Over the year, we have continued to develop and strengthen our operations, and together we have turned many challenges into opportunities. We are well prepared for the next step, and with a continued focus on long-term development and organic growth, we look confidently to the future and the opportunities that 2026 will bring.
In 2024, PION’s revenue decreased, while the rest of the consulting business grew by 4%.
The decrease in the number of employees since 2022 is entirely attributable to PION, which runs a more staffing-oriented operation than the rest of the consultancy business.
*Compound Annual Growth Rate.
Figures for 2025 are based on the latest available forecast and may therefore differ slightly towards actual outcomes. This applies to all 2025 figures. Nexer and Sigma are both reported pro forma for the period of 2019-2021. The number of employees refers to full-time equivalents of December. Some employees, primarily in Poolia, work part-time so in total the Danir Group has approximately 13,300 employees. In addition, the Danir Group engages 2,600 sub-consultants. September 30, 2025: 1 SEK is 0.10 USD.
For our subsidiary groups, organic growth is more than just a way to expand, it’s a way to preserve the qualities that makes them unique.
BrainLit develops patented lighting systems that bring daylight indoors, improving both health and performance. Our scientifically based, proven biocentric lighting helps support better sleep, a stronger immune system, and improved energy and focus. In addition to natural day–night cycles, we offer lighting tailored to different activities – from ergonomic light for healthcare settings to “pre-game” and “post-game” lighting for sports teams. Biocentric lighting is widely used by teams in the Premier League, NFL, MLB, and NBA. Our portfolio also includes UVEN, a patented disinfection solution that neutralises infectious organisms in the air and on surfaces.
Cindrigo is a London-listed (LSE: CINH) renewable energy developer building a high capacity, clean baseload power generation portfolio across Europe. The current portfolio includes around 500 MW of combined heat and power (CHP) assets, comprising a 110 MW biomass plant in Finland and approximately 400 MW of geothermal resources across three projects in Germany. We also maintain an active development strategy with several additional renewable energy projects and licences under evaluation. Our vision is to create shareholder value by delivering clean baseload power solutions that meet rising energy demand while improving environmental outcomes.
DanAds is the leading provider of self-serve advertising platforms, helping publishers automate and scale their ad sales. Our white-labelled solutions enable advertisers to manage campaigns directly – controlling proposals, targeting, budgets, and performance. Founded in Stockholm in 2013, DanAds today collaborates with some of the world’s best-known publishers and brands, including Bloomberg Media, Rogers Sports & Media, Tripadvisor, Paramount, Roku and Philips. Having grown rapidly during 2024, and with new offices in Malmö and Romania, we continue to shape the future of ad automation.
Finansfabriken is Sweden’s new human-centred finance company. We’re here to help small businesses succeed and grow – by doing the opposite of everyone else. When others see risks, we see opportunities. When others close doors, we open them. We create business loans, invoice purchasing and debt collection with craftmanship – powered by modern technology but always keeping people at the heart of everything we do. With us, it’s people – not machines – who listen and make the decisions.
Hub Park is a specialised property company, with a market-leading niche through a unique concept for mobility infrastructure. Based on modern and efficient mobility properties, Hub Park offers integrated solutions for parking, mobility, local services, and energy. The customers include municipalities, private land and property owners, residents, and commercial operators. Hub Park is shaping the mobility houses of the future – creating resource-efficient, sustainable, and vibrant centres within residential areas.
InfoTech Scandinavia offers the unique information system Advantum, developed in close collaboration with leading companies in Swedish industry. We develop, support, market, and sell Advantum, taking full responsibility for installation, training, and customer-specific configurations. With extensive experience in information management across a wide range of industries and regulatory environments, and with offices in Malmö and Stockholm as well as international partnerships, we are able to provide high-quality service to customers wherever they are based.
InterMatte is a digital mathematics learning tool designed for students in years 6–9. It not only excites students but also simplifies the work for teachers, giving them more time to help more pupils. With InterMatte’s unique help messages and instructional videos, students receive immediate feedback and assistance when they get stuck on a task. The programme analyses the student’s response and provides a help message specifically tailored to the mistake made. Featuring gamified elements and an appealing interface, mathematics is presented in an engaging way without compromising on quality.
Kaunis Iron has been operating the iron ore mine in Pajala since 2018. Each year, we produce around 2.3 million tonnes of iron ore concentrate, which, thanks to its high quality and environmental advantages, is in strong demand among steelworks worldwide. Our operations employ about 550 people and generate an annual turnover of approximately SEK 3 billion. With a strong local commitment, we aim to build a long-term, sustainable mining industry. For us, this means an industry rooted in the local community, that creates value for Norrbotten and contributes to Pajala's development.
NocNoc helps businesses and organisations reach their audience and make an impact. We develop strong brands by creating, planning, and executing communications and marketing campaigns that boost credibility and drive long-term growth. We offer end-to-end solutions – from strategy and concept to design, events, project management, and business development – and see ourselves as an extension of our clients’ marketing teams. By working closely together and combining their insights with our expertise, we create a more enjoyable, hands-on process and deliver better results.
