Credit: BFF Architectes

On Thursday 3 July 2025, LuxConnect presented its annual results for the financial year 2024, recording a net result of €8.7 million.

As part of its "ongoing commitment to excellence and continuous investment in critical digital infrastructure", LuxConnect has announced a net result of €8.7 million for the financial year 2024. Revenue grew by 20% to €42 million, marking a "significant improvement" over previous years and "underscoring the company's operational strength and financial resilience", LuxConnect stated in a press release.

The company said this strong performance confirms its strategic role in the national digital landscape and its mission to support the Luxembourg economy by providing high-quality data centre and advanced connectivity infrastructure. Directly linked to this result, the company is "in a stronger position than ever to continue investing in the digital sector, thereby contributing tangibly to the competitiveness and attractiveness of Luxembourg as a digital hub".

"This result demonstrates the strategic relevance of LuxConnect in the national digital ecosystem," said Paul Konsbruck, CEO of LuxConnect. "Our growth allows us to reinvest in the technologies, services and infrastructure that are essential to Luxembourg’s continued digital and economic development."

Recently, the company intensified investments across several key areas, including:

  • the construction of a new administrative building that will house all LuxConnect subsidiaries (LuxProvide SA and Clarence SA) under one roof and provide more office space for customers;
  • the continued rollout of the the IRIS² (Infrastructure for Resilience, Interconnectivity and Security by Satellite) project, led by the European Union;
  • strategic investments in its Dark Fiber network;
  • enhancements to the Bissen campus in preparation for MeluXina AI and Quantum computing deployments;
  • the modernisation of technological platforms to maintain operational excellence while advancing our environmental sustainability objectives.

LuxConnect said this financial momentum is further supported by a new phase in its governance. In June 2025, LuxConnect announced a transition in the leadership of its Board of Directors. After serving as Chair of the Board for several years, Jacques Thill, Government Advisor, has stepped down from his role. LuxConnect extended its "sincere appreciation" to Mr Thill for his "invaluable contributions". He will continue to serve as a member of the Board.

Reflecting on the company’s recent achievements, Jacques Thill stated: "I am proud of the results the company has achieved and the direction it is taking. LuxConnect plays an essential role in Luxembourg’s digital infrastructure, and its continued evolution is both necessary and encouraging."

Michel Asorne, Deputy Director at the Ministry of State's Department of Media, Connectivity and Digital Policy, has been appointed the new Chair of the Board of Directors. LuxConnect said his appointment marks a new chapter in the company's governance and strategic development. "LuxConnect looks forward to working with him in support of the company's long-term mission and national strategic priorities," the press release continued.

Commenting on his appointment, Michel Asorne stated: "LuxConnect's excellent financial health confirms its key role as an infrastructure enabler for the country. The company is well positioned to support Luxembourg's digital ambitions through sustained investments in current and future projects."

LuxConnect, a private company with the Luxembourg State as its sole shareholder, aims to strengthen the economy by a unique offer in infrastructure and services. The largest operator of data centre infrastructure in Luxembourg has fulfilled dual roles since its establishment in 2006 - acting as a welcoming facilitator for foreign companies entering Luxembourg and as a promoter strengthening the local ICT ecosystem.