--- title: Annual report 2024 - Håndverksgruppen in brief description: HG is the largest and fastest growing surfacing contractor in Europe. With more than 4 500 craftspeople, we provide walling, painting, tiling, and flooring services that consistently exceed customer expectations. image: https://www.handverksgruppen.com/hubfs/2024_HG-in-brief_featured-image_annual-report.jpg --- 2024 IN BRIEF # The fastest growing surfacing contractor in Europe** ** #### **HG is the largest and fastest** growing surfacing contractor in Europe. With more than 4 500 craftspeople, we provide walling, painting, tiling, and flooring services that consistently exceed customer expectations. ![2024-HG-in-brief_01](https://www.handverksgruppen.com/hs-fs/hubfs/2024-HG-in-brief_01.jpg?width=1920&name=2024-HG-in-brief_01.jpg) Annual report 2024 - [ 1. Home ](https://www.handverksgruppen.com/annual-report-2024?hsLang=en) - [ 2. Our stories ](https://www.handverksgruppen.com/annual-report-2024/handverksgruppen-in-brief#) ▸ - [ They're used to carrying the load alone… ](https://www.handverksgruppen.com/features-2024/used-to-carrying-the-load-alone?hsLang=en) - [ Every six minutes HG completes an insurance job somewhere in Norway ](https://www.handverksgruppen.com/features-2024/every-six-minutes-hg-completes-an-insurance-job-somewhere-in-norway?hsLang=en) - [ Boss on sick leave made the company healthy ](https://www.handverksgruppen.com/features-2024/boss-on-sick-leave-made-the-company-healthy?hsLang=en) - [ When one painter gains the buying power of a hundred ](https://www.handverksgruppen.com/features-2024/when-one-painter-gains-the-buying-power-of-a-hundred?hsLang=en) - [ 3. 2024 in brief ](https://www.handverksgruppen.com/annual-report-2024/handverksgruppen-in-brief) - [ 4. Executive overview ](https://www.handverksgruppen.com/annual-report-2024/handverksgruppen-in-brief#) ▸ - [ CEO comments ](https://www.handverksgruppen.com/annual-report-2024/executive-overview/ceo-comment?hsLang=en) - [ 5. Strategy and value creation ](https://www.handverksgruppen.com/annual-report-2024/handverksgruppen-in-brief#) ▸ - [ Our strategy and M&A strategy ](https://www.handverksgruppen.com/annual-report-2024/our-strategy?hsLang=en) - [ Trends in our markets ](https://www.handverksgruppen.com/annual-report-2024/trends-in-our-markets?hsLang=en) - [ 6. Our Services ](https://www.handverksgruppen.com/annual-report-2024/handverksgruppen-in-brief#) ▸ - [ Painting ](https://www.handverksgruppen.com/annual-report-2024/services/painting?hsLang=en) - [ Flooring ](https://www.handverksgruppen.com/annual-report-2024/services/flooring?hsLang=en) - [ Masonry ](https://www.handverksgruppen.com/annual-report-2024/services/masonry?hsLang=en) - [ Tiling ](https://www.handverksgruppen.com/annual-report-2024/services/tiling?hsLang=en) - [ 7. ESG strategy ](https://www.handverksgruppen.com/annual-report-2024/handverksgruppen-in-brief#) ▸ - [ How HG works with ESG ](https://www.handverksgruppen.com/annual-report-2024/esg-strategy/how-hg-works-with-esg?hsLang=en) - [ Hard facts and numbers ](https://www.handverksgruppen.com/annual-report-2024/esg-strategy/our-esg-strategy-in-hard-numbers-and-facts?hsLang=en) - [ 8. Leadership ](https://www.handverksgruppen.com/annual-report-2024/handverksgruppen-in-brief#) ▸ - [ Group Management ](https://www.handverksgruppen.com/annual-report-2024/leadership/group-management?hsLang=en) - [ Establishment and governance ](https://www.handverksgruppen.com/annual-report-2024/leadership/establishment-and-governance?hsLang=en) - [ 9. Directors' report ](https://www.handverksgruppen.com/annual-report-2024/directors-report?hsLang=en) - [ 10. Financial information ](https://www.handverksgruppen.com/annual-report-2024/financial-information?hsLang=en) As a group, we create value by compounding and developing local winners within our industry – all with highly satisfied local customers, solid financial track record and a good company culture.  