Visma Enterprise A/S

In 2023, Visma Enterprise A/S achieved a revenue of 245.8 million DKK, a 10% growth from 2022. The profit before tax was 51.5 million DKK, a growth of 20.6%. The profit margin for 2023 was 20.1%, consistent with the previous year. Despite the revenue being slightly below expectations due to market challenges, the profit margins met the annual projections, and the financial outcomes are deemed acceptable, considering the significant platform investments made.

The key factor influencing financial outcomes in 2023 was our investment in migration to a new hosting environment, Amazon Web Services (AWS), a decision aligned with our long-standing objective to ensure our technology infrastructure is both cost-effective and equipped to evolve with changing industry trends and advancements. We aimed for high-speed implementation requiring the dedication of our entire organisation and supplier network, and we are satisfied to have completed this highly complex exercise in only nine months.
New perspectives on ESG
Visma Enterprise A/S is committed to making positive contributions to society as well as limiting negative effects of our activities, not only to meet current sustainability challenges but to shape a responsible and resilient future proactively.

It is our opinion that Visma’s solutions inherently contribute to this ambition by lowering resource use through digitisation, providing transparency, and enabling compliance with regulation on e.g. time registration and pay transparency. In 2023, our parent company established targets for all material ESG topics, including climate targets that are aligned with the 1.5-degree trajectory. Among the goals set are a 50 percent reduction in our baseline of scope 1 and market-based scope 2 emissions by 2030, and to reach net zero by 2040. All companies in the Visma Group will be contributing to these targets, and Visma Enterprise looks forward to further design and begin implementation of plans for this in the coming months. In 2023, Visma Enterprise thus launched several initiatives to strengthen the social aspect of the company's ESG strategy. These initiatives include a policy that gives every employee an extra day off each year to do charity work. As well as solutions to support EU requirements for time tracking and payroll transparency were implemented.

Achieving future goals and strategic milestones depends on engaged employees. In 2023, our employee engagement levels remained consistently strong, mirroring the performance seen in 2022. We successfully maintained an average employee Net Promoter Score (eNPS) of 80 throughout the year, demonstrating our ongoing commitment to fostering a supportive and engaging work environment. This steadfast engagement places us in a commendable position within our industry.