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Mynewsdesk Has Been A Nordic Success Story - Now On To The UK and Asia

Press release   •   Mar 25, 2011 08:00 GMT

In 2010, Mynewsdesk increased its turnover from SEK 30 million to over SEK 50 million and reports a profit of SEK 4 million. Strong growth in the local Swedish market, with establishment in Norway and Denmark, has led to this successful end-of-year result.

”Our growth has been high-level from the beginning.  Having 70 to 95 percent revenue growth each year strengthens our organization of course, but it also assures our owners.” says Peter Ingman, CEO of Mynewdesk.

He continues: ”Despite, or because of, the rapid growth, we have also been able to hire fantastic new employees. We have been able to strengthen all departments of the company, which has also enables further growth.”

From 38 employees in December 2009, Mynewsdesk has expanded to 58 employees as of December 2010, which is an increase of 61 percent in just one year’s time.

It isn't only the company's turnover and number of employees that have increased with aplomb over the past year.  Mynewsdesk has also expanded geographically with new offices in Norway, Denmark and Finland.  Even before the launch of local offices in the Nordic countries, Mynewsdesk had a large amount of registered users, both journalists and businesses, in neighboring countries.

”It is a natural and important move for us to join our users and customers in the markets in which they operate, for example, within the Nordic Countries.  Norway, which became profitable in record time, has strongly contributed to Mynewsdesk’s excellent results in 2010,” says Peter Ingman.

Mynewsdesk has also established itself in Asia by opening a new office in Singapore.  The potential and opportunities for success are huge and an office in Singapore is strategically important for Mynewsdesk.  In addition, Mynewsdesk’s venture to the UK begins in April, but a sneak preview will be shown during Social Media World Forum next week (exhibit stand #53).

”2010 was a great year - our best year yet. And now, with an increased staff and geographic imprint, Mynewsdesk looks forward to further growth over the coming years,” says CEO Peter Ingman.

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