B3 Consulting Group
B3 Consulting Group is a Swedish consulting company focused on digital transformation, business development, and technology-enabled change. The group operates through a network of consulting teams in Sweden, with additional presence in Norway and Poland, and is headquartered in Stockholm.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueAdvisory and delivery services that help clients modernize operations and technology.
Specialist consulting in systems, architecture, and technical implementation.
Services that improve processes, operating models, and organizational performance.
Execution of client projects and programs using B3 consultants and teams.
Customers
B3 sells primarily to Swedish companies and organizations that need external expertise for digital change and operational development. The customer base appears centered on larger enterprise and institutional clients, including shared ramavtalskunder served through the parent company. Demand is driven by clients needing specialized consultants, project capacity, and implementation support rather than standardized software products.
Buy consulting teams for digital transformation, systems work, and business change.
Use parent-company contracts for recurring access to consulting capacity.
Purchase advisory and delivery support for modernization and operating efficiency.
Engage niche consultants for defined implementation or change programs.
Strategy
B3's strategy centers on combining technical depth with consulting breadth to support clients through digital transformation and business development. The company emphasizes utilization of consultants, project allocation, and staffing efficiency, which are central to a people-based consulting model. Its multi-location Nordic structure supports access to talent and closer client delivery.
Billing rate and project allocation directly drive economics in a people-based model.
Specialized expertise helps win enterprise transformation work and retain clients.
A broader Nordic and nearshore presence supports staffing flexibility and client coverage.
Geography
B3 is anchored in Sweden, where it has offices across 11 locations and serves most of its client base. The group also operates in Norway and Poland, giving it a broader Nordic and nearshore delivery footprint. Geography matters because consulting demand, staffing, and project delivery are tied to local client relationships and the availability of skilled consultants.
Risks
B3 is exposed to demand swings in consulting markets, where client spending on transformation projects can slow quickly in weaker economic conditions. As a people-based business, it also faces utilization risk, wage inflation, and the challenge of matching consultant capacity to project demand. Geographic concentration in Sweden and reliance on enterprise clients increase exposure to local market conditions and customer concentration.
- Utilization and billing-rate riskImpact: HighLikelihood: High
Revenue depends on the share of consultant time that can be billed to clients.
Exposure: Debiteringsgrad and project allocation
- Economic slowdown in client spendingImpact: HighLikelihood: High
Digital transformation and business development projects can be delayed in weaker markets.
Exposure: Enterprise and public-sector consulting demand
- Geographic concentrationImpact: MediumLikelihood: High
Most activity is centered in Sweden, so local market conditions matter disproportionately.
Exposure: Sweden
- Talent retention and recruitmentImpact: MediumLikelihood: Medium
The business depends on experienced consultants and associated consultants.
Exposure: Skilled labor availability in Sweden and the Nordics
Accounting
Judgemental itemsConsulting revenue is linked to hours billed and project progress, so cut-off matters.
Impact: Affects quarterly revenue comparability and margin interpretation
Debiteringsgrad, soliditet, and net debt ratios are used to explain operating and financial position.
Impact: Influences investor view of utilization and balance-sheet strength
Lease liabilities affect reported net debt and leverage metrics.
Impact: Changes balance-sheet debt presentation and covenant-style analysis
The parent company disclosed an impairment of shares in group companies after value testing.
Impact: Can materially affect parent-company earnings and equity
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Last updated: 24/09/2026