Ongoing Achieves a New Record Year 2022 - Generates over 100 Million

The books are closed for 2022, and we continue our strong growth journey. Compared to the previous year, the company's turnover has grown by 40% and we have also maintained profitability, a sign that the business model works well. 3PL operators as well as companies with their own warehouses – such as e-retailers - have begun using our software and on average, almost 3 million deliveries per month have been handled via Ongoing WMS. Growth outside of Sweden has gained more traction, suggesting that Ongoing's offerings are also competitive in the international market.

Additionally, we strengthened our team with approximately 10 new employees in 2022 who are now contributing to Ongoing's strong growth journey. After a slightly uncertain start to 2023 due to the state of the world, we are once again seeing strong demand for our product. This demand is driven by an increased need for cost savings among companies, and we also continue to grow based on recommendations from satisfied customers and existing partners in the ecosystem, all of which benefit from more users for Ongoing WMS. Fredrik Einarsson, CEO of Ongoing, speaks about the past year:

"It has been a challenging year for commerce businesses. Despite this, the company's turnover has increased significantly. Interest rates have risen which has led more companies to seek profitability. Our target group has sought further opportunities to save money by digitizing and streamlining their operations. Two ways they achieve this are by outsourcing their logistics to third-party logistics providers who use Ongoing WMS, or by investing in IT systems for their own warehouse operations. We are confident that the long-term trends within digitalization, e-commerce, automation, and internationalization will continue to contribute to Ongoing's long-term growth. We look forward to continuing to help logistics-intensive companies simplify and connect their logistics."

It is also noteworthy that several players in automation have joined Ongoing's ecosystem of integrations, further strengthening the offering to existing and potential customers, especially those who are considering whether to invest in automation or not - now they know there's a powerful WMS that can handle these connections.

"If one has chosen to invest in automation equipment, it is absolutely necessary to have a robust and powerful WMS that can be seamlessly integrated with the automation systems," explains the CEO. "This is where Ongoing WMS comes in."

In addition to integrations and new initiatives on automation, significant investments have been made in the development, operation, and security of the service we provide.

In summary, the future continues to look bright for Ongoing, our customers, and partners. We continue to assist all our customers in their daily work and we look forward to continuing to grow together and expand into the world!