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Physitrack Ranked #2 Among Nordic Publicly Listed Companies for Growth Effectiveness

LONDON, UK / ACCESSWIRE / May 2, 2022 / Physitrack (STO:PTRK)

Physitrack is ranked #2 among listed Nordic companies for growth efficiency, with an E40 of 112.38%, according to a new report from software firm Upsales. E40 is a KPI that balances revenue growth against profitability and has been widely recognized as a way to determine the performance of SaaS businesses.

Upsales has published a study on the most effective listed B2B SaaS companies in the Nordic region. The report ranks 49 companies and Physitrack comes in second, with an E40 of 112.38%. The E40 metric derives from “The Rule of 40” which is based on the principle that a company’s combined growth rate and profit margin must exceed 40%. The report also features an interview with Physitrack CEO Henrik Molin.

“We are proud and happy that Physitrack’s solid financial performance, based on a strong culture of cost and efficiency, has been recognized. This is a testament to the sustainability of our business model, as we continue to improve our SaaS and Virtual Care offerings,” said Henrik Molin, CEO and co-founder of Physitrack.

The results include publicly traded SaaS companies in the Nordics, with revenues over €2.5 million and operations within the B2B industry. The data comes from their fourth quarter 2021 or annual financial report. Calculations were made in national currency. TTM net income has been converted from national currency to euro, based on the mid-market exchange rate as of March 18, 2022.

The full report can be read here:

For more information, please contact:
Adam Nilsson, Investor Relations: [email protected]. +46 (0) 70 746 44 21

About Physitrack
Physitrack, founded in 2012, is a global digital healthcare provider, primarily focused on the B2B physiotherapy and musculoskeletal care market. With staff on four continents, customers in 17 time zones and patients in 187 countries, we are a truly global company.

The company has two businesses:
1. Software-as-a-service (SaaS) based software platform suitable for physiotherapy and musculoskeletal care, encompassing home clinical exercises, education prescription, outcome monitoring, triage and telehealth.

2. Virtual care powered by the Physitrack technology platform where we have in-house physiotherapists and corporate wellbeing practitioners in the UK, Nordics and Germany.

Physitrack is headquartered in London, UK and is listed on the Nasdaq First North Premier Growth Market (PTRK).

FNCA Sweden AB is Physitrack’s designated certified advisor.
[email protected]+46 8 528 00 399

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Physitrack Henrik Molin


Physitrack Ranked #2 Among Nordic Publicly Listed Companies for Growth Effectiveness

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