German growth boosts Netigate income

Netigate said the German market now accounts for 36% of software sales, up from 30% in 2010.

For the group as a whole, operating profit on an EBITDA basis jumped 190% to SEK 8.9m in 2011.

CEO Victor Molander (pictured) said: “2011 has been a very successful year in the history of Netigate. We have not only managed to continue our strong organic growth in both Scandinavia and Germany, but I am especially glad to welcome several new customers in the UK market.”