The company’s revenue increased by 15% versus the same period of 2023, confirming the upward trend of the business over the course of 2024. The result comes after a slight increase in revenue, of 1%, in the first quarter of 2024, and a 19% surge at the end of the second quarter.
Arctic Stream’s revenue stood at RON107.63 million (EUR21.58 million) in the first nine months of 2024, compared to RON93.56 million (EUR18.80 million) in the same period of 2023. Compared to the result reported in the third quarter of 2022, Arctic Stream’s revenue surged over 98%. In terms of operating profit, the end of the third quarter of 2024 brought a 5% decline, to RON9.18 million versus RON9.70 million reported at the end of the third quarter of 2023.
Arctic Stream is valued by investors at RON104.4 million and is 67.6%-owned by Dragos-Octavian Diaconu. AST shares have traded down 14.7% so far in 2024, amid deals worth RON8.7 million, as per stock market data.