Discussions » 🇸🇪 Swedish operator grows revenue 31% to €25M (🔗 Visit source)

Swedish flexible office provider Ioffice recorded revenue growth of 31% in 2024, rising from €19.2M to €25M, despite reporting an operating loss of €2M due to expansion investments and temporarily higher vacancy rates. The company opened two new locations during the year - one in Stockholm and its first in Gothenburg at the historic Naval Command School building - leading to a 47% increase in total rentable space from 23,600 to 34,700 sqm and 40% customer growth.

Founded in 2007, Ioffice remains privately funded without venture capital or external shareholders and is now one of Sweden's five largest coworking operators.

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