{"id":18181,"date":"2022-08-25T17:59:29","date_gmt":"2022-08-25T14:59:29","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?page_id=18181"},"modified":"2022-08-26T18:01:56","modified_gmt":"2022-08-26T15:01:56","slug":"analiza-activitatii-societatii-comerciale","status":"publish","type":"page","link":"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/","title":{"rendered":"Analiza activitatii societatii comerciale"},"content":{"rendered":"<section class=\"l-section wpb_row height_small\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-8 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_2661b328 has_text_color\"><div class=\"wpb_wrapper\"><h1>Analiza activitatii societatii comerciale<\/h1>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"w-separator size_small\"><\/div><div class=\"w-tabs style_default switch_click accordion has_scrolling\" style=\"--sections-title-size:inherit\"><div class=\"w-tabs-sections titles-align_none icon_chevron cpos_right\"><div class=\"w-tabs-section\" id=\"m1fc\"><button class=\"w-tabs-section-header\" aria-controls=\"content-m1fc\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">Prezentarea \u015fi analizarea tendin\u0163elor, elementelor, evenimentelor sau factorilor de incertitudine ce afecteaz\u0103 sau ar putea afecta lichiditatea societ\u0103\u0163ii comerciale, comparativ cu aceea\u015fi perioad\u0103 a anului trecut<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-m1fc\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_432d3f53\"><div class=\"wpb_wrapper\"><p>Nu exist\u0103 diferen\u021be semnificative \u00eentre mediul de business \u00een care activ\u0103m \u00een 2022 versus 2021 din punct de vedere al efectelor poten\u021biale asupra indicatorilor de lichiditate ai grupului. Ca dovad\u0103 at\u00e2t lichiditatea c\u00e2t \u0219i durata medie de \u00eencasare a clien\u021bilor \u00eenregistreaz\u0103 valori similare cu cele \u00eenregistrate anterior:<\/p>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><table id=\"table-1\" class=\"investors-table\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: right;\"><strong>Rat\u0103<\/strong><\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\"><strong>Formul\u0103<\/strong><\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\"><strong>S1 2018<\/strong><\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\"><strong>S1 2019<\/strong><\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\"><strong>S1 2020<\/strong><\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\"><strong>S1 2021<\/strong><\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\"><strong>S1 2022<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: right;\">Rata lichidid\u0103\u021bii curente<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">Active circulante \/ Datorii curente<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">1.43<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">2.27<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">1.52<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">1.84<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">1.46<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: right;\">Rata lichidit\u0103\u021bii rapide<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">(Active circulante &#8211; Stocuri) \/ Datorii curente<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">1.34<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">2.22<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">1.41<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">1.79<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">1.39<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: right;\">Durata medie incasare a clientilor (DSO)<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">Sold Clienti \/ Cifra de afaceri * 180<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">130<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">112<\/p>\n<\/td>\n<td>\n<p style=\"text-align: right;\">110<\/p>\n<\/td>\n<td>91<\/td>\n<td>\n<p style=\"text-align: right;\">100<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"wpb_text_column us_custom_432d3f53\"><div class=\"wpb_wrapper\"><p>Lichiditatea curent\u0103 \u0219i lichiditatea rapid\u0103 reprezint\u0103 dou\u0103 dintre cele mai importante rate financiare ale unei companii \u0219i masoar\u0103 capacitatea acesteia de a pl\u0103ti datoriile pe termen scurt utiliz\u00e2nd activele disponibile pe termen scurt.<\/p>\n<p>Nivelul ridicat al ratelor lichidit\u0103\u021bii presupune o pondere redus\u0103 a activelor fixe \u0219i o perioad\u0103 mai scurt\u0103 pentru valorificarea serviciilor v\u00e2ndute de c\u0103tre companie care se traduce printr-o utilizare mai eficient\u0103 a capitalului de lucru. \u00cen situa\u021bia de fa\u021b\u0103 activitatea curent\u0103 \u0219i capitalul de lucru nu sunt dependente de finan\u021barea din creditele pe termen scurt.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"f3b2\"><button class=\"w-tabs-section-header\" aria-controls=\"content-f3b2\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">Prezentarea \u015fi analizarea efectelor asupra situa\u0163iei financiare a societ\u0103\u0163ii comerciale a tuturor cheltuielilor de capital, curente sau anticipate (preciz\u00e2nd scopul \u015fi sursele de finan\u0163are a acestor cheltuieli), comparativ cu aceea\u015fi perioad\u0103 a anului trecut<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-f3b2\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_432d3f53\"><div class=\"wpb_wrapper\"><p>\u00cen AGEA din Noiembrie 2020 conducerea Societ\u0103\u021bii a fost mandatat\u0103 s\u0103 contracteze un nou spa\u021biu de birouri, \u00een valoare maxima a chiriei totale aferente \u00eentregului spa\u021biu de birouri de 500.000 (cincisutemii) Euro pe an, reprezent\u00e2nd pre\u021b \u2018all inclusive\u201d (mentenan\u021b\u0103, servicii adi\u021bionale, f\u0103r\u0103 a fi incluse costurile de amenajare, relocare, utilit\u0103\u021bi etc.); pentru o durat\u0103 maxim\u0103 a loca\u021biunii este de 5 (cinci) ani de la semnarea contractului, cu posibilitatea de prelungire a acestuia. Societatea a \u00eencheiat un astfel de contract cu One United Properties, pentru un spa\u021biu \u00een cladirea One Cotroceni Park.<\/p>\n<p>\u00cencep\u00e2nd din H1 2022 acest contract a \u00eenceput sa fie contabilizat \u2013 gener\u00e2nd apari\u021bia unui activ \u0219i a unei datorii pe termen lung \u00een valoare de 18 milioane lei, conform IFRS16. Acestea nu sunt achizi\u021bii reale de active.<\/p>\n<p>\u00cen schimb, \u00een cursul H1 2022, grupul nostru a \u00eenceput s\u0103 efectueze diverse investi\u021bii pentru amenajarea acestui spa\u021biu \u2013 \u00een valoare de aproximativ 1.5 milioane lei. Acestea sunt achizi\u021bii efective de active.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"l6f3\"><button class=\"w-tabs-section-header\" aria-controls=\"content-l6f3\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">Prezentarea \u015fi analizarea evenimentelor, tranzac\u0163iilor, schimb\u0103rilor economice care afecteaz\u0103 semnificativ veniturile din activitatea de baz\u0103. Precizarea m\u0103surii \u00een care au fost afectate veniturile de fiecare element identificat. Compara\u0163ie cu perioada corespunz\u0103toare a anului trecut<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-l6f3\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_432d3f53\"><div class=\"wpb_wrapper\"><h4>Divizia de Tehnologie<\/h4>\n<p>Evolu\u021bia companiilor din divizia de tehnologie a fost influen\u021bat\u0103 de urm\u0103torii factori:<\/p>\n<ul>\n<li>Contextul geo-politic complex, care a dus la o cre\u0219tere semnificativ\u0103 a num\u0103rului de atacuri cibernetice, coroborat cu reglement\u0103rile introduse la nivel european (cum ar fi verificarea identit\u0103\u021bii de la distan\u021b\u0103 &#8211; eIDAS, sau directiva NIS) au accelerat cererea companiilor din pia\u021b\u0103 pentru serviciile de securitate cibernetic\u0103 &#8211; \u00een cazul GRX;<\/li>\n<li>Automatizarea proceselor de livrare (\u00een cazul Optimizor) dar \u0219i reg\u00e2ndirea opera\u021biunilor de planificare \u0219i livrare \u0219i introducerea unor indicatori opera\u021bionali (\u00een cazul Elian Solutions) , au dus la o cre\u0219tere sustenabil\u0103 a afacerilor celor dou\u0103 companii. Cre\u0219terea din acest semestru reflect\u0103 de asemenea eforturile depuse pe o perioad\u0103 semnificativ mai lung\u0103 (de exemplu Optimizor a \u00eenceput s\u0103 se concentreze exclusiv pe livrarea de servicii de tip managed din 2020) &#8211; acest efort \u00eencep\u00e2nd s\u0103 creeze efecte \u00een afacerile companiilor din acest semestru;<\/li>\n<li>\u00cen cazul Dendrio, pia\u021ba de tehnologie (\u00een special pentru companiile care au o component\u0103 semnificativ\u0103 de hardware, cum este Dendrio) continu\u0103 s\u0103 fie afectat\u0103 de disfunc\u021bionalit\u0103\u021bi ale lan\u021burilor de aprovizionare \u2013 fapt ce se transpune mai departe \u00eentr-o sezonalitate diferit\u0103 (mai greu predictibil\u0103) fa\u021b\u0103 de perioadele anterioare. De asemenea se transpune \u00een cicluri de livrare extinse, care produc \u0219i o mutare a profitabilit\u0103\u021bii companiei spre finalul anului;<\/li>\n<li>Nu \u00een ultimul r\u00e2nd, re-\u00eennoirea unui contract semnificativ in luna Iulie (\u0219i nu in cursul lunii Iunie, cum a fost cazul \u00een perioada 2019 &#8211; 2021), a produs un impact dispropor\u021bionat \u00een T2. Bine\u00een\u021beles, reg\u0103sim acest contract \u00een T3 &#8211; evolu\u021bia la nivel de an r\u0103m\u00e2n\u00e2nd neafectat\u0103.<\/li>\n<\/ul>\n<h4>Divizia de Educa\u021bie<\/h4>\n<p>\u00cen continuare prezent\u0103m elementele care au influen\u021bat evolu\u021bia veniturilor:<\/p>\n<ol>\n<li><strong>\u00ceNCEPEREA PROIECTELOR PE FONDURI EUROPENE LUCRATE \u00ceN 2020 \u0218I 2021<\/strong> &#8211; \u00eenc\u0103 din toamna lui 2020 au fost lansate \u00een licita\u021bie mai multe proiecte de educa\u021bie pe fonduri UE adresate companiilor mari, interesate s\u0103-\u0219i dezvolte abilit\u0103\u021bile digitale ale angaja\u021bilor. Am participat la o parte mare din acestea \u0219i am reu\u0219it s\u0103 c\u00e2\u0219tig\u0103m proiecte la Distribu\u021bie Energie Oltenia, Orange, Dacia-Renault si OMV-Petrom, fiecare dintre ele contribuind semnificativ la veniturile din acest semestru. Proiectele sunt planificate s\u0103 fie livrate \u00een totalitate p\u00e2n\u0103 la finalul anului.<\/li>\n<li><strong>PROIECTELE DIN SECTORUL PUBLIC <\/strong>\u2013 anul acesta am reu\u0219it s\u0103 intr\u0103m \u00een proiecte de cloud \u0219i cyber-security adresate sectorul public (ministere, agen\u021bii guvernamentale \u0219i unit\u0103\u021bi militare) ceea ce a generat un revenue stream pe care nu l-am avut p\u00e2n\u0103 acum de-o manier\u0103 semnificativ\u0103, \u0219i poate mai important oportunit\u0103\u021bi de viitor<\/li>\n<li><strong>SCHIMBAREA MODELULUI OPERA\u021aIONAL<\/strong> &#8211; pentru a r\u0103spunde schimb\u0103rilor generate de pandemie, \u0219i pentru a putea capitaliza pe oportunit\u0103\u021bile de pia\u021b\u0103 am schimbat semnificativ modelul de business \u0219i arhitectura organiza\u021biei. Aceste schimb\u0103ri au \u00eenceput s\u0103 produc\u0103 efecte pozitive \u00een sensul \u00een care gener\u0103m mai mult ca niciodat\u0103 business cu clien\u021bi noi, clien\u021bi care vor continua s\u0103 genereze venituri \u0219i \u00een anii urm\u0103tori.