Despite a challenging market in 2024, our revenues grew by 14% compared with the previous year. We see that our local companies benefit from being part of the same group; they can balance local market swings by sharing resources, pursuing joint tenders, and reinforcing the sharing of best practices - all of which strengthens the HG culture.   > Despite a challenging market in 2024, our revenues grew by 14% compared with the previous year. ## LTM Proforma revenues (illustrative) ![2024_LTM-graph-1600x900px_NEG](https://www.handverksgruppen.com/hs-fs/hubfs/2024_LTM-graph-1600x900px_NEG.gif?width=800&height=450&name=2024_LTM-graph-1600x900px_NEG.gif "2024_LTM-graph-1600x900px_NEG") The markets we operate in are highly fragmented, resilient, and offer significant compounding opportunities. In 2024, 23 well-established local craft businesses became part of HG and since 2020, we have included more than 150 businesses in Norway, Sweden, Denmark and Germany, mainly based on referrals from already satisfied shareholders, which forms the foundation for cultural affinity and smooth integration.  We add value through our Toolkit, including HG Academy and sharing of knowledge, best practices and resources. Furthermore, we all benefit from our procurement agreements, organizational development, joint tendering and knowledge base. All while maintaining each company’s local identity and culture. ## Happy employees delivering quality Employer Net Promoter Score ![2024_eNPS-1600x900px_NEG](https://www.handverksgruppen.com/hs-fs/hubfs/2024_eNPS-1600x900px_NEG.gif?width=800&height=450&name=2024_eNPS-1600x900px_NEG.gif "2024_eNPS-1600x900px_NEG") In addition, we create a positive impact on people, society and environment by minimizing our companies’ environmental footprint, ISO certifying our businesses and promoting sustainable practices. In essence, we take the next phase in our industry and build a resilient business, with diversified services and customer segments, in many geographies. ![Spanning-the-nordic-landscape_01](https://www.handverksgruppen.com/hs-fs/hubfs/Spanning-the-nordic-landscape_01.jpg?width=500&name=Spanning-the-nordic-landscape_01.jpg) ### Our companies are anchored in Norway,  branching out to key locations in Sweden, Denmark, and Germany. As we continue to grow and incorporate more craft companies, our footprint becomes more expansive. ## Our companies: The local winners ## We provide all types of surfacing services ![2024-Painting_HG-in-brief](https://www.handverksgruppen.com/hubfs/2024-Painting_HG-in-brief.jpg) ### Painting [Read more >](https://www.handverksgruppen.com/annual-report-2024/services/painting?hsLang=en) ![2024-Flooring_HG-in-brief](https://www.handverksgruppen.com/hubfs/2024-Flooring_HG-in-brief.jpg) ### Flooring [Read more >](https://www.handverksgruppen.com/annual-report-2024/services/flooring?hsLang=en) ![2024-Masonry_HG-in-brief](https://www.handverksgruppen.com/hubfs/2024-Masonry_HG-in-brief.jpg) ### Masonry [Read more >](https://www.handverksgruppen.com/annual-report-2024/services/masonry?hsLang=en) ![2024-Tiling_HG-in-brief](https://www.handverksgruppen.com/hubfs/2024-Tiling_HG-in-brief.jpg) ### Tiling [Read more >](https://www.handverksgruppen.com/annual-report-2024/services/tiling?hsLang=en) [ Previous page ](https://www.handverksgruppen.com/features-2024/when-one-painter-gains-the-buying-power-of-a-hundred?hsLang=en) [ Next page ](https://www.handverksgruppen.com/annual-report-2024/executive-overview/ceo-comment?hsLang=en)