Daily News

View All News

Jobindex full-year revenue tumbles 12% as profits decline

24 April 2024

Jobindex reported in its annual accounts turnover of DKK 383 million (€51.3 million) for the full year 2023, down 12.1% compared to the prior year. The company published its annual report on 16 April.

The Danish job board was delisted from the Nasdaq exchange First North stock exchange on 30 June 2023. This is the first annual report after the company delisted.

(DKK thousands) FY 2023 FY 2022 Change FY 2023 (€ millions)
Revenue 382,786 435,466 -12.1% 51,327
Operating profit 106,060 165,723 -36.0% 14,221
Result for the period 82,674 127,793 -35.3% 11,085

CEO and founder Kaare Danielsen said, "We have experienced another year with a job market that is not as 'ambitious and carefree' as before the corona (Covid-19) crisis and subsequent war (invasion of Ukraine) and uncertainty. In several industries, people continue to invest and recruit."

Danielsen said many sectors had a high demand for qualified employees, adding that recruitment and retention activities are a 'very high priority'.

Jobindex said the job market in 2024 started where 2023 ended, and Jobindex believes in a 'semi-soft landing' on the job market during the year.

"We are on a new course in Jobindex after the delisting," said Danielsen. "But the goal and the basic values ​​are the same: To offer companies and job seekers the best and most efficient ways to meet."

Danielsen said the group has ambitions in AI, where it collaborates with research institutions on new methods to match people and companies. "However, our clear ambition is not to replace people and their knowledge, but to combine human and artificial intelligence in the best way," Danielsen said.

In 2024, the group expects a total turnover of approximately DKK 330 million (€44.2 million).

In an update on its lawsuit against Google, the job board said the case will appear before the Maritime and Commercial Court in June 2024. However, it added that Google had already made changes to Google for Jobs because of the case and because of the EU's Digital Markets Act.