Norrsken22 provides local growth capital to Africa’s future tech giants. Our goal is to drive sustainable, long-term economic growth through investments in the continent’s fast-growing technology sector. We back bold entrepreneurs who are building companies that solve real-world challenges. Our Africa-based team partners with them at every step, combining local presence with insights from unicorn founders around the world. We believe in Africa’s entrepreneurs: they have the talent, resilience, and ambition to create world-class companies, and they deserve access to capital, expertise, and networks that match their potential.
More time for what you and your colleagues are passionate about. That is the core idea behind Rexor. Every window, feature, and routine is designed to meet the needs of consultants, whether at the office, working from home, or on the go. The system is comprehensive, covering time tracking, project management, outlay, and finance. Developed in Sweden with cutting-edge technology, Rexor is cloud-native, with both support and servers based in the country. In addition, Rexor AB is an award-winning, high-growth company with top credit ratings.
Slättö is a private equity real estate investor with a Nordic focus. We strive to deliver consistent, market-leading returns for our investors through thematic strategies, local expertise, clear values, and a committed team. The Slättö funds collectively manage assets of EUR 3 billion. Since inception in 2013, the firm has executed over 100 transactions with a total value of EUR 4 billion. With a forward-looking approach, we prioritise sustainability as a key driver of the long-term success of our investments.
Spintop Ventures is the leading venture capital firm in the Nordics, investing in innovative software-based technology companies. We contribute our knowledge and experience to make long-term investments in entrepreneurs who drive change and support the transition to a sustainable society. After nearly 15 years, we are proud to showcase a solid list of successful investments in SaaS, B2B, B2C, fintech, gaming, IoT/telecom, and deep tech.
Star for Life was born in 2005 when Christin and Dan Olofsson started a new venture in KwaZulu-Natal, South Africa. They saw how many employees were affected by the spread of HIV and AIDS. This led them to initiate a school programme where children and young people are equipped to avoid infection and to take responsibility for their studies, their dreams and their lives. Over 20 years, Star for Life has helped 540,000 students to improve their health and school results whilst, at the same time, growing globally. Today, we have fundraising activities in Sweden, Norway and Germany and help students in South Africa, Namibia, Tanzania, Ukraine, Jerusalem and Sweden.
FC Rosengård is not only a successful football club but also an active force for social change. Using football as a tool, we work to drive positive change in society. Our vision is to create an equal Malmö – one that includes all communities and people; a Malmö where every child and family dares to believe in their dreams and sets goals for the future, both on and off the pitch. As a club, we stand on two equally important pillars – sports and social commitment – and we invest just as much in our social initiatives as we do in our sporting activities.
Special Olympics Sweden, part of the Swedish Parasport Federation, provides grassroots and recreational sports for people with intellectual disabilities. Our mission is to give everyone, regardless of ability, the chance to lead an active life. We achieve this by organising regional, national, and international sporting events – and by advocating for inclusion while supporting local sports clubs with the knowledge and tools they need to develop their activities for these athletes. Today, there are more than 10,000 Special Olympics athletes across Sweden.
Cooking over open fires still causes more deaths than malaria, tuberculosis, and AIDS combined – and has a climate impact comparable to the entire aviation industry. Emerging Cooking Solutions, based in Malmö with subsidiaries in Zambia, Malawi, and Mozambique, has been producing and distributing efficient, healthy cookstoves and sustainable wood pellet fuel since 2013. The stoves are loaned to users in exchange for purchasing our fuel and are connected to a digital platform that tracks usage, allowing us to target households with the greatest need. Users benefit from cleaner cooking, halve their fuel costs, and save valuable time.
Bitprop partners with township homeowners to develop rental flats on their property. This unique model combines entrepreneurship with financial and social innovation to develop affordable, high-quality, sustainable housing in South Africa's townships. The homeowner leases their land to Bitprop, which provides expertise, support and funding to enable construction. During the 10-year partnership, the homeowner receives 15 percent of the monthly rent collected, while Bitprop uses its share to recoup invested capital and provide a return to investors, creating a sustainable investment model. After 10 years, Bitprop steps out of the picture and 100 percent of the rental income goes to the homeowner.
The Swedish Entrepreneurship Forum is an independent research foundation that initiates, conducts, and communicates policy-relevant research to improve the conditions for entrepreneurship, innovation, small businesses, renewable energy and growth. The foundation also coordinates a unique network spanning the fields of academia, politics, and business. Our goal is to be a leading forum for policymakers, researchers, and opinion formers involved in economic policy issues related to entrepreneurship and innovation. In this way, we can help to disseminate knowledge on which to base decisions that improve the business climate for Swedish entrepreneurs.
FIFH Malmö is one of Europe’s largest parasport clubs. We are committed to promoting an active sports life, normalisation, equal value for all, and inclusion. The club primarily targets three groups: people with intellectual, physical, and/or visual impairments, with senior citizens also being a key focus. Today, FIFH has nearly 1,000 members spanning all age groups. At the heart of the organisation is our own parasport centre, the FIFH Parasport Center – a unique meeting place in many respects. Supporting this work are 15 employees, 13 of whom have a disability themselves, along with around 50 dedicated sports leaders.
