9. februar 2023
2 Minutes

Arineo increases turnover by around 29 percent

The Göttingen-based IT service provider generated sales of €40.9 million in 2022 - an increase of €9.17 million compared to the previous year. The company can also look back on a successful year in the area of recruiting: despite a shortage of skilled workers, it was able to attract 73 new employees.
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The Arineo Group continues its growth and draws a positive balance for the 2022 fiscal year. It increased its sales by around 29 percent to €40.9 million. “The result is significantly above our planning. We had expected sales of 36 million euros in 2022,” explains Dr. Marko Weinrich, management spokesman for the young Göttingen-based company.

The positive balance sheet is also reflected in the company’s credit rating. In November, Creditreform Braunschweig Göttingen Bruns & Harland GmbH & Co. KG once again certified Arineo GmbH’s excellent creditworthiness by awarding the Creditreform creditworthiness certificate (CrefoZert). This makes Arineo among the two percent of economically relevant companies in Germany that meet the strict criteria of the certification body.

The IT company’s employee growth is also in the double digits. The workforce grew by a whopping 26 percent last year to 341 employees worldwide. “Unlike other young tech companies, we can and must continue to increase our staff levels to service our customer requests,” Weinrich said. In addition to flexible working models in terms of time and location, the company also offers an innovative corporate culture without traditional hierarchies.

“2023 will be a landmark year for Arineo. At the end of the year, the initial investors will transfer 100 percent ownership of the company to the employees,” says Weinrich, explaining the company’s plans. This company form, which does not provide for grassroots democracy in operations, safeguards the company against loss of capital and being sold. “So-called Employee Owned Companies are still rare. The construct helps us to attract employees and keep fluctuation as low as possible,” adds Weinrich. According to Weinrich, the resulting stability leads to a tangible competitive advantage in the IT market.