<\/li>\n<\/ol>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-4 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><nav class=\"w-menu layout_ver style_blocks us_menu_1 with_children\" style=\"--main-gap:1.5rem;--main-ver-indent:0.8em;--main-hor-indent:0.8em;--main-bg-color:#f5f5f5;--main-color:inherit;--main-hover-bg-color:#8dbe65;--main-hover-color:#ffffff;--main-active-bg-color:#8dbe65;--main-active-color:#ffffff;--sub-gap:5px;\"><div class=\"menu\"><ul><li class=\"page_item page-item-14744\"><a href=\"https:\/\/investors.bittnet.ro\/en\/10-years-of-advisory-board-at-bittnet\/\">10 years of Advisory Board at Bittnet<\/a><\/li><li class=\"page_item page-item-5774\"><a href=\"https:\/\/investors.bittnet.ro\/en\/error-404\/\">404 Error<\/a><\/li><li class=\"page_item page-item-1461 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bittnet-group\/\">About<\/a><ul class='children'><li class=\"page_item page-item-1316\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bittnet-group\/corporate-governance\/\">Corporate Governance<\/a><\/li><li class=\"page_item page-item-6795\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bittnet-group\/history\/\">History<\/a><\/li><li class=\"page_item page-item-7662 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bittnet-group\/key-figures\/\">Key figures<\/a><ul class='children'><li class=\"page_item page-item-6800\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bittnet-group\/key-figures\/individual-results\/\">Individual results<\/a><\/li><li class=\"page_item page-item-7666\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bittnet-group\/key-figures\/consolidated-results\/\">Consolidated results<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-351\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bittnet-group\/management\/\">Management<\/a><\/li><li class=\"page_item page-item-6802\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bittnet-group\/shareholders-testimonials\/\">Shareholders\u2019 Testimonials<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-358\"><a href=\"https:\/\/investors.bittnet.ro\/en\/advisory-committees\/\">Advisory Committees<\/a><\/li><li class=\"page_item page-item-672\"><a href=\"https:\/\/investors.bittnet.ro\/en\/aero-bnet-chart\/\">AeRO BNET Chart<\/a><\/li><li class=\"page_item page-item-8125\"><a href=\"https:\/\/investors.bittnet.ro\/en\/aga-2020\/\">AGA 2020<\/a><\/li><li class=\"page_item page-item-8262\"><a href=\"https:\/\/investors.bittnet.ro\/en\/agenda-bittnet-investor-day-2020\/\">Agenda Bittnet Investor Day 2020<\/a><\/li><li class=\"page_item page-item-9653\"><a href=\"https:\/\/investors.bittnet.ro\/en\/analysts-coverage\/\">Analyst Coverage<\/a><\/li><li class=\"page_item page-item-6721\"><a href=\"https:\/\/investors.bittnet.ro\/en\/annual\/\">Annual<\/a><\/li><li class=\"page_item page-item-2102\"><a href=\"https:\/\/investors.bittnet.ro\/en\/annual-report-2014\/\">Annual Report 2014<\/a><\/li><li class=\"page_item page-item-2100\"><a href=\"https:\/\/investors.bittnet.ro\/en\/annual-report-2015\/\">Annual Report 2015<\/a><\/li><li class=\"page_item page-item-2098\"><a href=\"https:\/\/investors.bittnet.ro\/en\/annual-report-2016\/\">Annual Report 2016<\/a><\/li><li class=\"page_item page-item-2096\"><a href=\"https:\/\/investors.bittnet.ro\/en\/annual-reports\/\">Annual Reports<\/a><\/li><li class=\"page_item page-item-835\"><a href=\"https:\/\/investors.bittnet.ro\/en\/april-28th-shareholder-meeting-procedures\/\">April 28th Shareholder Meeting Procedures<\/a><\/li><li class=\"page_item page-item-424\"><a href=\"https:\/\/investors.bittnet.ro\/en\/articles-of-association\/\">Articles of association<\/a><\/li><li class=\"page_item page-item-363\"><a href=\"https:\/\/investors.bittnet.ro\/en\/auditor\/\">Auditor<\/a><\/li><li class=\"page_item page-item-382\"><a href=\"https:\/\/investors.bittnet.ro\/en\/authorized-adviser\/\">Authorized Adviser<\/a><\/li><li class=\"page_item page-item-13483\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bittnet-group-structure\/\">Bittnet Group structure<\/a><\/li><li class=\"page_item page-item-3728\"><a href=\"https:\/\/investors.bittnet.ro\/en\/blog-classic-grid\/\">Blog &#8211; Classic Grid<\/a><\/li><li class=\"page_item page-item-9391\"><a href=\"https:\/\/investors.bittnet.ro\/en\/raport-bnet-semestrul-1-2020\/\">BNET H1 2020 half yearly report<\/a><\/li><li class=\"page_item page-item-23584\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bnet28a-initial-public-offering-of-corporate-bonds\/\">BNET28A: Initial Public Offering of corporate bonds<\/a><\/li><li class=\"page_item page-item-8011\"><a href=\"https:\/\/investors.bittnet.ro\/en\/board-of-directors\/\">Board of Directors<\/a><\/li><li class=\"page_item page-item-6850 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bonds\/\">Bonds<\/a><ul class='children'><li class=\"page_item page-item-6866\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bonds\/bnet23c-repaid-at-maturity\/\">BNET23C (repaid at maturity)<\/a><\/li><li class=\"page_item page-item-6868\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bonds\/bnet23a\/\">BNET23A<\/a><\/li><li class=\"page_item page-item-21837\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bonds\/bnet26e\/\">BNET26E<\/a><\/li><li class=\"page_item page-item-6870\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bonds\/bnet22-repaid-at-maturity\/\">BNET22 (repaid at maturity)<\/a><\/li><li class=\"page_item page-item-6872\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bonds\/bnet23\/\">BNET23<\/a><\/li><li class=\"page_item page-item-21834\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bonds\/bnet27a\/\">BNET27A<\/a><\/li><li class=\"page_item page-item-6874\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bonds\/bnet19-repaid-in-advance\/\">BNET19 (repaid in advance)<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-10747\"><a href=\"https:\/\/investors.bittnet.ro\/en\/calculator-investitie\/\">Calculator investitie<\/a><\/li><li class=\"page_item page-item-19886\"><a href=\"https:\/\/investors.bittnet.ro\/en\/bnetr16-offer\/\">Capital increase with new cash contributions BNET: January &#8211; March 2023<\/a><\/li><li class=\"page_item page-item-390\"><a href=\"https:\/\/investors.bittnet.ro\/en\/capital-market-institution\/\">Capital Market Institution<\/a><\/li><li class=\"page_item page-item-6679\"><a href=\"https:\/\/investors.bittnet.ro\/en\/category\/\">category<\/a><\/li><li class=\"page_item page-item-8367\"><a href=\"https:\/\/investors.bittnet.ro\/en\/consolidated-financial-data-ifrs\/\">Consolidated Financial Data &#8211; IFRS<\/a><\/li><li class=\"page_item page-item-378\"><a href=\"https:\/\/investors.bittnet.ro\/en\/contact\/\">Contact<\/a><\/li><li class=\"page_item page-item-5807 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/\">Content Elements<\/a><ul class='children'><li class=\"page_item page-item-1086\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/accordion\/\">Accordion &#038; Toggles<\/a><\/li><li class=\"page_item page-item-5802\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/actionbox\/\">ActionBox<\/a><\/li><li class=\"page_item page-item-1190\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/button\/\">Button<\/a><\/li><li class=\"page_item page-item-3978\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/chart\/\">Chart<\/a><\/li><li class=\"page_item page-item-5808\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/counter\/\">Counter<\/a><\/li><li class=\"page_item page-item-6415\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/flipbox\/\">FlipBox<\/a><\/li><li class=\"page_item page-item-1158\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/iconbox\/\">IconBox<\/a><\/li><li class=\"page_item page-item-1129\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/gallery\/\">Image Gallery<\/a><\/li><li class=\"page_item page-item-1146\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/slider\/\">Image Slider<\/a><\/li><li class=\"page_item page-item-6429\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/interactive-text\/\">Interactive Text<\/a><\/li><li class=\"page_item page-item-4547\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/logos-showcase\/\">Logos Showcase<\/a><\/li><li class=\"page_item page-item-3981\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/map\/\">Map<\/a><\/li><li class=\"page_item page-item-4552\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/message-box\/\">Message Box<\/a><\/li><li class=\"page_item page-item-4554\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/person\/\">Person<\/a><\/li><li class=\"page_item page-item-5806\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/popup\/\">Popup<\/a><\/li><li class=\"page_item page-item-1177\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/pricing-table\/\">Pricing Table<\/a><\/li><li class=\"page_item page-item-3971\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/progress-bar\/\">Progress Bar<\/a><\/li><li class=\"page_item page-item-5805\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/columns\/\">Responsive Columns<\/a><\/li><li class=\"page_item page-item-1306\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/separator\/\">Separator<\/a><\/li><li class=\"page_item page-item-3976\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/sharing-buttons\/\">Sharing Buttons<\/a><\/li><li class=\"page_item page-item-5889\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/image\/\">Single Image<\/a><\/li><li class=\"page_item page-item-1421\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/social-links\/\">Social Links<\/a><\/li><li class=\"page_item page-item-1096\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/tabs\/\">Tabs<\/a><\/li><li class=\"page_item page-item-1413\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/testimonials\/\">Testimonials<\/a><\/li><li class=\"page_item page-item-3856\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/tour\/\">Tour<\/a><\/li><li class=\"page_item page-item-1120\"><a href=\"https:\/\/investors.bittnet.ro\/en\/elements\/video-player\/\">Video Player<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-419 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/corporate-policies\/\">Corporate policies<\/a><ul class='children'><li class=\"page_item page-item-1769\"><a href=\"https:\/\/investors.bittnet.ro\/en\/corporate-policies\/aero-principles-compliance-statement\/\">AeRO Principles Compliance Statement<\/a><\/li><li class=\"page_item page-item-1754\"><a href=\"https:\/\/investors.bittnet.ro\/en\/corporate-policies\/dividend-policy\/\">Dividend Policy<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-6701\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current\/\">Current<\/a><\/li><li class=\"page_item page-item-10044 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/\">Current and historical financial results<\/a><ul class='children'><li class=\"page_item page-item-12473\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q1-2021-report-letter-from-the-ceo\/\">1. Q1 2021 Report &#8211; Letter from the CEO<\/a><\/li><li class=\"page_item page-item-12675 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2-report-according-to-reg-5-2018\/\">2. Report according to Reg. 5 \/2018<\/a><ul class='children'><li class=\"page_item page-item-12481\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2-report-according-to-reg-5-2018\/economic-and-financial-indicators\/\">2.1. Economic and financial indicators<\/a><\/li><li class=\"page_item page-item-12491\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2-report-according-to-reg-5-2018\/2-2-general-description-of-the-financial-position-and-performance-of-the-issuer-and-its-subsidiaries-in-the-relevant-time-period\/\">2.2. General description of the financial position and performance of the issuer and its subsidiaries in the relevant time period<\/a><\/li><li class=\"page_item page-item-12647\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2-report-according-to-reg-5-2018\/2-3-analysis-per-business-segment\/\">2.3. Analysis per business segment<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-9449\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2020-2\/\">2020<\/a><\/li><li class=\"page_item page-item-13557\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2q-2021\/\">2q-2021<\/a><\/li><li class=\"page_item page-item-12510\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3-annex-1\/\">3. Annex 1<\/a><\/li><li class=\"page_item page-item-12562\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/5-download-files__trashed\/\">5. Download files<\/a><\/li><li class=\"page_item page-item-10055 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/\">BNET report 9 months 2020<\/a><ul class='children'><li class=\"page_item page-item-10063 