Addedo Continues to Show Exceptionally Strong Performance, Growing with over 100% in 2008.
2009-02-12 : Zurich, Switzerland
Addedo today announced the completion of another highly successful year in 2008, despite the economic uncertainty. The group recorded growth in net profit and net sales of well over 100%.
Johannes Westergarden, CEO of Addedo, commented, “We are excited by the way our business has moved forward in meeting business objectives and expectations during a period when market conditions have been constantly changing. Being able to grow our business during these times illustrates the mission criticality and our rich value proposition to the Group Office of Finance.”
A highlight across strategic areas underlines some of this significant progress.
Addedo:
- recorded many notable client success stories.
- achieved a significant increase in number of consulting service agreement with customers – Addedo Sweden hit 95 customers early January 2009, Switzerland hit 85 and the UK 40.
- initiated and hosted utterly appreciated IBM Cognos Controller User Days in London and Zurich.
- UK acquired reselling rights during 2008 as the last Addedo country to do so. It honoured that right with an immediate IBM Controller sale to Paramount Restaurants Ltd.
- recorded as the best selling partner globally of IBM Cognos Controller.
- continued its growth in headcount during 2008.
“I am proud of what we accomplished last year and attribute this success to our dedicated, competent and client-oriented team of seasoned consultants” said Johan Berggardh, Managing Director of Addedo Ab.
Michael Kempter Managing Director of Addedo CH, continues, “Our customers have truly recognized our deep domain expertise within reporting and financial consolidation, this provides me with confidence for a strong 2009. We do have some exciting customer projects in the pipeline”
“Addedo UK have tripled in size during 2008, to now being the partner having the largest number of IBM Cognos Controller consultants in the UK. With the response we currently get from the market I am looking forward to continue building customer base and brand in 2009.” asserts Arnold Warhonowicz, Consultancy Manager Addedo UK
Johannes Westergarden, CEO Addedo concludes, “The outlook for 2009 is very hard to talk to. But I strongly believe that Addedo will be able to continue providing significant value to Group Finance, perhaps even more so in times of economic despair.”
Contact:
Arnold Warhonowicz, Consultancy Manager, Addedo UK
Mobile: +44 7809 899458
arnold.warhonowicz@addedo.com
Michael Kempter, Country Manager, Addedo Switzerland
Mobile +41 792 491 510
info@addedo.ch
Johan Berggårdh, Country Manager, Addedo Sweden
Mobile +46 70 3217732
johan.berggardh@addedo.com
About Addedo
Addedo is an independent consultancy. Our consultants work for the CFOs and Group Finance function. We identify and implement improvements in partnership with our clients. Through information technology and process changes we help transform these improvements into better corporate performance. We serve a large client base ranging from emerging businesses to the largest Fortune 3500. Common for many of our clients is that they want to improve and support their reporting and consolidation process.
Addedo has offices in Sweden and Switzerland and the UK. This is where the bulk of our customers are located, even though many of our consultants are engaged in projects throughout Europe.
We strive to be the pan European consultancy partner to Group Finance.
Working with Addedo to implement IBM Cognos Controller has already improved our financial consolidation and reporting processes significantly. We now are able to get more detailed reports faster and spend more time analysing the figures instead of just collecting and calculating them.”
-Eva Eriksson, CFO, Medius AB