Annual Report 2022 - Passionate people and growth beyond borders

2022 was truly a remarkable year. Our strong performance demonstrates the talent of our incredible people, the company's resilience in the face of the invasion of Ukraine and our ability to help our customers accelerate their sustainable digital transformations.

From CEO Comment

I would like to begin by honouring our highly talented people for their extraordinary work and commitment, which made 2022 a truly remarkable year for Itera. Following Russia's invasion of Ukraine on the 24 February 2022, no one imagined that we would deliver organic revenue growth of 24% and an operating EBIT margin of 10.5% in 2022. I have never been so proud of our great people and their ability to navigate challenges such as those the invasion created.

Our performance demonstrates the resilience of the company and the strength of our core strategy: Grow People, Grow Customers and Grow Company. There is a direct link between this strategy, our innovative mind-set and entrepreneurial culture, the trust of our customers and partners and our ability to develop and attract great people.

As a company, we aspire to grow organically and be a leader in our industry. We continued our robust profitable growth trajectory while investing in our business and people to increase our scalability as a solid international company. We remained focused on staying close to our customers, providing the right solutions to enable sustainable digital transformations and adjusting to their changing needs.