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/2-presentation-of-the-operational-activity\/\">2. Presentation of the Operational Activity<\/a><ul class='children'><li class=\"page_item page-item-10076\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/2-presentation-of-the-operational-activity\/2-1-technology-division\/\">2.1. Technology Division<\/a><\/li><li class=\"page_item page-item-10086\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/2-presentation-of-the-operational-activity\/2-2-education-division\/\">2.2. Education Division<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-10129\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/an-annual-outlook-on-financial-results\/\">An annual outlook on financial results<\/a><\/li><li class=\"page_item page-item-10150\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/consolidated-financial-statements-september-30-2020\/\">Consolidated Financial Statements September 30, 2020<\/a><\/li><li class=\"page_item page-item-10134\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/indicators-according-to-annex-13-reg-asf-5-2018\/\">Indicators according to Annex 13 Reg. ASF 5\/2018<\/a><\/li><li class=\"page_item page-item-10094 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/key-elements-of-financial-statements\/\">Key elements of financial statements<\/a><ul class='children'><li class=\"page_item page-item-10098\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/key-elements-of-financial-statements\/3-1-financial-results-education-division\/\">3.1. Financial results Education Division<\/a><\/li><li class=\"page_item page-item-10104\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/key-elements-of-financial-statements\/3-2-financial-results-technology-division\/\">3.2. Financial results Technology Division<\/a><\/li><li class=\"page_item page-item-10108\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/key-elements-of-financial-statements\/3-3-financial-result-of-the-group\/\">3.3. Financial result of the Group<\/a><\/li><li class=\"page_item page-item-10112\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/key-elements-of-financial-statements\/3-4-consolidated-statement-of-financial-position\/\">3.4. Consolidated statement of financial position<\/a><\/li><li class=\"page_item page-item-10116\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/key-elements-of-financial-statements\/3-5-consolidated-statement-of-cash-flows\/\">3.5. Consolidated statement of cash flows<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-10138\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2020\/key-events-in-q3-2020\/\">Key events in Q3 2020<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-9390\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/h1-2020-half-yearly-report\/\">H1 2020 half yearly report<\/a><\/li><li class=\"page_item page-item-11283 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/\">Preliminary Financial Results for fiscal year 2020<\/a><ul class='children'><li class=\"page_item page-item-11323\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/0-key-information\/\">0. Key Information<\/a><\/li><li class=\"page_item page-item-11307\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/new-group-structure\/\">2. New Group Structure<\/a><\/li><li class=\"page_item page-item-11309\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/3-technology-division-in-2020\/\">3. Technology division in 2020<\/a><\/li><li class=\"page_item page-item-11311\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/4-education-division-in-2020\/\">4. Education Division in 2020<\/a><\/li><li class=\"page_item page-item-11313\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/5-financial-position-cash-flow\/\">5. Financial Position &#038; Cash Flow<\/a><\/li><li class=\"page_item page-item-11315\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/\">6. Evaluation of other similar companies<\/a><\/li><li class=\"page_item page-item-11317\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/7-indicative-budget-2021\/\">7. Indicative Budget 2021<\/a><\/li><li class=\"page_item page-item-11321\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/8-alternative-performance-measurements\/\">8. \u201cAlternative Performance Measurements&#8221;<\/a><\/li><li class=\"page_item page-item-11319\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/9-download-files\/\">9. Download files<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-20536 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Letter from Cristian Logof\u0103tu<\/a><ul class='children'><li class=\"page_item page-item-20587 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/analysis-of-business-segment-activity-and-performance\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Analysis of business segment activity and performance<\/a><ul class='children'><li class=\"page_item page-item-20592\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/analysis-of-business-segment-activity-and-performance\/bittnet-education\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Bittnet Education<\/a><\/li><li class=\"page_item page-item-20608\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/analysis-of-business-segment-activity-and-performance\/cloud-and-infrastructure\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Cloud and Infrastructure<\/a><\/li><li class=\"page_item page-item-20613\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/analysis-of-business-segment-activity-and-performance\/cybersecurity-fort\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Cybersecurity &#8211; Fort<\/a><\/li><li class=\"page_item page-item-20619\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/analysis-of-business-segment-activity-and-performance\/platforms-and-software-development\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Platforms and Software Development<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-20639\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/annex-1-alternative-performance-measurements\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Annex 1 \u2013 \u2018Alternative Performance Measurements\u2019<\/a><\/li><li class=\"page_item page-item-20625 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/teza-de-investitie-bnet\/\">(EN) 2022.Q4 Pro-Forma results &#8211; BNET investment thesis<\/a><ul class='children'><li class=\"page_item page-item-20631\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/teza-de-investitie-bnet\/the-buffett-test-for-capitalisation-of-earnings-versus-dividend-payout\/\">(EN) 2022.Q4 Pro-Forma results &#8211; The Buffett test for capitalisation of earnings versus dividend payout<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-20654\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/download-files\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Download Files<\/a><\/li><li class=\"page_item page-item-20547\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/group-size-in-2022\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Group size in 2022<\/a><\/li><li class=\"page_item page-item-20645\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/individual-and-pro-forma-pl-values-in-ron-millions\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Individual and pro-forma P&#038;L (values in RON MILLIONS)<\/a><\/li><li class=\"page_item page-item-20556 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/on-accounting-standards-versus-value-creation\/\">(EN) 2022.Q4 Pro-Forma results &#8211; On accounting standards versus value creation<\/a><ul class='children'><li class=\"page_item page-item-20574\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/on-accounting-standards-versus-value-creation\/about-equatorial-integration-into-bittnet-education\/\">(EN) 2022.Q4 Pro-Forma results &#8211; About Equatorial \/ integration into Bittnet Education<\/a><\/li><li class=\"page_item page-item-20562\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/on-accounting-standards-versus-value-creation\/analysis-of-minority-investments-in-listed-companies\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Analysis of minority investments in listed companies<\/a><\/li><li class=\"page_item page-item-20579\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/on-accounting-standards-versus-value-creation\/option-plans-actually-and-correctly-implemented\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Option plans actually and correctly implemented<\/a><\/li><li class=\"page_item page-item-20568\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2022-4q-proforma\/on-accounting-standards-versus-value-creation\/using-borrowed-capital-leverage\/\">(EN) 2022.Q4 Pro-Forma results &#8211; Using borrowed capital (\u201cleverage\u201d)<\/a><\/li><\/ul><\/li><\/ul><\/li><li class=\"page_item page-item-21496 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/1q-2023\/\">(EN) 2023.Q1 BNET Report Q1 2023 &#8211; A message from the CEO<\/a><ul class='children'><li class=\"page_item page-item-21505\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/1q-2023\/en-2023-q1-bnet-report-q1-2023-download-files\/\">(EN) 2023.Q1 BNET Report Q1 2023 &#8211; Download Files<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-22122 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2q-2023\/\">(EN) 2023.Q2 BNET Report H1 2023 &#8211; A message from the CEO<\/a><ul class='children'><li class=\"page_item page-item-22129\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/2q-2023\/en-2023-q2-bnet-report-h1-2023-download-files\/\">(EN) 2023.Q2 BNET Report H1 2023 &#8211; Download Files<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-22501 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2023\/\">(EN) 2023.Q3 BNET Report 2023 &#8211; A message from the CEO<\/a><ul class='children'><li class=\"page_item page-item-22534\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2023\/en-2023-q3-bnet-report-2023-download-files\/\">(EN) 2023.Q3 BNET Report 2023 &#8211; Download Files<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-23160\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2023\/\">(EN) 2023.Q4 BNET Report 2023 &#8211; A message from the CEO<\/a><\/li><li class=\"page_item page-item-24776 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2024\/\">(EN) 2024 Q3 BNET Report 2024 &#8211; Letter from the CEO<\/a><ul class='children'><li class=\"page_item page-item-24780\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/3q-2024\/download-files\/\">(EN) 2024 Q3 BNET Report 2024 &#8211; Download Files<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-25259 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2024\/\">(EN) 2024 Q4 BNET Report 2024 &#8211; Letter from the CEO<\/a><ul class='children'><li class=\"page_item page-item-25281\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2024\/download-files\/\">(EN) 2024 Q4 BNET Report 2024 &#8211; Download Files<\/a><\/li><li class=\"page_item page-item-25403\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2024\/key-information-2024\/\">(EN) 2024 Q4 Prelim Results 2024 &#8211; Key Information<\/a><\/li><li class=\"page_item page-item-25358\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2024\/indicative-budget-2025\/\">(EN) 2024 Q4 Preliminary Results 2024 &#8211; Indicative Budget 2025<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-24370 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q2-2024\/\">(EN) 2024 S1 BNET Report 2024 &#8211; Letter from the CEO<\/a><ul class='children'><li class=\"page_item page-item-24389\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q2-2024\/download-files\/\">(EN) 2024 H1 BNET Report 2024 &#8211; Download Files<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-23974 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/1q-2024\/\">(EN) 2024.Q1 BNET Report 2024 &#8211; Letter from the CEO<\/a><ul class='children'><li class=\"page_item page-item-24019\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/1q-2024\/en-2024-q1-bnet-report-download-files\/\">(EN) 2024.Q1 BNET Report 2024 &#8211; Download Files<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-26173 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q1-2025\/\">(EN) 