{"id":15456,"date":"2022-02-17T16:36:10","date_gmt":"2022-02-17T14:36:10","guid":{"rendered":"https:\/\/investors.bittnet.ro\/current-and-historical-financial-results\/4q-2021\/events-in-the-technology-division\/"},"modified":"2022-02-25T11:14:12","modified_gmt":"2022-02-25T09:14:12","slug":"events-in-the-technology-division","status":"publish","type":"page","link":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/events-in-the-technology-division\/","title":{"rendered":"Events in the Technology Division"},"content":{"rendered":"

Events in the Technology Division<\/h1>\n<\/div><\/div>
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If we were to describe 2021 in one sentence, we can certainly say that this year was a year of contrasts<\/strong>. On the one hand, for the entire (local but also global) business environment, 2021 was a year of hope – to overcome the health crisis, to stop \/ overcome its effects and, why not, to start a new normality – respectively increasing the stability and business predictability.<\/p>\n

On the other hand, this hope was doubled by a much more \u201cindecisive\u201d, more unpredictable reality, in which successive pandemic waves, local political instability but also much deeper effects of the global crisis continued to show their presence.<\/p>\n<\/div><\/div>

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In this context of low predictability, the technology division of the Bittnet group managed to capitalize on certain trends in order to obtain both a significant increase in the gross margin generated: from RON 13.7 to 17.3 million but also a significant increase in operating profits generated (an 167% increase), in the conditions of a marginal increase of the turnover.<\/p>\n<\/div><\/div>

<\/div>
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n\n

31.Dec.21<\/strong><\/p>\n<\/td>\n

\n

31.Dec.20<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
Revenues <\/strong><\/td>\n\n

98,434,367<\/u><\/strong><\/p>\n<\/td>\n

\n

96,397,656<\/u><\/strong><\/p>\n<\/td>\n

\n

2.1%<\/strong><\/p>\n<\/td>\n<\/tr>\n

Service providing<\/td>\n\n

24,477,417<\/p>\n<\/td>\n

\n

19,270,712<\/p>\n<\/td>\n

\n

27%<\/p>\n<\/td>\n<\/tr>\n

Sale of goods<\/td>\n\n

73,956,950<\/p>\n<\/td>\n

\n

77,126,944<\/p>\n<\/td>\n

\n

-4.1%<\/p>\n<\/td>\n<\/tr>\n

Cost of sales <\/strong><\/td>\n81,128,573<\/u><\/strong><\/td>\n\n

82,701,173<\/u><\/strong><\/p>\n<\/td>\n

\n

-1.9%<\/strong><\/p>\n<\/td>\n<\/tr>\n

Goods\/materials<\/td>\n\n

63,705,398<\/p>\n<\/td>\n

\n

68,303,617<\/p>\n<\/td>\n

\n

-6.7%<\/p>\n<\/td>\n<\/tr>\n

Cloud services<\/td>\n\n

5,491,123<\/p>\n<\/td>\n

\n

5,178,219<\/p>\n<\/td>\n

\n

6.0%<\/p>\n<\/td>\n<\/tr>\n

Hours\/worker<\/td>\n\n

11,932,052<\/p>\n<\/td>\n

\n

9,219,337<\/p>\n<\/td>\n

\n

29.4%<\/p>\n<\/td>\n<\/tr>\n

Gross margin<\/strong><\/td>\n\n

17,305,794<\/strong><\/p>\n<\/td>\n

\n

13,696,483<\/strong><\/p>\n<\/td>\n

\n

26.4%<\/strong><\/p>\n<\/td>\n<\/tr>\n

Other revenues<\/strong><\/td>\n\n

2,824,219<\/strong><\/p>\n<\/td>\n

\n

148.284<\/strong><\/p>\n<\/td>\n

\n

1804.6%<\/strong><\/p>\n<\/td>\n<\/tr>\n

Sales\/distribution expenses<\/strong><\/td>\n\n

5,624,408<\/u><\/strong><\/p>\n<\/td>\n

\n

5,203,157<\/u><\/strong><\/p>\n<\/td>\n

\n

8.1%<\/strong><\/p>\n<\/td>\n<\/tr>\n

Hours\/worker<\/td>\n\n

4,878,758<\/p>\n<\/td>\n

\n

4,636,923<\/p>\n<\/td>\n

\n

5.2%<\/p>\n<\/td>\n<\/tr>\n

Advertisement<\/td>\n\n

745.650<\/p>\n<\/td>\n

\n

566.234<\/p>\n<\/td>\n

\n

31.7%<\/p>\n<\/td>\n<\/tr>\n

Administrative expenses<\/strong><\/td>\n\n

6,836,056<\/u><\/strong><\/p>\n<\/td>\n

\n

5,773,911<\/u><\/strong><\/p>\n<\/td>\n

\n

18.4%<\/strong><\/p>\n<\/td>\n<\/tr>\n

Hours\/worker<\/td>\n\n

3,259,951<\/p>\n<\/td>\n

\n

3,332,564<\/p>\n<\/td>\n

\n

-2.2%<\/p>\n<\/td>\n<\/tr>\n

Amortization<\/td>\n\n

1,073,068<\/p>\n<\/td>\n

\n

1,436,348<\/p>\n<\/td>\n

\n

-25.3%<\/p>\n<\/td>\n<\/tr>\n

Other third party services<\/td>\n\n

1,200,910<\/p>\n<\/td>\n

\n

551.355<\/p>\n<\/td>\n

\n

117.8%<\/p>\n<\/td>\n<\/tr>\n

Other expenditures<\/td>\n\n

403,299<\/p>\n<\/td>\n

\n

200,409<\/p>\n<\/td>\n

\n

101.2%<\/p>\n<\/td>\n<\/tr>\n

EBIT<\/strong><\/td>\n\n

7,669,549<\/strong><\/p>\n<\/td>\n

\n

2,867,698<\/strong><\/p>\n<\/td>\n

\n

167.4%<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div>

<\/div>

A major advantage of the way the technology division is structured is the coverage of a wide range of IT products and services, with a high degree of resilience to prolonged crises. In this sense, the fact that we include in the technology division both the implementation of platforms and hardware products, strongly affected by the semiconductor crisis (details below), but also significant components of high value-added services, such as audit services and infrastructure consulting Complex IT or services in the area of business applications and artificial intelligence, has led to greater stability of the entire business model.<\/p>\n<\/div><\/div>

<\/div>

We can note the following trends that created in 2021 and will create in 2022 a significant impact on the activity of the technology division:<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n<\/div><\/div>

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