Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs shareholders about the availability of the Preliminary Results for the fiscal year 2018, attached to this current report and published on the Company’s website.
Key highlights 2018
- Bittnet moves from a company to a group structure with threshold: 100% Dendrio Solutions, 51% Elian Solutions, 25% Equatorial Gaming
- Business transfer of the IT&C integration division – Crescendo International
- 2 new bond issues BNET23 – RON 4.7 mil ( BSE listed Nov 2018); BNET23A – RON 9.7 mil (BSE listed Febr 2019)
- 2 capital increase operations: with free shares (allocation ratio 3:5, free shares vs old shares) + new cash infusion: RON 2.9 mil
- +55% increase of BNET shares value in 2018
- The most liquid AeRO-ATS share: 3500 transactions (35% free-float)
- Awards: The most active company in the use of stock market mechanisms in 2018 – BVB Gala ISEY2019 (Febr 2019); The most traded company on AeRO-ATS – Broker Association Gala (Dec 2018); Best Investors Relations Team – CEE Capital Markets & Fintech Awards (Warsaw, Sept 2018); finalists at the EY Entrepreneur of the Year Gala (Feb 2019)
Perspectives 2019:
- Net group turnover: RON 120 mil
- Profit allocation proposal: Increase equity with free stock (1: 1 allocation rate, free shares vs shares held)
- Capital increase with new cash contributions: RON 7-12 mil RON
- BSE Main Market
- BNET19 bonds call option
Financial information 2018:
- Group revenue: RON 53 mil (+21% vs 2017)
- Net profit: RON 4,88 mil (+177% vs 2017)
- Total assets: RON 63.1 mil (+101% vs 2017)
- Equity: RON 14 mil (+124% vs 2017)
The preliminary report can be consulted at the link below:
Preliminary report 2018 – engl