2025 Q1 BNET Report 2025 &#8211; Letter from the CEO<\/a><ul class='children'><li class=\"page_item page-item-26177\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q1-2025\/download-files\/\">(EN) 2025 Q1 BNET Report 2025 &#8211; Download Files<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-27441 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2025\/\">(EN) 2025 Q3 BNET Report 2025 &#8211; Letter from the CEO<\/a><ul class='children'><li class=\"page_item page-item-27444\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2025\/download-files\/\">(EN) 2025 Q3 BNET Report 2025 &#8211; Download Files<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-27761 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q4-2025\/\">(EN) 2025 Q4 BNET Report 2025 &#8211; Letter from the CEO<\/a><ul class='children'><li class=\"page_item page-item-27788\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q4-2025\/digital-infrastructure-2025\/\">(EN) 2025 Q4 BNET Report 2025 &#8211; Digital Infrastructure 2025<\/a><\/li><li class=\"page_item page-item-27798\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q4-2025\/digital-platforms-2025\/\">(EN) 2025 Q4 BNET Report 2025 &#8211; Digital Platforms 2025<\/a><\/li><li class=\"page_item page-item-27783\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q4-2025\/download-files\/\">(EN) 2025 Q4 BNET Report 2025 &#8211; Download Files<\/a><\/li><li class=\"page_item page-item-27793\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q4-2025\/education-2025\/\">(EN) 2025 Q4 BNET Report 2025 &#8211; Education 2025<\/a><\/li><li class=\"page_item page-item-27803\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q4-2025\/targets-achievement-2025\/\">(EN) 2025 Q4 BNET Report 2025 &#8211; Targets achievements 2025<\/a><\/li><li class=\"page_item page-item-27772\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q4-2025\/key-information\/\">(EN) 2025 Q4 Prelim Results 2025 &#8211; Key Information<\/a><\/li><li class=\"page_item page-item-27778\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q4-2025\/indicative-budget-2026\/\">(EN) 2025 Q4 Preliminary Results 2025 &#8211; Indicative Budget 2026<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-26641 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q2-2025\/\">(EN) 2025 S1 BNET Report 2025 &#8211; Letter from the CEO<\/a><ul class='children'><li class=\"page_item page-item-26645\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q2-2025\/download-files\/\">(EN) 2025 H1 BNET Report 2025 &#8211; Download Files<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-14286 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/\">Message from the CEO<\/a><ul class='children'><li class=\"page_item page-item-14342\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/an-annual-overview-of-financial-results\/\">An annual overview of financial results<\/a><\/li><li class=\"page_item page-item-14376\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/annex-1-alternative-performance-measurements\/\">Annex 1 \u2013 \u2018Alternative Performance Measurements\u2019<\/a><\/li><li class=\"page_item page-item-14348\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/assessment-of-other-similar-companies\/\">Assessment of other similar companies<\/a><\/li><li class=\"page_item page-item-14337\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/consolidated-situation-of-cash-flow-key-elements\/\">Consolidated situation of cash flow \u2013 key elements<\/a><\/li><li class=\"page_item page-item-14332\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/consolidated-statement-of-financial-position-key-elements\/\">Consolidated statement of financial position \u2013 key elements<\/a><\/li><li class=\"page_item page-item-14372\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/contact-person-for-the-relation-with-investors\/\">Contact person for the relation with investors<\/a><\/li><li class=\"page_item page-item-14328\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/financial-result-and-gross-profit\/\">Financial result and gross profit<\/a><\/li><li class=\"page_item page-item-14382\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/financial-statements\/\">Financial Statements<\/a><\/li><li class=\"page_item page-item-14353\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/indicators-according-to-the-annex-13-reg-asf-5-2018\/\">Indicators according to the Annex 13 Reg. ASF 5\/2018<\/a><\/li><li class=\"page_item page-item-14359\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/key-events-in-q3-2021\/\">Key events in Q3 2021<\/a><\/li><li class=\"page_item page-item-14366\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/risk-factors\/\">Risk factors<\/a><\/li><li class=\"page_item page-item-14291 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/technology-division\/\">Technology Division<\/a><ul class='children'><li class=\"page_item page-item-14303\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/technology-division\/financial-results-technology-division\/\">Financial Results \u2013 Technology Division<\/a><\/li><li class=\"page_item page-item-14295\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/technology-division\/presentation-of-the-operational-activity\/\">Presentation of the operational activity<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-14309 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/education-division\/\">Education Division<\/a><ul class='children'><li class=\"page_item page-item-14321\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/education-division\/financial-results-education-division\/\">Financial results \u2013 Education Division<\/a><\/li><li class=\"page_item page-item-14313\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/q3-2021\/education-division\/presentation-of-the-operational-activity\/\">Presentation of the operational activity<\/a><\/li><\/ul><\/li><\/ul><\/li><li class=\"page_item page-item-15342 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/\">Report 4q 2021_en<\/a><ul class='children'><li class=\"page_item page-item-15494\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/2022-buget-for-reference-only\/\">2022 Buget for reference only<\/a><\/li><li class=\"page_item page-item-15095\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/annex-1-alternative-performance-measurements\/\">Annex 1 \u2013 \u2018Alternative Performance Measurements\u2019<\/a><\/li><li class=\"page_item page-item-15082\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/annex-1-alternative-performance-measurements-2\/\">Annex 1 \u2013 \u2018Alternative Performance Measurements\u2019<\/a><\/li><li class=\"page_item page-item-15417\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/bnet-investment-thesis\/\">BNET investment thesis<\/a><\/li><li class=\"page_item page-item-15324\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/download-files\/\">Download files<\/a><\/li><li class=\"page_item page-item-15423 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/events-in-the-education-division\/\">Events in the Education Division<\/a><ul class='children'><li class=\"page_item page-item-15440\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/events-in-the-education-division\/business-development\/\">BUSINESS DEVELOPMENT<\/a><\/li><li class=\"page_item page-item-15448\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/events-in-the-education-division\/delivery-customer-success\/\">DELIVERY &#038; CUSTOMER SUCCESS<\/a><\/li><li class=\"page_item page-item-15434\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/events-in-the-education-division\/demand_generation-team\/\">Demand Generation Team<\/a><\/li><li class=\"page_item page-item-15428\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/events-in-the-education-division\/marketing-product-development-team\/\">MARKETING &#038; PRODUCT DEVELOPMENT team<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-15456 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/events-in-the-technology-division\/\">Events in the Technology Division<\/a><ul class='children'><li class=\"page_item page-item-15481\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/events-in-the-technology-division\/business-applications-elian\/\">Business Applications &#8211; Elian<\/a><\/li><li class=\"page_item page-item-15463\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/events-in-the-technology-division\/cloud-infrastructure-dendrio\/\">Cloud &#038; Infrastructure &#8211; Dendrio<\/a><\/li><li class=\"page_item page-item-15471\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/events-in-the-technology-division\/cyber-security-managed-services-grx-isec-it-prepared\/\">Cyber Security &#038; Managed Services &#8211; GRX, iSEC, IT Prepared<\/a><\/li><li class=\"page_item page-item-15476\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/events-in-the-technology-division\/software-development-nenos-nonlinear\/\">Software Development &#8211; Nenos &#038; Nonlinear<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-15366\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/key-information\/\">Key information<\/a><\/li><li class=\"page_item page-item-15391 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/review-of-the-financial-statements\/\">Review of the financial statements<\/a><ul class='children'><li class=\"page_item page-item-15411\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/review-of-the-financial-statements\/cash-flow\/\">Consolidated Cash Flow<\/a><\/li><li class=\"page_item page-item-15401\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/review-of-the-financial-statements\/consolidated-financial-statements\/\">Consolidated financial statements<\/a><\/li><li class=\"page_item page-item-15397\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/review-of-the-financial-statements\/revenues-expenses-operational-profit\/\">Revenues, Expenses, Operational Profit, Gross and Net<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-15359 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/the-current-structure-of-the-group\/\">The current structure of the Group<\/a><ul class='children'><li class=\"page_item page-item-15386\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/the-current-structure-of-the-group\/investments-in-listed-companies\/\">Investments in listed companies<\/a><\/li><li class=\"page_item page-item-15374\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/the-current-structure-of-the-group\/the-education-division\/\">The Education Division<\/a><\/li><li class=\"page_item page-item-15380\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/the-current-structure-of-the-group\/the-technology-division\/\">The Technology Division<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-15487\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2021\/alternative-performance-measurement\/\">\u201cAlternative Performance Measurements\u201d on alternative key performance indicators<\/a><\/li><\/ul><\/li><\/ul><\/li><li class=\"page_item page-item-403\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-periodical-reports\/\">Current and periodical reports<\/a><\/li><li class=\"page_item page-item-19644\"><a href=\"https:\/\/investors.bittnet.ro\/en\/document-de-inregistrare\/\">Document de \u00cenregistrare<\/a><\/li><li class=\"page_item page-item-9430\"><a href=\"https:\/\/investors.bittnet.ro\/en\/confcall-rezultate-h1\/\">Earnings Call H1 2020<\/a><\/li><li class=\"page_item page-item-2114\"><a href=\"https:\/\/investors.bittnet.ro\/en\/earnings-presentation-call\/\">Earnings Presentation Call<\/a><\/li><li class=\"page_item page-item-546\"><a href=\"https:\/\/investors.bittnet.ro\/en\/financial-forecast\/\">Financial forecast<\/a><\/li><li class=\"page_item page-item-538 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/financial-results\/\">Financial Results<\/a><ul class='children'><li class=\"page_item page-item-6914\"><a href=\"https:\/\/investors.bittnet.ro\/en\/financial-results\/2019-2\/\">2019<\/a><\/li><li class=\"page_item page-item-6917\"><a href=\"https:\/\/investors.bittnet.ro\/en\/financial-results\/2018-2\/\">2018<\/a><\/li><li class=\"page_item page-item-6919\"><a