September 21, 2021
11 11 11 AM
A sit down with two firms: How did Covid impact their business?
Open landscape office or private offices? Here’s what Fortune 500 companies do
Latest Post
A sit down with two firms: How did Covid impact their business? Open landscape office or private offices? Here’s what Fortune 500 companies do

A sit down with two firms: How did Covid impact their business?

It’s well known that a lot of businesses have been struggling in the light of the Covid pandemic. There have been shutdowns, home offices, layoffs, bankruptcies, and a whole lot of emotional difficulties. 

What’s also becoming more and more known, is that some businesses have actually been thriving during the pandemic. And although it hasn’t all been a walk on roses, two Scandinavian companies we will feature today have been able to succeed, despite the hardships. 

IP-Only Telecommunication AB

This Swedish telecommunications company has been going strong since 1999, and offers voice and data services to large enterprises in Sweden, under their website section WAN – Wide Area Network. They now go under the name GlobalConnect, and we figured that this would be a typical company that might flourish during the pandemic. 

“Not so fast,” Ruben Jönsson from their finance department told us. “It might be reasonable to think that, since we offer communication services to people, and the demand for this has skyrocketed during the pandemic, that our business would surge to the greatest heights.” 

We were surprised at his reaction. We felt where this was going, and it was not in the direction of the ebullient enthusiasm we had expected. “Whereas most countries performed shutdowns when Covid came, Sweden decided to ‘be merry’ and let the virus tire itself out so that things would eventually go back to normal. Because of this, Sweden didn’t see the same rise in home office workers that other countries did. Our companies were still able to go to work in the usual offices.” 

Ruben did tell us, though, that they, despite no demands from the state to do so, chose to restrict the amount of physical contact, and opted for home offices. And so did many other companies, something IP-Only wrote about in their article allt fler jobbar hemma. “So I guess you’re right in the end,” he told us. “Covid did increase the demand for our services in Sweden as well.” 

Lan For Deg AS

When we turned our sights towards to Sweden’s neighbor, Norway, we found another interesting company to showcase. Lan For Deg is a financial service that specializes in loans. We were very fortunate to get access to their CEO Kjell Amund for an interview. 

“How Covid has impacted our business is an interesting question. In the beginning, we actually saw a decrease in the number of people who want to get good offers on loans, specifically personal loans. As the national and global situation became more dire, people were more hesitant about spending or loaning money.” 

In the same way that IP-Only Telecommunication didn’t see an immediate spike in demand for their services as the pandemic rushed in, Lan For Deg experienced a similar situation. “It was alright that the demand went down a bit for personal loans, as mortgages were going stronger than ever before. We believe this happened because of the rise in home prices, but we’re ascertain about whether Covid had a part to play in this.” 

One product in particular that seems to be gaining a lot of attention at Lan For Deg these days is billige forbrukslån på dagen. It’s a personal loan that can be given on the same day, and after bumping into it several times on the website, we asked Kjell Amund to tell us more about it, to which he replied, “We have seen increased demand and inquiries about personal loans. Many of our new clients have actually reached out to us in order to get a loan fast lately, since, given the improving pandemic situation in the world and people’s optimism, more want to go on spontaneous travels before restrictions might come in again.”

The general tendency leans towards increase

Very interesting! It’s clear from these two cases that whereas the amount of business might not have shot through the roof for these Scandinavian companies, the demand for their services seems to have been edged towards an increase during the pandemic.