In a recent chat with Carl Square Equator Research, I shared how White Pearl Technology Group is continuing to grow across both emerging and developed markets. We spoke about our business model, what’s driving our growth, and where we’re headed next.
We’ve built the group around three core areas: IT services and solutions, digital transformation, and smart infrastructure. Most of our customers are large enterprises that need a partner who can support them long-term and across regions. What sets us apart is our ability to open doors in emerging markets while still maintaining a strong record of profitability. At the same time, we’re investing in areas like AI, big data, and our own smart solutions — giving us the ability to solve today’s needs while preparing for tomorrow’s opportunities.
Growth Drivers
For several years now, we’ve been growing revenues by more than 20% each year, purely on an organic basis. That’s come from strong demand, cross-selling within the group, and adding new services. Our own technology — especially AI and smart solutions — has played a big role here and will stay a priority going forward.M&A Approach
Acquisitions continue to be a key part of our strategy. We look for opportunities that give us new tech, expand our footprint, and bring in strong entrepreneurial teams. We’ve also learned from past deals and strengthened how we evaluate and integrate new businesses. For us, M&A isn’t just about scale — it’s about creating opportunities for both sides to grow together.Emerging Market Opportunity
Demand in emerging markets remains very strong. In many cases, technology adoption is happening faster there than in developed economies. These markets allow us to test and refine solutions that later benefit customers globally. Of course, there are always geopolitical risks, but we focus on countries that have shown stability so that we can keep delivering consistent results.Financial Vision
We’re still focused on our 2028 target: SEK 827 million in revenues with EBITDA margins of 17% or higher. We see that as achievable through our own IP, talented teams, and strong customer relationships. A stable dividend strategy is also part of the long-term plan, as we continue to create lasting value for shareholders.Looking Ahead
The first half of the year has been strong, and we expect that to continue. We’re adding people across regions, building capacity, and seeing solid demand for our services everywhere we operate. Long-term, our aim is a balanced revenue mix between emerging and developed markets, with AI, machine learning, predictive analytics, and data-driven solutions at the centre.Our journey is ongoing, but the direction is clear. We’re building a group that is resilient, profitable, and forward-looking — and I’m confident in our people and our ability to deliver long-term value for customers, employees, and investors.
Ebrahim
