Romanian tech firm AROBS concludes 2024 with a revenue of approximately 412 million Ron and a net profit of 22 million Ron.
Here's a fresh take on the AROBS Transilvania Software's sterling 2024 results:
Hoo-boy, AROBS Transilvania Software, the big cheese of tech firms on the Bucharest Stock Exchange, smashed it in 2024, posting preliminary results that'll make your head spin! With a consolidated turnover of RON 412 million (EUR 83 mln), they outdid their revised Q3 2024 budget by 2%. EBITDA clocked in at RON 60 million (EUR 12 mln), up by 11% compared to the adjusted budget, and net profit skyrocketed to RON 22 million (EUR 4.4 mln), exceeding the revised budget by a whopping 21%. Not too shabby for a year chock-full of economic and market turbulence for tech companies!
"2024 was a rollercoaster year, full of obstacles we needed to power through and opportunities for growth," said founder and CEO Voicu Oprean. "[...] These results reflect our focus on cost optimization, operational efficiency, and exploring new business opportunities in high-growth markets." Kudos to Oprean and the team for maintaining their composure amidst the chaos!
Breaking it down further, the "Software Services" segment brought in RON 325 million, accounting for 79% of the total turnover. The "Software Products" segment, however, experienced a 14% increase compared to 2023, earning RON 81 million and taking up 19% of the total revenue. AROBS' diverse business model seems to be paying off!
While the "Integrated Systems" segment dipped slightly due to postponed digitalization projects, AROBS remains optimistic about its growth potential in this area. They anticipate major contract decisions for the remaining projects will be made in the first half of 2025.
"We've been dancing between caution and agility in this ever-changing landscape," said CFO Bogdan Ciungradi. "[...] We'll adapt to market trends and stay laser-focused on efficiency to seize those growth opportunities when they inevitably arise."
Looking ahead, AROBS intends to beef up its tech game by investing in emerging technologies like machine learning, AI, and big data. They're also eyeing up acquisitions, expanding internationally (especially in Europe and the U.S.), forging partnerships, and setting up new sales offices and delivery centers.
"We're not content to rest on our laurels," explained Oprean. "[...] We'll continue our relentless quest for growth, fueled by innovation, technology, and our unwavering commitment to our clients."
And there you have it, folks! AROBS is gearing up for an epic 2025 and beyond, leaving no stone unturned in their quest for global tech dominance. Keep your eyes peeled for more news from this unstoppable powerhouse!
"The focus on exploring new business opportunities in high-growth markets, as mentioned by Voicu Oprean, is likely to include expansions in technology sectors."
"AROBS' plans to invest in emerging technologies like machine learning, AI, and big data, as announced by Oprean, indicate a strong link between their future business strategy and the field of technology."
