N is known for. I am confident that our innovation and ability to deliver top-tier IT consultants coupled with the strength of our client relationships, positions us well to maintain our leading position in our field."

Our performance in 2024 was fueled by the acceleration of our service portfolio – 360° Sourcing, Solutions, and Academy, allowing 7N to move further up the value chain, taking on greater ownership of project delivery. Operational efficiency was maintained through disciplined cost control and streamlined processes. Combined with an expanded network of over 8,000 vetted consultants, these initiatives led to resilient growth and margins despite broader market headwinds.

“We are now poised for a next chapter of growth, backed by a strong owner and enhanced digital capabilities,” Sebastian Podleśny added. “With Polaris as our new majority owner, we are positioning 7N to lead the trans-formation of how critical IT projects are sourced, managed, and delivered across industries and borders. Our high client NPS of +69, up from +59 (on a -100 to +100 scale) in 2023, is a testament to our foundational strength.”