href=\"https:\/\/investors.bittnet.ro\/en\/financial-results\/2017-2\/\">2017<\/a><\/li><li class=\"page_item page-item-6926\"><a href=\"https:\/\/investors.bittnet.ro\/en\/financial-results\/2016-2\/\">2016<\/a><\/li><li class=\"page_item page-item-6942\"><a href=\"https:\/\/investors.bittnet.ro\/en\/financial-results\/2015-2\/\">2015<\/a><\/li><li class=\"page_item page-item-6946\"><a href=\"https:\/\/investors.bittnet.ro\/en\/financial-results\/2014-2\/\">2014<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-1762\"><a href=\"https:\/\/investors.bittnet.ro\/en\/forecasts-policy\/\">Forecasts Policy<\/a><\/li><li class=\"page_item page-item-7445\"><a href=\"https:\/\/investors.bittnet.ro\/en\/gdpr\/\">GDPR<\/a><\/li><li class=\"page_item page-item-2086\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-meeting-28-april-2016\/\">General Meeting 28 April 2016<\/a><\/li><li class=\"page_item page-item-405 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/\">General Shareholder Meetings<\/a><ul class='children'><li class=\"page_item page-item-9729\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/26-november-2020-sgm\/\">26 november 2020 SGM<\/a><\/li><li class=\"page_item page-item-15642\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/april-20-2022\/\">April 20, 2022<\/a><\/li><li class=\"page_item page-item-3004 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/april-24th-2019-shareholder-meeting\/\">April 24th 2019 General Shareholder Meeting<\/a><ul class='children'><li class=\"page_item page-item-3027\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/april-24th-2019-shareholder-meeting\/shareholder-meeting-procedures-24-april-2019\/\">Shareholder Meeting Procedures, 24 April 2019<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-20994\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/april-27-2023\/\">April 27, 2023<\/a><\/li><li class=\"page_item page-item-25573\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/april-28-2025\/\">April 28, 2025<\/a><\/li><li class=\"page_item page-item-828\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/april-28th-2016-extraordinary-general-shareholder-meeting\/\">April 28th 2016 Extraordinary General Shareholder Meeting<\/a><\/li><li class=\"page_item page-item-815\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/20160428-ordinary-shareholder-meeting\/\">April 28th 2016 Ordinary Shareholder Meeting<\/a><\/li><li class=\"page_item page-item-28017\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/april-29-2026\/\">April 29, 2026<\/a><\/li><li class=\"page_item page-item-8203\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/april-29th-2020\/\">April 29th, 2020<\/a><\/li><li class=\"page_item page-item-19005\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/december-12-2022\/\">EGMS December 12, 2022<\/a><\/li><li class=\"page_item page-item-2424 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/general-shareholder-meeting-april-25th-2018\/\">General Shareholder Meeting &#8211; April 25th 2018<\/a><ul class='children'><li class=\"page_item page-item-2437\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/general-shareholder-meeting-april-25th-2018\/gsm-forms-25th-of-april-2018\/\">GSM Forms 25th of April 2018<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-1801 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/general-shareholder-meeting-april-26th-2017\/\">General Shareholder Meeting &#8211; April 26th 2017<\/a><ul class='children'><li class=\"page_item page-item-1829\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/general-shareholder-meeting-april-26th-2017\/gsm-procedures-april-26th-2017\/\">GSM Procedures &#8211; April 26th 2017<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-2732\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/general-shareholder-meeting-november-21st-2018\/\">General Shareholder Meeting &#8211; December 17th 2018<\/a><\/li><li class=\"page_item page-item-1789\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/general-shareholder-meeting-april-2017\/\">General Shareholder Meeting April 2017<\/a><\/li><li class=\"page_item page-item-22785\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/gsm-january-25th-2024\/\">GSM January 25th 2024<\/a><\/li><li class=\"page_item page-item-22231\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/gsm-october-30-2023\/\">GSM October 30 2023<\/a><\/li><li class=\"page_item page-item-22786\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/gsm-october-30-2023-2\/\">GSM October 30 2023<\/a><\/li><li class=\"page_item page-item-22664\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/gsm-october-30-2023-3\/\">GSM October 30 2023<\/a><\/li><li class=\"page_item page-item-1562 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/nov-1st-2016-extraordinary-general-shareholder-meeting\/\">Nov 1st 2016 Extraordinary General Shareholder Meeting<\/a><ul class='children'><li class=\"page_item page-item-1615\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/nov-1st-2016-extraordinary-general-shareholder-meeting\/meeting-procedures\/\">Nov 1st 2016 Meeting Procedures<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-26869\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/october-21-2025\/\">October 21, 2025<\/a><\/li><li class=\"page_item page-item-13144\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/september-7-2021\/\">September 7, 2021<\/a><\/li><li class=\"page_item page-item-11562\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/sgm-april-27th-2021\/\">SGM  &#8211; April 27th, 2021<\/a><\/li><li class=\"page_item page-item-7916\"><a href=\"https:\/\/investors.bittnet.ro\/en\/general-stakeholder-meetings\/sgm-29-january-2020\/\">SGM on January 29th, 2020<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-1427\"><a href=\"https:\/\/investors.bittnet.ro\/en\/\">Home<\/a><\/li><li class=\"page_item page-item-1352\"><a href=\"https:\/\/investors.bittnet.ro\/en\/home-2\/\">Home 2<\/a><\/li><li class=\"page_item page-item-421\"><a href=\"https:\/\/investors.bittnet.ro\/en\/home-3\/\">Home 3<\/a><\/li><li class=\"page_item page-item-3549\"><a href=\"https:\/\/investors.bittnet.ro\/en\/home-4\/\">Home 4<\/a><\/li><li class=\"page_item page-item-8\"><a href=\"https:\/\/investors.bittnet.ro\/en\/home\/\">Home TEST<\/a><\/li><li class=\"page_item page-item-8030\"><a href=\"https:\/\/investors.bittnet.ro\/en\/ifrs-2016-2018\/\">IFRS 2016-2018<\/a><\/li><li class=\"page_item page-item-593\"><a href=\"https:\/\/investors.bittnet.ro\/en\/information-memorandum\/\">Information Memorandum<\/a><\/li><li class=\"page_item page-item-7462\"><a href=\"https:\/\/investors.bittnet.ro\/en\/information-on-your-personal-data-processing\/\">Information on your personal data processing<\/a><\/li><li class=\"page_item page-item-19585\"><a href=\"https:\/\/investors.bittnet.ro\/en\/intaliniri-analisti-investitori\/\">Intaliniri analisti &#038; investitori<\/a><\/li><li class=\"page_item page-item-9465\"><a href=\"https:\/\/investors.bittnet.ro\/en\/investor-conferences\/\">Investor conferences<\/a><\/li><li class=\"page_item page-item-10462\"><a href=\"https:\/\/investors.bittnet.ro\/en\/modelare\/\">Modelare P&#038;L Bittnet<\/a><\/li><li class=\"page_item page-item-3882\"><a href=\"https:\/\/investors.bittnet.ro\/en\/my-account\/\">My Account<\/a><\/li><li class=\"page_item page-item-6893 page_item_has_children current_page_parent\"><a href=\"https:\/\/investors.bittnet.ro\/en\/news-downloads\/\">News &#038; Downloads<\/a><ul class='children'><li class=\"page_item page-item-6896\"><a href=\"https:\/\/investors.bittnet.ro\/en\/news-downloads\/press-releases\/\">Press Releases<\/a><\/li><li class=\"page_item page-item-6901\"><a href=\"https:\/\/investors.bittnet.ro\/en\/news-downloads\/current-reports\/\">Recent Statements<\/a><\/li><li class=\"page_item page-item-6904\"><a href=\"https:\/\/investors.bittnet.ro\/en\/news-downloads\/presentations\/\">Presentations<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-7438\"><a href=\"https:\/\/investors.bittnet.ro\/en\/newsletter-subscription\/\">Newsletter subscription<\/a><\/li><li class=\"page_item page-item-10554 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/oferte\/\">Oferte de valori mobiliare emise de Bittnet<\/a><ul class='children'><li class=\"page_item page-item-10501\"><a href=\"https:\/\/investors.bittnet.ro\/en\/oferte\/bnetr08\/\">Majorare Capital Ianuarie &#8211; Februarie 2021<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-1106 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/\">Pages<\/a><ul class='children'><li class=\"page_item page-item-5812\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/blank\/\">Blank Page<\/a><\/li><li class=\"page_item page-item-5813\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/maintenance-page\/\">Coming Soon<\/a><\/li><li class=\"page_item page-item-2508\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/faq-page\/\">FAQ Page<\/a><\/li><li class=\"page_item page-item-3555\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/login-page\/\">Login Page<\/a><\/li><li class=\"page_item page-item-1194\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/team\/\">Meet the Team<\/a><\/li><li class=\"page_item page-item-5799\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/sidebar-left\/\">Page Left Sidebar<\/a><\/li><li class=\"page_item page-item-430\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/sidebar-right\/\">Page Right Sidebar<\/a><\/li><li class=\"page_item page-item-5809\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/person-page\/\">Person Page<\/a><\/li><li class=\"page_item page-item-1042\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/pricing\/\">Plans &#038; Pricing<\/a><\/li><li class=\"page_item page-item-15\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/services\/\">Services<\/a><\/li><li class=\"page_item page-item-4851\"><a href=\"https:\/\/investors.bittnet.ro\/en\/pages\/tables\/\">TablePress Tables<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-6695\"><a href=\"https:\/\/investors.bittnet.ro\/en\/periodic\/\">Periodic<\/a><\/li><li class=\"page_item page-item-5804\"><a href=\"https:\/\/investors.bittnet.ro\/en\/portfolio-grid-1\/\">Portfolio Grid 1<\/a><\/li><li class=\"page_item page-item-42\"><a href=\"https:\/\/investors.bittnet.ro\/en\/portfolio-grid-2\/\">Portfolio Grid 2<\/a><\/li><li class=\"page_item page-item-39\"><a href=\"https:\/\/investors.bittnet.ro\/en\/portfolio-grid-3\/\">Portfolio Grid 3<\/a><\/li><li class=\"page_item page-item-36\"><a href=\"https:\/\/investors.bittnet.ro\/en\/portfolio-grid-4\/\">Portfolio Grid 4<\/a><\/li><li class=\"page_item page-item-5629\"><a href=\"https:\/\/investors.bittnet.ro\/en\/portfolio-grid-5\/\">Portfolio Grid 5<\/a><\/li><li class=\"page_item page-item-3097\"><a href=\"https:\/\/investors.bittnet.ro\/en\/portfolio-styles\/\">Portfolio Grid Layouts<\/a><\/li><li class=\"page_item page-item-2029 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rapoarte-anuale\/\">Rapoarte Anuale<\/a><ul class='children'><li class=\"page_item page-item-2040\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rapoarte-anuale\/raport-anual-2014\/\">Raport Anual 2014<\/a><\/li><li class=\"page_item page-item-2038\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rapoarte-anuale\/raport-anual-2015\/\">Raport Anual 2015<\/a><\/li><li class=\"page_item page-item-2034\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rapoarte-anuale\/raport-anual-2016\/\">Raport Anual 2016<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-2863\"><a href=\"https:\/\/investors.bittnet.ro\/en\/raportari-curente\/\">Raportari curente<\/a><\/li><li class=\"page_item page-item-6487\"><a href=\"https:\/\/investors.bittnet.ro\/en\/search-results-page\/\">Search Results Page<\/a><\/li><li class=\"page_item page-item-374\"><a href=\"https:\/\/investors.bittnet.ro\/en\/share-price\/\">Share price<\/a><\/li><li class=\"page_item page-item-591\"><a href=\"https:\/\/investors.bittnet.ro\/en\/shareholders-manual\/\">Shareholder&#8217;s Manual<\/a><\/li><li class=\"page_item page-item-575\"><a href=\"https:\/\/investors.bittnet.ro\/en\/shareholding-structure\/\">Shareholding