In 2024, the A&D family made steady progress. Through incredible team work, our companies showed us what efficient growth looks like. The aggregated revenue of all the A&D companies is set to reach more than SEK 8 billion, an increase of almost 20% vs 2023. Remarkably, this is being achieved at the same time as profitability increases in 13 out of 14 companies.
Trustly solidified its leadership in account-to-account payments, making bank payments even more user friendly and cost efficient. Quinyx showed remarkable resilience with profitable growth combined with exciting new innovation. Acast expanded its US business with key hires and exciting partnerships, connecting voices, listeners and advertisers worldwide. PE Accounting became Kleer, empowering finance and growth for its strong customer base. Airmee and Joint Academy overcame challenges and took massive action to achieve sustainable economic health. VEQ, Ampli Ventures and Curus supported bold entrepreneurs, planting seeds for future growth.
We welcomed Auctionet, the leading Nordic digital marketplace for continuous auctions online, to the family. We divested our shares in Mentimeter after seven incredible years, in order to find liquidity for new investments. Thanks again Johnny, Niklas and the whole Menti team for letting us be a part of your relentless quest to enable better team work through engaging conversations.
In the A&D team, Maria, our beloved partner for 10 years, decided to start her own investment activities. We are forever grateful for her contributions to A&D.
As always, we have worked with dedication to advance our environmental, social, and governance responsibilities, together with our investee companies. And as in every year, we have chosen to support organizations close to our hearts, reaffirming our belief in giving back to the communities we serve.
To the leaders of our investee companies: We admire your vision, your courage, and your relentless efforts. This year tested us all, but you persevered, leading with strength and determination. We are proud to stand by your side.
To the employees of our investee companies: We see your hard work, creativity, and commitment. You are the foundation of everything we do, and your efforts make all the difference.
As we enter 2025, we remain committed to positive energy, impactful purpose and value creation together with you. Together, we are creating an attractive force for good.
With love,
Your A&D Team
