“The reporting period was marked by major economic turbulences, including unpredictability in customs duties and the realignment of defense policies by countries around the world. The decisions made by organizations and states regarding the increase in defense budgets have generated, at the state level, various orientations, but all are converging toward increased defense spending,” the company said in its first quarter report published on the Bucharest Stock Exchange.
Revenue increased by about 9% to RON168.8 million, while operating expenses shrank from RON142.4 million to RON134 million.
(English version by Loredana Fratila-Cristescu)