ECIT Group Due Diligence
Run due diligence on ECIT Group: check compliance and get alerts when suppliers or ownership change.
Norway · owned by ECIT Group AS (Norway) · ecit.dk · 24 vendors
ECIT is a Nordic group providing finance and IT services, including payroll, accounting, IT outsourcing, cloud hosting, IT security, and business systems such as Microsoft Business Central. The company operates across 11 countries with approximately 3,000 employees across 120 locations. The Danish domain ecit.dk serves as the Danish market portal for the wider ECIT Group, headquartered in Norway.
Resilience scores
- Digital Sovereignty: 17
- Digital Resilience: 8
- Financial Resilience: 7.5
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Services catalogue
3 services in catalogue across 2 categories; runs on 24 sub-vendors.
- Afsendelse af SMS’er
- Business Solutions
- Personal Data Processing
Insights
Last updated 2026-01-31 · revision 8
24 direct vendors, 233 subvendors
Direct vendors by controlling owner country (sample)
- Germany: 2
- Norway: 4
- Canada: 1
Subvendors by controlling owner country (sample)
- India: 2
- China: 7
- Singapore: 1
Financials
Three-year financials
- 2022: revenue 3,062.8M NOK, EBIT 141.2M NOK, equity 1,811.2M NOK
- 2021: revenue 2,576.8M NOK, EBIT 129.5M NOK, equity 1,677.1M NOK
- 2020: revenue 2,074.6M NOK, EBIT 134.1M NOK, equity 632.4M NOK
Financial Resilience Score: 7.5/10
ECIT demonstrates moderately high financial resilience, supported by diversified revenue streams across IT, Finance & Accounting, and Software segments. This diversification, combined with a sticky customer base of SMEs with high switching costs, provides a stable foundation of recurring and predictable revenue. The company's aggressive M&A strategy has fueled consistent top-line growth, creating a buffer against economic headwinds. However, the model carries significant risks related to its heavy dependency on continuous acquisitions and the complexities of integration. High levels of goodwill on the balance sheet and increased financial leverage from debt-financed deals pose potential impairment risks. Additionally, while top-line growth is strong, reported EBIT margins are often suppressed by amortization and integration costs, and the business remains sensitive to the broader Nordic macroeconomic environment.
Key strengths: Diversified Revenue Streams, Sticky Customer Base, Strong Top-Line Growth, Proven M&A Playbook
Risk factors: M&A Dependency and Integration Risk, Leverage and Goodwill, Margin Pressure, Macroeconomic Sensitivity
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