structure<\/a><\/li><li class=\"page_item page-item-6821 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/shares\/\">Shares<\/a><ul class='children'><li class=\"page_item page-item-6828\"><a href=\"https:\/\/investors.bittnet.ro\/en\/shares\/dividends\/\">Dividends<\/a><\/li><li class=\"page_item page-item-6830\"><a href=\"https:\/\/investors.bittnet.ro\/en\/shares\/financial-calendar\/\">Financial Calendar<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-5810 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/shop\/\">Shop<\/a><ul class='children'><li class=\"page_item page-item-5811\"><a href=\"https:\/\/investors.bittnet.ro\/en\/shop\/shop-without-sidebar\/\">Shop Without Sidebar<\/a><\/li><\/ul><\/li><li class=\"page_item page-item-8660\"><a href=\"https:\/\/investors.bittnet.ro\/en\/test-2\/\">test<\/a><\/li><li class=\"page_item page-item-1638\"><a href=\"https:\/\/investors.bittnet.ro\/en\/test-form-page2\/\">Test form page<\/a><\/li><li class=\"page_item page-item-15905\"><a href=\"https:\/\/investors.bittnet.ro\/en\/ziua-investitorului-bittnet-2022\/\">Ziua Investitorului Bittnet 2022<\/a><\/li><li class=\"page_item page-item-21150\"><a href=\"https:\/\/investors.bittnet.ro\/en\/ziua-investitorului-bittnet-2023\/\">Ziua Investitorului BNET 2023<\/a><\/li><li class=\"page_item page-item-23686\"><a href=\"https:\/\/investors.bittnet.ro\/en\/ziua-investitorului-bnet-2024\/\">Ziua Investitorului BNET 2024<\/a><\/li><li class=\"page_item page-item-8878\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/informatii-generale-despre-emitent\/the-bittnet-way\/\">&#8220;The Bittnet Way&#8221;<\/a><\/li><li class=\"page_item page-item-8876\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/informatii-generale-despre-emitent\/despre-obligatiuni\/\">Despre Obligatiuni<\/a><\/li><li class=\"page_item page-item-8728\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/informatii-generale-despre-emitent\/divizia-de-educatie\/\">Divizia de Educatie<\/a><\/li><li class=\"page_item page-item-8732\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/informatii-generale-despre-emitent\/divizia-de-tehnologie\/\">Divizia de Tehnologie<\/a><\/li><li class=\"page_item page-item-8736\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/informatii-generale-despre-emitent\/pretul-actiunilor\/\">Pretul Actiunilor<\/a><\/li><li class=\"page_item page-item-8738 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/2-situatia-economico-financiara-a-grupului\/\">2. Situa\u0163ia economico-financiar\u0103 a grupului<\/a><\/li><li class=\"page_item page-item-8758 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/3-analiza-activitatii-societatii-comerciale\/\">3. Analiza activit\u0103\u0163ii societ\u0103\u0163ii comerciale<\/a><\/li><li class=\"page_item page-item-8766\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/schimbari-care-afecteaza-capitalul-si-administrarea-societatii-comerciale\/\">4. Schimb\u0103ri care afecteaz\u0103 capitalul \u015fi administrarea societ\u0103\u0163ii comerciale<\/a><\/li><li class=\"page_item page-item-8769\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/5-tranzactii-semnificative-cu-afiliatii\/\">5.\u00a0Tranzac\u0163ii\u00a0semnificative\u00a0cu\u00a0afiliatii\u00a0<\/a><\/li><li class=\"page_item page-item-8772\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/6-gradul-de-realizare-a-tintelor-pentru-anul-2020\/\">6. Gradul de realizare a\u00a0\u021bintelor\u00a0pentru anul\u00a02020\u00a0<\/a><\/li><li class=\"page_item page-item-8775\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/7-semnaturi-si-declaratii-conform-art-123-2-punctul-b-lit-c-din-regulamentul-asf-nr-1-2006\/\">7.\u00a0Semn\u0103turi\u00a0si\u00a0declaratii\u00a0conform art. 123 2\u00a0punctul\u00a0B, lit c din Regulamentul ASF nr.1\/2006.\u00a0<\/a><\/li><li class=\"page_item page-item-8777\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/8-anexe\/\">8. Anexe<\/a><\/li><li class=\"page_item page-item-8720 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/informatii-generale-despre-emitent\/\">Informatii Generale despre Emitent<\/a><\/li><li class=\"page_item page-item-8779\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/recapitulare-evenimente-cheie-in-s1-2020\/\">Recapitulare\u00a0evenimente\u00a0cheie\u00a0\u00een\u00a0S1 2020\u00a0<\/a><\/li><li class=\"page_item page-item-8781\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/riscuri-identificate-de-emitent\/\">Riscuri Identificate de Emitent<\/a><\/li><li class=\"page_item page-item-8760\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/3-analiza-activitatii-societatii-comerciale\/3-1-prezentarea-si-analizarea-tendintelor-elementelor-evenimentelor-sau-factorilor-de-incertitudine-ce-afecteaza-sau-ar-pu\/\">3.1.\u00a0Prezentarea\u00a0\u015fi\u00a0analizarea\u00a0tendin\u0163elor,\u00a0elementelor,\u00a0evenimentelor\u00a0sau\u00a0factorilor\u00a0de\u00a0incertitudine\u00a0ce\u00a0afecteaz\u0103\u00a0sau\u00a0ar\u00a0putea\u00a0afecta\u00a0lichiditatea\u00a0societ\u0103\u0163ii\u00a0comerciale,\u00a0comparativ\u00a0cu\u00a0aceea\u015fi\u00a0perioad\u0103\u00a0a\u00a0anului\u00a0trecut.\u00a0<\/a><\/li><li class=\"page_item page-item-8762\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/3-analiza-activitatii-societatii-comerciale\/3-2-prezentarea-si-analizarea-efectelor-asupra-situatiei-financiare-a-societatii-comerciale-a-tuturor-cheltuielilor-de-capital\/\">3.2.\u00a0Prezentarea\u00a0\u015fi\u00a0analizarea\u00a0efectelor\u00a0asupra\u00a0situa\u0163iei\u00a0financiare\u00a0a\u00a0societ\u0103\u0163ii\u00a0comerciale\u00a0a\u00a0tuturor\u00a0cheltuielilor\u00a0de capital,\u00a0curente\u00a0sau\u00a0anticipate (preciz\u00e2nd\u00a0scopul\u00a0\u015fi\u00a0sursele\u00a0de\u00a0finan\u0163are\u00a0a\u00a0acestor\u00a0cheltuieli),\u00a0comparativ\u00a0cu\u00a0aceea\u015fi\u00a0perioad\u0103\u00a0a\u00a0anului\u00a0trecut.\u00a0<\/a><\/li><li class=\"page_item page-item-8764\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/3-analiza-activitatii-societatii-comerciale\/3-3-prezentarea-si-analizarea-evenimentelor-tranzactiilor-schimbarilor-economice-care-afecteaza-semnificativ-veniturile-din-activitatea\/\">3.3. Prezentarea\u00a0\u015fi\u00a0analizarea\u00a0evenimentelor,\u00a0tranzac\u0163iilor,\u00a0schimb\u0103rilor\u00a0economice\u00a0care\u00a0afecteaz\u0103\u00a0semnificativ\u00a0veniturile\u00a0din\u00a0activitatea\u00a0de\u00a0baz\u0103. Precizarea\u00a0m\u0103surii\u00a0\u00een\u00a0care au\u00a0fost\u00a0afectate\u00a0veniturile\u00a0de\u00a0fiecare\u00a0element\u00a0identificat.\u00a0Compara\u0163ie\u00a0cu\u00a0perioada\u00a0corespunz\u0103toare\u00a0a\u00a0anului\u00a0trecut.\u00a0<\/a><\/li><li class=\"page_item page-item-7680\"><a href=\"https:\/\/investors.bittnet.ro\/en\/despre-bittnet\/cifre-semnificative\/\">Cifre semnificative<\/a><\/li><li class=\"page_item page-item-8751 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/2-situatia-economico-financiara-a-grupului\/contul-de-profit-si-pierdere\/\">Contul de Profit si Pierdere<\/a><\/li><li class=\"page_item page-item-8753\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/2-situatia-economico-financiara-a-grupului\/elemente-de-bilant-bittnet-systems-30-jun-19-30-jun-20\/\">Elemente de Bilant<\/a><\/li><li class=\"page_item page-item-8756\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/2-situatia-economico-financiara-a-grupului\/fluxuri-de-numerar-situatia-la-30-jun-19-30-jun-20\/\">Fluxuri de Numerar<\/a><\/li><li class=\"page_item page-item-8894\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/2-situatia-economico-financiara-a-grupului\/profit-net-si-dividende-declarate-si-platite-bittnet-systems\/\">Profit Net si Dividende<\/a><\/li><li class=\"page_item page-item-8892\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/2-situatia-economico-financiara-a-grupului\/profit-operational-financiar-brut-bittnet-systems-rezultat\/\">Profit opera\u021bional, financiar \u0219i brut<\/a><\/li><li class=\"page_item page-item-13609\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/informatii-generale-despre-emitent\/despre-obligatiuni\/\">Despre Obliga\u021biuni<\/a><\/li><li class=\"page_item page-item-13589\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/informatii-generale-despre-emitent\/divizia-de-educatie\/\">Divizia de Educatie<\/a><\/li><li class=\"page_item page-item-13597\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/informatii-generale-despre-emitent\/divizia-de-tehnologie\/\">Divizia de Tehnologie<\/a><\/li><li class=\"page_item page-item-13604\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/informatii-generale-despre-emitent\/pretul-actiunilor\/\">Pre\u021bul Ac\u021biunilor<\/a><\/li><li class=\"page_item page-item-13698\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/informatii-generale-despre-emitent\/structura-grupului-la-s1\/\">Structura grupului la S1<\/a><\/li><li class=\"page_item page-item-13579\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/informatii-generale-despre-emitent\/viziunea-bittnet\/\">Viziunea Bittnet<\/a><\/li><li class=\"page_item page-item-13703\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/informatii-generale-despre-emitent\/evenimente-cheie-in-s1\/\">Evenimente cheie in S1<\/a><\/li><li class=\"page_item page-item-8888\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/2-situatia-economico-financiara-a-grupului\/contul-de-profit-si-pierdere\/divizia-de-educatie-bittnet-systems-30-jun-19-30-jun-20-evolutie\/\">Divizia de Educatie<\/a><\/li><li class=\"page_item page-item-8890\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/raport-bnet-semestrul-1-2020\/2-situatia-economico-financiara-a-grupului\/contul-de-profit-si-pierdere\/divizia-tehnologie-bittnet-systems-30-jun-19-30-jun-20-evolutie\/\">Divizia Tehnologie<\/a><\/li><li class=\"page_item page-item-16617\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/q1-2022\/download-fisiere\/\">Download fisiere<\/a><\/li><li class=\"page_item page-item-16584\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/q1-2022\/anexa-1-alternative-performance-measurements\/\">Anexa 1 &#8211; \u201cAlternative Performance Measurements\u201d despre indicatorii alternativi de performanta<\/a><\/li><li class=\"page_item page-item-16554\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/q1-2022\/descrierea-generala-a-pozitiei-financiare-si-a-performantelor-emitentului\/\">Descrierea general\u0103 a pozi\u0163iei financiare \u015fi a performan\u0163elor emitentului \u015fi ale filialelor acestuia aferente perioadei de timp relevante<\/a><\/li><li class=\"page_item page-item-16544\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/q1-2022\/divizia-educatie\/\">Divizia Educa\u021bie<\/a><\/li><li class=\"page_item page-item-16539\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/q1-2022\/divizia-tehnologie\/\">Divizia Tehnologie<\/a><\/li><li class=\"page_item page-item-16520\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/q1-2022\/evenimente-cheie-in-q1-2022\/\">Evenimente cheie \u00een Q1 2022<\/a><\/li><li class=\"page_item page-item-16575\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/q1-2022\/factori-de-risc\/\">Factori de Risc<\/a><\/li><li class=\"page_item page-item-16571\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/q1-2022\/indicatori-conform-anexa-13-reg-asf-5-2018\/\">Indicatori conform Anexa 13 Reg. ASF 5 \/ 2018<\/a><\/li><li class=\"page_item page-item-16566\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/q1-2022\/o-perspectiva-a-rezultatelor-financiare-t1-2022\/\">O perspectiva anualizata asupra rezultatelor financiare<\/a><\/li><li class=\"page_item page-item-18306\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/download-fisiere\/\">Download fisiere<\/a><\/li><li class=\"page_item page-item-18181\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/\">Analiza activitatii societatii comerciale<\/a><\/li><li class=\"page_item page-item-18203\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/anexa-2-alternative-performance-measurements-despre-indicatorii-alternativi-de-performanta\/\">Anexa 2 &#8211; \u201cAlternative Performance Measurements\u201d despre indicatorii alternativi