BITTNET SYSTEMS SA (hereinafter referred to as the “Company” / “Issuer” / “Group”) informs investors and interested parties about the availability of the IFRS consolidated financial results, preliminary, unaudited, related to the year 2023.
The report includes the Letter from the CEO, the Group’s activities in 2023, the analysis and comparative results for each of the four business units – Education, Digital Infrastructure, Cybersecurity, Platforms & software – the context and business prospects for the future as well as the indicative budget proposal for the year 2024.
The report is available in html format, easy to navigate by section, direct link here, as well as in pdf format, attached to this current report.
Key indicators for 2023:
- Revenues : 383 million ron (+100% vs 2022)
- Gross margin: 65 million ron (+53% vs 2022)
- Operating profit: 12 million ron (+46% vs 2022)
- Gross profit: 1.6 million ron (versus a loss of 2 million ron in 2022)
- Cash flow generated from operating activity: +61 million ron
- Cash position on December 31: 73.3 million ron
- Equity: 91 million ron (+59% versus 2022)
Conference for analysts & investors: The conference call to present the preliminary unaudited financial results will take place on Tuesday, February 27, 2023, starting at 11:00 a.m. Romanian time (EET). The public access link is available HERE.