We make available to investors the quarterly report in the form of a web page, easy to follow and navigate only to the relevant sections for each reader. Use the Menu on the right to navigate between sections of the report!

We invite you to send us your opinion about this reporting format to the email address investors@bittnet.ro

Letter from the CEO

Along the years, together with many other global investors and managers, we have expressed our concern and questioned whether the quarterly results really bring value to investors especially in these times of significant changes. We believe that the quarterly reports risk shifting the attention of both management and shareholders from the longterm vision to the short-term vision and the achievement of the quarterly objectives. Thus, even if the financial statements published according to the regulations deal only with the 3-month period between January 1 and March 31 (2021 vs. 2020), in this letter we will analyze the results in the annualized perspective – Trailing Twelve Months (TTM), which includes the period of 12 months, respectively the period between 01.04.2020 and 31.03.2021.

We are confident in the results we have presented today, both in comparison with previous years and in relation to the proposed targets for the whole 2021. As always, we remain open to receive your feedback or answer any questions at investors@bittnet.ro.