de performanta<\/a><\/li><li class=\"page_item page-item-18143\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/contul-de-profit-si-pierdere\/\">Contul de profit si pierdere<\/a><\/li><li class=\"page_item page-item-18109\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/despre-actiunile-bnet\/\">Despre Actiunile BNET<\/a><\/li><li class=\"page_item page-item-18115\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/despre-obligatiunile-bittnet\/\">Despre Obligatiunile Bittnet<\/a><\/li><li class=\"page_item page-item-18068\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/divizia-de-educatie\/\">Divizia de Educatie<\/a><\/li><li class=\"page_item page-item-18084\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/divizia-de-tehnologie\/\">Divizia de Tehnologie<\/a><\/li><li class=\"page_item page-item-18132\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/elemente-de-bilant\/\">Elemente de bilant<\/a><\/li><li class=\"page_item page-item-18196\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/gradul-de-realizare-a-tintelor-pentru-anul-2022\/\">Gradul de realizare a tintelor pentru anul 2022<\/a><\/li><li class=\"page_item page-item-18047\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/informatii-generale-despre-emitent\/\">Informatii generale despre Emitent<\/a><\/li><li class=\"page_item page-item-18080\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/recapitulare-evenimente-cheie-in-s1-2022\/\">Recapitulare evenimente cheie in H1 2022<\/a><\/li><li class=\"page_item page-item-18093\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/recapitulare-evenimente-cheie-in-s1-2022-divizia-de-educatie\/\">Recapitulare evenimente cheie in H1 2022: Divizia de Educatie<\/a><\/li><li class=\"page_item page-item-18104\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/recapitulare-evenimente-cheie-in-s1-2022-divizia-de-tehnologie\/\">Recapitulare evenimente cheie in H1 2022: Divizia de Tehnologie<\/a><\/li><li class=\"page_item page-item-18199\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/riscuri-identificate-de-emitent\/\">Riscuri identificate de Emitent<\/a><\/li><li class=\"page_item page-item-18187\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/schimbari-care-afecteaza-capitalul-si-administrarea-societatii-comerciale\/\">Schimbari care afecteaza capitalul si administrarea societatii comerciale<\/a><\/li><li class=\"page_item page-item-18139\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/situatia-economico-financiara-a-grupului\/\">Situatia economico-financiara a Grupului<\/a><\/li><li class=\"page_item page-item-18155\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/situatia-fluxurilor-de-numerar\/\">Situatia Fluxurilor de Numerar<\/a><\/li><li class=\"page_item page-item-18062\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/structura-grupului-in-s1\/\">Structura grupului in H1<\/a><\/li><li class=\"page_item page-item-18191\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/tranzactii-semnificative-cu-afiliatii\/\">Tranzactii semnificative cu afiliatii<\/a><\/li><li class=\"page_item page-item-18355\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2021\/download-fisiere\/\">Download fisiere<\/a><\/li><li class=\"page_item page-item-14794\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2021\/indicatori-operationali\/\">Indicatori Operationali<\/a><\/li><li class=\"page_item page-item-19265\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/3q-2022\/download-fisiere\/\">Download fisiere<\/a><\/li><li class=\"page_item page-item-19101\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/3q-2022\/divizia-de-educatie\/\">Divizia de Educatie<\/a><\/li><li class=\"page_item page-item-19084\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/3q-2022\/divizia-de-tehnologie\/\">Divizia de Tehnologie<\/a><\/li><li class=\"page_item page-item-19076\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/3q-2022\/prezentarea-activitatii-operationale-tehnologie\/\">Prezentarea activitatii operationale<\/a><\/li><li class=\"page_item page-item-19103\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/3q-2022\/prezentarea-activitatii-operationale-educatie\/\">Prezentarea activitatii operationale<\/a><\/li><li class=\"page_item page-item-19108\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/3q-2022\/rezultate-financiare-divizia-educatie\/\">Rezultate Financiare &#8211; Divizia Educatie<\/a><\/li><li class=\"page_item page-item-19094\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/3q-2022\/rezultate-financiare-divizia-tehnologie\/\">Rezultate Financiare &#8211; Divizia Tehnologie<\/a><\/li><li class=\"page_item page-item-14151\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/3q-2021\/elemente-cheie-ale-situatiilor-financiare\/\">Elemente cheie ale situatiilor financiare<\/a><\/li><li class=\"page_item page-item-14134\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/3q-2021\/prezentarea-activitatii-operationale\/\">Prezentarea activitatii operationale<\/a><\/li><li class=\"page_item page-item-13565 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/informatii-generale-despre-emitent\/\">Informa\u021bii generale despre Emitent<\/a><\/li><li class=\"page_item page-item-13689\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/riscuri-identificate-de-emitent\/\">Riscuri identificate de Emitent<\/a><\/li><li class=\"page_item page-item-13613 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/situatia-economico-financiara-a-grupului\/\">Situa\u0163ia economico-financiar\u0103 a grupului<\/a><\/li><li class=\"page_item page-item-13653 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/analiza-activitatii-societatii-comerciale\/\">Analiza activit\u0103\u0163ii societ\u0103\u0163ii comerciale<\/a><\/li><li class=\"page_item page-item-13675\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/schimbari-care-afecteaza-capitalul-si-administrarea-societatii-comerciale\/\">Schimb\u0103ri care afecteaz\u0103 capitalul \u015fi administrarea societ\u0103\u0163ii comerciale<\/a><\/li><li class=\"page_item page-item-13680\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/tranzactii-semnificative-cu-afiliatii\/\">Tranzac\u0163ii semnificative cu afiliatii<\/a><\/li><li class=\"page_item page-item-13684\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/gradul-de-realizare-a-tintelor-pentru-anul-2021\/\">Gradul de realizare a \u021bintelor pentru anul 2021<\/a><\/li><li class=\"page_item page-item-13692\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/semnaturi-si-declaratii-conform-art-123-2-punctul-b-lit-c-din-regulamentul-asf-nr-1-2006\/\">Semn\u0103turi si declaratii conform art. 123 2 punctul B, lit c din Regulamentul ASF nr.1\/2006.<\/a><\/li><li class=\"page_item page-item-13708\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/downloads\/\">Downloads<\/a><\/li><li class=\"page_item page-item-13780\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/situatia-economico-financiara-a-grupului\/perspectiva-anualizata-a-rezultatelor-financiare\/\">Perspectiva anualizata a rezultatelor financiare<\/a><\/li><li class=\"page_item page-item-13624\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/situatia-economico-financiara-a-grupului\/contul-de-profit-si-pierdere\/\">Contul de profit \u0219i pierdere<\/a><\/li><li class=\"page_item page-item-13638\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/situatia-economico-financiara-a-grupului\/rezultatul-operational-financiar-si-profitul-brut\/\">Rezultatul opera\u021bional, financiar \u0219i profitul brut<\/a><\/li><li class=\"page_item page-item-13640\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/situatia-economico-financiara-a-grupului\/profit-net-si-dividende\/\">Profit net si Dividende<\/a><\/li><li class=\"page_item page-item-13644\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/situatia-economico-financiara-a-grupului\/elemente-de-bilant\/\">Elemente de Bilant<\/a><\/li><li class=\"page_item page-item-13647\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/situatia-economico-financiara-a-grupului\/situatia-fluxurilor-de-numerar\/\">Situatia Fluxurilor de Numerar<\/a><\/li><li class=\"page_item page-item-20774\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2022\/analiza-situatiilor-financiare\/activitatea-operationala-in-2022\/\">(RO) 2022.Q4 Raport Anual (preliminar) &#8211; Activitatea opera\u021bional\u0103 \u00een 2022<\/a><\/li><li class=\"page_item page-item-20788\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2022\/analiza-situatiilor-financiare\/cash-flow-consolidat\/\">(RO) 2022.Q4 Raport Anual (preliminar) &#8211; Cash Flow Consolidat<\/a><\/li><li class=\"page_item page-item-20777\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2022\/analiza-situatiilor-financiare\/contul-de-profit-si-pierdere\/\">(RO) 2022.Q4 Raport Anual (preliminar) &#8211; Contul de profit \u0219i pierdere<\/a><\/li><li class=\"page_item page-item-20785\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2022\/analiza-situatiilor-financiare\/situatia-financiara-consolidata\/\">(RO) 2022.Q4 Raport Anual (preliminar) &#8211; Situa\u021bia Financiar\u0103 Consolidat\u0103<\/a><\/li><li class=\"page_item page-item-20768 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2022\/analiza-situatiilor-financiare\/\">(RO) 2022.Q4 Raport Anual (preliminar) &#8211; Analiza Situa\u021biilor Financiare<\/a><\/li><li class=\"page_item page-item-20805\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2022\/buget-2023\/\">(RO) 2022.Q4 Raport Anual (preliminar) &#8211; Buget 2023<\/a><\/li><li class=\"page_item page-item-20807\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2022\/download-fisiere\/\">(RO) 2022.Q4 Raport Anual (preliminar) &#8211; Download Fisiere<\/a><\/li><li class=\"page_item page-item-20763\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2022\/informatii-cheie\/\">(RO) 2022.Q4 Raport Anual (preliminar) &#8211; Informa\u021bii Cheie<\/a><\/li><li class=\"page_item page-item-20792 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2022\/teza-de-investitie-bnet\/\">(RO) 2022.Q4 Raport Anual (preliminar) &#8211; Teza de investi\u021bie BNET<\/a><\/li><li class=\"page_item page-item-20752 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2022\/\">(RO) 2022.Q4 Raport Anual (preliminar) &#8211; Scrisoare de la CEO<\/a><\/li><li class=\"page_item page-item-20115 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Rezultate Pro-Forma Bittnet Group 2022 &#8211; Scrisoare de la Cristian Logofatu<\/a><\/li><li class=\"page_item page-item-21460 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/1q-2023\/\">(RO) 2023.Q1 Raport rezultate T1 2023 &#8211; Scrisoare de la CEO<\/a><\/li><li class=\"page_item page-item-22100 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2023\/\">(RO) 2023.Q2 Raport rezultate S1 2023 &#8211; Mesaj de la CEO<\/a><\/li><li class=\"page_item page-item-18029 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/\">Raport 2Q 2022<\/a><\/li><li class=\"page_item page-item-19057 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/3q-2022\/\">Raport 3Q 2022<\/a><\/li><li class=\"page_item page-item-16496 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/q1-2022\/\">Raport Q1 2022<\/a><\/li><li class=\"page_item page-item-20802\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2022\/teza-de-investitie-bnet\/testul-buffett-pentru-capitalizarea-profiturilor-versus-acordarea-de-dividende\/\">(RO) 2022.Q4 Raport Anual (preliminar) &#8211; Testul Buffett pentru capitalizarea profiturilor versus acordarea de dividende<\/a><\/li><li class=\"page_item page-item-20169 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/analiza-activitatii-si-performantei-segmentelor-de-activitate\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Analiza activitatii si performantei segmentelor de activitate<\/a><\/li><li class=\"page_item page-item-20199\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/anexa-1-alternative-performance-measurements-despre-indicatorii-alternativi-de-performanta\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Anexa 1 \u2013 \u201cAlternative Performance Measurements\u201d despre indicatorii alternativi de