DEVP-BNasdaq StockholmSoftware - ApplicationIFRS · SEK

DevPort

DevPort is a Swedish technical consulting company that provides product development, production development, and digital solutions to development-intensive businesses and organizations. The group operates through local offices across Sweden and combines in-house consultants with subcontractors to deliver assignments close to customers.

Revenue149m SEK
+17.1 %y/y
Operating profit (EBIT)-0.1m SEK
−108.5 %y/y
EBIT margin-0.1%
−0.8 ppy/y
Net income35.4m SEK
−1.3 %y/y

Fiscal year 2023 · change from previous year

Development 2022–2023

-50050100150m SEK2022: 127 m SEK2022: EBIT 0.92 m SEK20222023: 149 m SEK2023: EBIT -0.08 m SEK2023149-0.08
RevenueOperating profit (EBIT)

Business

Share of revenue
Product Development35 %

Engineering services for design, construction, and development of products and components.

Production Development30 %

Consulting for manufacturing, assembly, logistics, and supply chain optimization.

Digital Solutions25 %

Software, IT, and electronics development services for customer projects.

Testing and Verification10 %

Component and system testing, validation, and automated test framework work.

Customers

DevPort serves development-intensive companies and organizations that need engineering capacity and specialist know-how across the product lifecycle. The customer base spans established industrial groups and innovative start-ups, with a notable emphasis on automotive-related customers and a stated goal to broaden beyond that sector. Clients buy DevPort's services to improve quality, time-to-market, and cost efficiency in development and production.

Development-intensive industrial companies

Buy engineering consultants for product, production, and digital development work to supplement internal teams.

Automotive industry customers

Buy technical consulting for vehicle-related product development, embedded systems, and manufacturing support.

Non-automotive industrial customers

Buy DevPort's broader engineering and IT services to diversify development capacity and expertise.

Start-ups and innovative companies

Buy specialized technical support and project-based development resources for new products and systems.

Strategy

DevPort's strategy is to combine technical specialization with broad consulting coverage so customers can use one partner across product, production, and IT development. The company emphasizes organic growth, selective acquisitions or partnerships, and a broader customer mix outside automotive to reduce concentration and support long-term relevance.

Broaden the customer base beyond automotiveMedium term

Reduces dependence on one cyclical industry and supports more balanced demand.

Grow organically with technical breadth and niche expertiseMedium term

The model depends on winning assignments across multiple engineering disciplines.

Strengthen customer relationships through framework agreementsShort term

Longer-term agreements improve visibility and help stabilize consultant utilization.

Geography

DevPort is headquartered in Gothenburg and operates through offices in Linköping, Jönköping, Stockholm, Helsingborg, Karlskrona, and Malmö. Its business is primarily Sweden-based, with local presence used to stay close to customers and support on-site consulting assignments.

Risks

DevPort is exposed to cyclical demand in industrial consulting, especially in automotive-related projects, where customer investment levels can change quickly. The business also depends on consultant utilization, access to qualified engineers, and the ability to adjust staffing and cost structure to match demand. As a Swedish consulting group, it faces competition for talent, project pricing pressure, and execution risk on specialized technical assignments.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Automotive industry concentration1Consultant utilization and staffing flexibility2Quarterly volatility in project demand3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Automotive industry concentrationImpact: HighLikelihood: High

    Management states that a large share of demand comes from automotive-related customers, which are cyclical and sensitive to investment pauses.

    Exposure: Customer demand and revenue mix

  2. Consultant utilization and staffing flexibilityImpact: HighLikelihood: High

    Revenue depends on placing consultants on billable assignments, so lower utilization quickly affects operating performance.

    Exposure: Delivery model and workforce planning

  3. Quarterly volatility in project demandImpact: MediumLikelihood: High

    Consulting assignments can start and end unevenly, creating swings in revenue and profitability from quarter to quarter.

    Exposure: Project timing

  4. Competition for skilled engineersImpact: Medium

    The company needs specialized technical talent in embedded systems, software, and production engineering to win and deliver projects.

    Exposure: Recruitment and retention

Accounting

Judgemental items
Project revenue timing

Consulting revenue depends on when assignments are delivered and billed, which can create quarter-to-quarter swings.

Impact: Affects revenue recognition and comparability

Goodwill impairment

The group carries goodwill from acquisitions, and impairment assumptions can materially affect equity and earnings.

Impact: Balance sheet and profit impact

Fair value of contingent consideration

The company reports contingent earn-out liabilities at fair value, with changes flowing through profit or loss.

Impact: Can create non-cash earnings volatility

Personnel-related provisions and restructuring costs

Consulting businesses often need accruals for staffing adjustments and related costs when demand changes.

Impact: Affects operating expenses and short-term earnings

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

DevPort (DEVP-B) Revenue, Earnings & Financials 2023 – Clarifo