The company’s revenue reached RON126 million in 2023, compared to RON82.06 million in 2022, and its profit climbed to RON9.15 million in 2023, from RON6.67 million in 2022.
Its earnings before interest and taxes (EBIT) surged 38% to RON10.62 million at end-2023, from RON7.71 million at end-2022.
Arctic Stream’s 2023 results were fueled by the constant expansion of the team, at technical, operational and commercial level, which grew from 25 employees at end-2022, to 32 employees and collaborators in early 2024.
Arctic Stream has a market value of RON142.1 million and is 67.6%-owned by Dragos-Octavian Diaconu. AST shares have gained 16.1% so far in 2024, amid deals worth RON2.2 million, as per stock market data.