performanta<\/a><\/li><li class=\"page_item page-item-20129 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/despre-standarde-contabile-versus-crearea-de-valoare\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Despre standarde contabile versus crearea de valoare<\/a><\/li><li class=\"page_item page-item-20120\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/dimensiunea-grupului-la-2022\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Dimensiunea Grupului la 2022<\/a><\/li><li class=\"page_item page-item-20216\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/download-fisiere\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Download Fisiere<\/a><\/li><li class=\"page_item page-item-20125\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/informatii-cheie\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Informa\u021bii Cheie<\/a><\/li><li class=\"page_item page-item-20213\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/pl-individual-si-pro-forma-valori-in-mii-ron\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; P&#038;L Individual si pro-forma (valori in MII RON)<\/a><\/li><li class=\"page_item page-item-20192 page_item_has_children\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/teza-de-investitie-bnet\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Teza de investitie BNET<\/a><\/li><li class=\"page_item page-item-20151\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/despre-standarde-contabile-versus-crearea-de-valoare\/analiza-investitiilor-minoritare-in-companii-listate\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Analiza Investitiilor minoritare in companii listate<\/a><\/li><li class=\"page_item page-item-20156\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/despre-standarde-contabile-versus-crearea-de-valoare\/despre-equatorial-integrare-in-bittnet-education\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Despre Equatorial \/ integrare in Bittnet Education<\/a><\/li><li class=\"page_item page-item-20154\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/despre-standarde-contabile-versus-crearea-de-valoare\/folosirea-capitalurilor-imprumutate-leverage\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Folosirea capitalurilor imprumutate (\u201eleverage\u201d)<\/a><\/li><li class=\"page_item page-item-20158\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/despre-standarde-contabile-versus-crearea-de-valoare\/planurile-de-optiuni-implementate-real-si-corect\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Planurile de optiuni implementate real si corect<\/a><\/li><li class=\"page_item page-item-20171\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/analiza-activitatii-si-performantei-segmentelor-de-activitate\/bittnet-education\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Bittnet Education<\/a><\/li><li class=\"page_item page-item-20173\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/analiza-activitatii-si-performantei-segmentelor-de-activitate\/cloud-and-infrastructure\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Cloud and Infrastructure<\/a><\/li><li class=\"page_item page-item-20175\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/analiza-activitatii-si-performantei-segmentelor-de-activitate\/cybersecurity-fort\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Cybersecurity &#8211; Fort<\/a><\/li><li class=\"page_item page-item-20177\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/analiza-activitatii-si-performantei-segmentelor-de-activitate\/platforms-and-software-development\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Platforms and Software Development<\/a><\/li><li class=\"page_item page-item-20195\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/proforma-4q-22\/teza-de-investitie-bnet\/testul-buffett-pentru-capitalizarea-profiturilor-versus-acordarea-de-dividende\/\">(RO) 2022.Q4 Rezultate Pro-Forma &#8211; Testul Buffett pentru capitalizarea profiturilor versus acordarea de dividende<\/a><\/li><li class=\"page_item page-item-21467\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/1q-2023\/2023-q1-raport-rezultate-t1-2023-download-fisiere\/\">(RO) 2023.Q1 Raport rezultate T1 2023 &#8211; Download Fisiere<\/a><\/li><li class=\"page_item page-item-22105\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2023\/ro-2023-q2-raport-rezultate-s1-2023-download-fisiere\/\">(RO) 2023.Q2 Raport rezultate S1 2023 &#8211; Download Fisiere<\/a><\/li><li class=\"page_item page-item-23336\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2023\/buget-indicativ-2024\/\">(RO) 2023.Q4 Raport rezultate 12 luni 2023 &#8211; Buget Indicativ 2024<\/a><\/li><li class=\"page_item page-item-23186\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/4q-2023\/informatii-cheie-4q-2023\/\">(RO) 2023.Q4 Raport rezultate 12 luni 2023 &#8211; Informa\u021bii Cheie<\/a><\/li><li class=\"page_item page-item-13658\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/analiza-activitatii-societatii-comerciale\/3-1-evenimente-ce-afecteaza-lichiditatea\/\">3.1. Evenimente ce afecteaz\u0103 lichiditatea<\/a><\/li><li class=\"page_item page-item-13664\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/analiza-activitatii-societatii-comerciale\/3-2-cheltuieli-de-capital\/\">3.2. Cheltuieli de capital<\/a><\/li><li class=\"page_item page-item-13667\"><a href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2021\/analiza-activitatii-societatii-comerciale\/3-3-evenimente-care-afecteaza-activitatea-de-baza\/\">3.3. Evenimente care afecteaz\u0103 activitatea de baz\u0103<\/a><\/li><\/ul><\/div><style>@media ( max-width:600px ){.us_menu_1 .menu{display:block!important}.us_menu_1 .menu>li:not(:last-child){margin:0 0 var(--main-gap,1.5rem)!important}}<\/style><\/nav><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Analiza activitatii societatii comerciale Prezentarea \u015fi analizarea tendin\u0163elor, elementelor, evenimentelor sau factorilor de incertitudine ce afecteaz\u0103 sau ar putea afecta lichiditatea societ\u0103\u0163ii comerciale, comparativ cu aceea\u015fi perioad\u0103 a anului trecutNu exist\u0103 diferen\u021be semnificative \u00eentre mediul de business \u00een care activ\u0103m \u00een 2022 versus 2021 din punct de vedere al efectelor poten\u021biale asupra indicatorilor de lichiditate...","protected":false},"author":26,"featured_media":0,"parent":18029,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-18181","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Raport Q1 2022 - Bittnet Group - Primul trimestru<\/title>\n<meta name=\"description\" content=\"Raport Q1 2022 - Bittnet - \u00cen primul trimestru al anului 2022 am inregistrat venituri consolidate \u00een valoare de 33.13 milioane lei\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raport Q1 2022 - Bittnet Group - Primul trimestru\" \/>\n<meta property=\"og:description\" content=\"Raport Q1 2022 - Bittnet - \u00cen primul trimestru al anului 2022 am inregistrat venituri consolidate \u00een valoare de 33.13 milioane lei\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/\" \/>\n<meta property=\"og:site_name\" content=\"Bittnet Investors Relations Site\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BittnetSystems\/\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-26T15:01:56+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@NA\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/\",\"name\":\"Raport Q1 2022 - Bittnet Group - Primul trimestru\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\"},\"datePublished\":\"2022-08-25T14:59:29+00:00\",\"dateModified\":\"2022-08-26T15:01:56+00:00\",\"description\":\"Raport Q1 2022 - Bittnet - \u00cen primul trimestru al anului 2022 am inregistrat venituri consolidate \u00een valoare de 33.13 milioane lei\",\"breadcrumb\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rezultate financiare\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Raport 2Q 2022\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Analiza activitatii societatii comerciale\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/\",\"name\":\"Bittnet Investors Relations Site\",\"description\":\"Your Value. Upgraded.\",\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/investors.bittnet.ro\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\",\"name\":\"Bittnet Group\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png\",\"contentUrl\":\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png\",\"width\":807,\"height\":442,\"caption\":\"Bittnet Group\"},\"image\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/BittnetSystems\/\",\"https:\/\/twitter.com\/NA\",\"http:\/\/na\",\"https:\/\/www.linkedin.com\/company\/bittnet-group\/\",\"https:\/\/www.youtube.com\/user\/BittnetSystems\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Raport Q1 2022 - Bittnet Group - Primul trimestru","description":"Raport Q1 2022 - Bittnet - \u00cen primul trimestru al anului 2022 am inregistrat venituri consolidate \u00een valoare de 33.13 milioane lei","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/","og_locale":"en_US","og_type":"article","og_title":"Raport Q1 2022 - Bittnet Group - Primul trimestru","og_description":"Raport Q1 2022 - Bittnet - \u00cen primul trimestru al anului 2022 am inregistrat venituri consolidate \u00een valoare de 33.13 milioane lei","og_url":"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/","og_site_name":"Bittnet Investors Relations Site","article_publisher":"https:\/\/www.facebook.com\/BittnetSystems\/","article_modified_time":"2022-08-26T15:01:56+00:00","twitter_card":"summary_large_image","twitter_site":"@NA","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/","url":"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/","name":"Raport Q1 2022 - Bittnet Group - Primul trimestru","isPartOf":{"@id":"https:\/\/investors.bittnet.ro\/en\/#website"},"datePublished":"2022-08-25T14:59:29+00:00","dateModified":"2022-08-26T15:01:56+00:00","description":"Raport Q1 2022 - Bittnet - \u00cen primul trimestru al anului 2022 am inregistrat venituri consolidate \u00een valoare de 33.13 milioane lei","breadcrumb":{"@id":"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/analiza-activitatii-societatii-comerciale\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/investors.bittnet.ro\/en\/"},{"@type":"ListItem","position":2,"name":"Rezultate financiare","item":"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/"},{"@type":"ListItem","position":3,"name":"Raport 2Q 2022","item":"https:\/\/investors.bittnet.ro\/en\/rezultate-financiare\/2q-2022\/"},{"@type":"ListItem","position":4,"name":"Analiza activitatii societatii comerciale"}]},{"@type":"WebSite","@id":"https:\/\/investors.bittnet.ro\/en\/#website","url":"https:\/\/investors.bittnet.ro\/en\/","name":"Bittnet Investors Relations Site","description":"Your Value. Upgraded.","publisher":{"@id":"https:\/\/investors.bittnet.ro\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/investors.bittnet.ro\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/investors.bittnet.ro\/en\/#organization","name":"Bittnet Group","url":"https:\/\/investors.bittnet.ro\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/","url":"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png","contentUrl":"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png","width":807,"height":442,"caption":"Bittnet Group"},"image":{"@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/BittnetSystems\/","https:\/\/twitter.com\/NA","http:\/\/na","https:\/\/www.linkedin.com\/company\/bittnet-group\/","https:\/\/www.youtube.com\/user\/BittnetSystems"]}]}},"_links":{"self":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/pages\/18181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/comments?post=18181"}],"version-history":[{"count":7,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/pages\/18181\/revisions"}],"predecessor-version":[{"id":18263,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/pages\/18181\/revisions\/18263"}],"up":[{"embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/pages\/18029"}],"wp:attachment":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/media?parent=18181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}