{"id":12473,"date":"2021-05-14T17:17:59","date_gmt":"2021-05-14T14:17:59","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?page_id=12473"},"modified":"2022-02-24T19:16:44","modified_gmt":"2022-02-24T17:16:44","slug":"q1-2021-report-letter-from-the-ceo","status":"publish","type":"page","link":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q1-2021-report-letter-from-the-ceo\/","title":{"rendered":"1. Q1 2021 Report – Letter from the CEO"},"content":{"rendered":"

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!<\/p>\n

We invite you to send us your opinion about this reporting format to the email address investors@bittnet.ro<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>

Letter from the CEO<\/h2>\n

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

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