Qgroup publishes annual report for 2022

Qgroup’s annual report 2022 is now available here


Key figures 2022

1 Jan – 31 Dec
Net sales amounted to SEK 629.6 MSEK (506.2)
Organic sales growth amounted to 24.4% (26.9)
Operating profit amounted to SEK 48.4 million (52.4)
The operating margin was 7.7% (10.4)

Jon Carvell, CEO of Qgroup, comments:

“Qgroup doesn’t just sum up another year; we can also look back at ten years of incredible growth. During these years, we have had both pandemic and market volatility due to the war in Ukraine. Despite this, Qgroup delivers stable figures yearly, proving that our business model keeps what it promises. Our 2022 was no exception, the group’s turnover increased organically by 24 percent compared to 2021, and we expanded our operations by around 200 consultants, including the recruitments of associated companies.

Qgroup’s international expansion continued at an even higher pace than before. Operations in the USA, Germany, and Poland grew with good profitability. Even our joint venture in India showed one positive development, and we started a new business in Tokyo.

In this annual report, we take the reader through our history, our business model, and exceptional events that took place during 2022, where our 10-year anniversary – celebrated with a ball in Vienna, Austria – of course, stood out.

In conclusion, we continue to do exactly what we decided ten years ago when Qgroup was founded – to put consultants’ careers and development first. During the journey, it has been clear that more people think like us and who also joined Qgroup for that reason. We have built the group we have today, a group of companies that I am convinced will deliver strongly in 2023 and forwards.”

For more information, please contact:

Jon Carvell, CEO, Qgroup
+46 (0)708-707500