Record-breaking start to the fourth quarter!
21 September 2026
Upgraded continues its strong growth journey and breaks a new sales record in October with sales exceeding 185 million SEK. Compared to the corresponding month in 2023, this represents growth of a whopping 51.6%.
Upgraded continues to go against the flow and begins the fourth quarter of the year with a very strong month. We break a new sales record for a single month where we reach 185 million sek and at the same time upgrade the forecast for the full year to a sales of 1.7 billion from the previous 1.5 billion sek. In 2023, Upgraded’s sales for the full year were just under 1.1 billion (1062 million sek).
We continue to strengthen our existing customer relationships while gaining new trust from both the public and private markets. Looking at the private market, it continues to perform strongly even though we still see that there is a recovery taking place, mainly in the construction sector. We have a great advantage of our national distribution, which means that we have spread our risks both by having a large variety of customers but also having a geographical distribution that allows us to capture needs and trends throughout the country. Within the public sector, we continue to be strengthened with increased trust from government agencies, municipalities and regions. In addition to gaining new market share, we are also seeing cautious optimism within public administration, which has been hard hit by rampant inflation and tight budgets over the past two years. We are also seeing the effects of an increasingly strong brand in the fact that the proportion of spontaneous inquiries is continuously increasing, a clear trend over the past year.
We are pleased to see that our forays into Norway and Denmark are starting to yield results. During October, the inflow of business opportunities in these markets has increased significantly, not least in Denmark, where the weak Swedish currency also creates exciting opportunities for Swedish consultants in remote assignments.
Overall, Upgraded’s position in the market continues to strengthen and we have high ambitions for the future. I would like to express my gratitude to all our fantastic employees, customers and partners who make this growth journey possible. I look forward with great confidence to the end of 2024 and the start of 2025, says Birgitta Hedegård, CEO of Upgraded People AB.
About Upgraded
Upgraded offers the market tailor-made solutions to meet the unique needs and wishes of its clients, we have a focus on services that lead the digital transformation forward to sleeplessly take on the challenges and opportunities of the future. Upgraded’s clients are found in both the public and private sectors with resource deliveries in Sweden, Norway and Denmark with over 1000 consultants on assignment. We provide the right resource at the right time to enable our clients’ goals and visions for the benefit of the individual, organizations and society. We have a focus on services that lead the digital transformation to sleeplessly take on the challenges and opportunities of the future.
For more information:
CEO, Birgitta Hedegård