The company’s turnover reached RON209 million, while operating revenues hit RON212.6 million, both up 65% from the April-June period.
„The results at the consolidated level are presented and compared at the level of September 2022 vs. June 2022, as the comparison at nine months would not be relevant, considering that some of the companies (Berg Software, AROBS Systems, AROBS Etoll Solutions, AROBS Engineering, and Nordlogic group were not included in the Group as of September 30, 2021,” reads the company’s report.
The turnover for the first three quarters of 2022 increased due to the signing of new clients in the product supply area and the increased number of projects in the services area. Also, a favorable contribution to the increase in turnover between January and September 2022 was made by extending the collaboration with existing clients. At the same time, the new companies acquired during the year significantly contributed to the increase in turnover. AROBS Development & Engineering contributed 11.6 million lei to the turnover, and the Nordlogic group with 2.7 million lei.
Operating expenses increased at a higher pace than operating revenues, reaching 167 million lei, compared to 95.1 million lei recorded in the first six months of 2022.
The highest expenses were personnel costs, the services contracted from third parties, and the amortization of the goodwill. This growth is in line with the expansion of the business, the development of new internal products, and the contribution brought by the newly acquired companies (AROBS Development & Engineering and the Nordlogic group).
The group’s assets at end-September stood at RON325.4 million, up 55%. Liabilities doubled to RON44.6 million.
AROBS shares have shed 14% in 2022, amid RON97 million. The company is worth RON784 million.
(English version by Catalina Apostoiu)