Conscia A/S Due Diligence

Run due diligence on Conscia A/S: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Nordic Capital (Denmark) · conscia.com · 64 vendors

Conscia is a European IT infrastructure company that designs, builds, secures, and runs digital infrastructure for organizations. The company specializes in cybersecurity, networking, hybrid cloud, and observability solutions with managed services.

Resilience scores

Technology vendors

Services catalogue

5 services in catalogue across 2 categories; runs on 64 sub-vendors.

Insights

Last updated 2026-10-15 · revision 88

64 direct vendors, 364 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

6 in-scope frameworks identified; showing 3.

GDPR (source) — Evidence found

Conscia A/S is headquartered in Denmark, an EU member state, and has operations across 11 European countries, processing personal data of employees, customers, and suppliers.

Evidence: https://phonebook.conscia.com/Privacy, https://conscia.com/uk/privacy-policy/, https://conscia.com/no/privacy-policy/, https://getconscia.com/privacy, https://conscia.life/pages/privacy-policy, https://www.nordiccapital.com/portfolio-cases/investments/conscia/

CSRD (source) — Evidence found

Conscia A/S is a large undertaking within the EU, with revenue and employee numbers exceeding the thresholds for the Corporate Sustainability Reporting Directive.

Evidence: https://conscia.com/sustainable-it-infrastructure/, https://mycelium.global/emissions/conscia-danmark-a-s/filing/2025.pdf

NIS2 (source) — Evidence found

Conscia provides ICT service management and cybersecurity services to essential and important entities in sectors like healthcare, finance, and energy. As a large entity with over 1,700 employees, it falls under the scope of the directive.

Evidence: https://conscia.com/about-us/, https://conscia.com/whitepaper/, https://conscia.com/whitepaper/nis2-vision-key-objectives-and-tactical-strategies-for-your-organization/, https://conscia.com/nis2-quick-check/, https://conscia.com/blog/solutions/nis2/, https://nil.com/en/cybersecurity/on-demand-security-services/compliance-assessment-and-nis2-readiness/

Financials

Three-year financials

Financial Resilience Score: 7/10

Conscia A/S demonstrates strong financial resilience based on FY 2024/25 record performance, with group revenue growing 25% to DKK 5,701M and normalised EBITDA growing 41% to DKK 718M, representing an all-time high margin of ~13% on gross revenue (25% on net revenue basis). The company benefits from a strategic pivot toward higher-margin recurring revenue, with services growing 42% and managed services jumping 95%, providing greater earnings visibility. Backing from Nordic Capital Fund IX provides deep-pocketed sponsorship enabling an active M&A program. Equity at the parent company jumped from DKK 767M to DKK 2,309M in FY 2024/25, likely reflecting a capital injection to fund acquisitions, with solvency ratio improving to 86.0%. However, resilience is tempered by several factors. The growth model is heavily acquisitive (Dubex, Kanari, PlanNet 21, ITGL, Siemify, Open Line), creating integration risk. The core Danish market has stalled, with Conscia Danmark revenue flat at DKK 1,588M and EBIT declining two years in a row (DKK 126M → 116M → 114M). The holding company structure (Capnor Connery HoldCo) carries significant PE-typical leverage with solvency ratio of only ~15% at the holding level in prior filings. Management's FY 2025/26 guidance of 50-55% EBITDA growth is highly ambitious and carries delivery risk. Hardware cyclicality remains a vulnerability as demonstrated during the 2023/24 slowdown.

Key strengths: Record FY 2024/25 performance with 25% revenue growth and 41% EBITDA growth, Strong shift to recurring, higher-margin managed services (+95%), Normalised EBITDA margin at all-time high (~13% gross, 25% net), Deep-pocketed PE sponsor (Nordic Capital Fund IX) funding M&A, Long-term 19% revenue CAGR over 5 years, Structural tailwinds in cybersecurity and hybrid cloud demand, Parent equity tripled to DKK 2.3B with 86% solvency ratio

Risk factors: Hardware cyclicality demonstrated in 2023/24 slowdown, M&A integration risk with multiple deals in 2024/25, Ambitious FY 2025/26 guidance of 50-55% EBITDA growth, High leverage typical of PE-owned structures (holdco solvency ~15%), Core Danish market has stalled with EBIT declining two years running, Country-level and segment transparency is limited

Revenue by geography

Revenue by product/service

Workforce by country

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