Children and young people with disabilities are a group that is often physically inactive and may struggle to find activities adapted to them. To address this issue, Hugos Stiftelse (Hugo’s Foundation) raises funds to support associations and organisations that work to promote a more active and healthier life for children and youth with disabilities. Funds are raised through events such as Glädjeruset, a running event that allows everyone to participate in their own way.
The Jewish Community of Malmö welcomes Jews of all backgrounds. Its purpose includes organising worship and other religious services, promoting Jewish upbringing and education, and offering cultural and social activities for all ages. The congregation also works to safeguard Jewish interests in society and to counter antisemitism. Due to increased antisemitism and the vulnerable situation for Jews in Malmö, the congregation has significantly diminished, while security costs have increased. In this situation, it is crucial to support the Jewish minority that has long contributed to Malmö's development and cultural life.
Offerdals SK is the local ski club for local people, with over 400 members and an organisation built on voluntary commitment and community. Here, children from the age of four can discover the joy of movement, build friendships, and grow personally through skiing. With a focus on long-term development, fun and an active lifestyle, we nurture the skiers of tomorrow. Offerdals SK puts Offerdal on the skiing map, both nationally and internationally.
The folk music group Offerdals Spelmanslag was formed for a local heritage festival in Ede, Offerdal, in western Jämtland during the summer of 1985. Olle Simonsson, a prominent and enthusiastic fiddler, put up notices in local shops asking for musicians in the area who wanted to perform at the festival. The playing continued, and the group grew. So far, we have recorded eight albums and played in the USA, Russia, and South Africa. We are happy to play at events such as dances, at care homes, and at folk music gatherings.
Project Kaxås was launched in 2019 by Danir to reverse depopulation in the small village of Kaxås in Offerdal. Over six years, the population has grown from fewer than 100 to 270 through new housing, property allocation, and community development. As a result, more than 80 children have moved into the village. The local school has been saved from closure, and a newly built preschool opened in 2024. The project has given young families from across Sweden and parts of Europe the opportunity to establish new homes here, transforming Kaxås into a thriving community for future generations.
Founded in 1968, RFK Human Rights continues US Senator Robert F. Kennedy’s legacy. The organisation brings together attorneys, experts, human rights advocates, entrepreneurs, and writers, all committed to his vision of a more just and peaceful world. It advocates for human rights, pursues strategic litigation to hold governments accountable globally, promotes socially responsible business, and celebrates agents of change. To ensure lasting impact, it also educates millions of students on human rights, preparing the next generation of leaders. Dan Olofsson has been a member of the organisation’s Leadership Council since 2018.
The Swedish Committee Against Antisemitism (SCAA) is a religiously and politically independent organisation with a mission to counter and raise awareness about antisemitism, racism, Nazism, and the Holocaust. The focus is on education, information, and advocacy. The SCAA organises training sessions and courses featuring leading researchers, experts, and educators in the field. The organisation also provides schools, media, political organisations, and other stakeholders with information and educational materials, and arranges guest speakers. At the same time, they monitor public debates and media, addressing and responding to antisemitic, racist, or xenophobic expression.
The Thanda Foundation Trust, founded in 2005 by Christin and Dan Olofsson and chaired by Pierre Delvaux since its inception, is dedicated to supporting rural communities around Thanda Safari in KwaZulu-Natal. The Trust focuses on both socio-economic development and wildlife conservation. Over the past two decades, our work has steadily expanded, creating lasting impact through social initiatives, employment and education programmes, while also leading efforts to protect endangered species. Among other initiatives, we are a founding member of the anti-poaching initiative Project Rhino.
United World College (UWC) was founded in 1962 on the idea that one of the most important things we can learn is how to understand each other. UWC Dilijan College in Armenia is part of this global organisation’s ongoing work to make education a force that unites people, nations, and cultures for a peaceful and sustainable future. Today, the UWC network includes 18 schools across four continents, offering more than 9,000 young people from around the world a challenging and transformative education each year.
The idea is simple – more people in employment leads to a better Malmö. With the conviction that entrepreneurship can reduce segregation and exclusion, Dan Olofsson and Luciano Astudillo founded Uppstart Malmö in 2011. Uppstart Malmö operates as a non-profit foundation and has strong support and commitment from private investors, partners, the City of Malmö, and the business community. To date, the foundation’s activities and collaborations have helped over 4,000 people find new jobs.
Utfallsfonden is an impact fund supporting municipalities and regions in their transition to smarter welfare. We provide long-term financing, analysis, and expertise to enable the implementation of preventive and innovative measures, new technology, and more efficient working methods. Managing SEK 400 million, we invest broadly to promote better services for children and young people, the elderly, and other vulnerable groups. Investors include Danir, the European Investment Fund, state-owned Saminvest, Leksell Social Venture, and Norway’s Ferd.