The company’s operating revenues reached RON128.8 million in the same period, 34% above the year-earlier period.
EBITDA, worth RON36.7 million, climbed 16%.
Operating expenses hit RON92.1 million, 18% above estimates. The company expects RON156.2 million expenditures for the entire 2022.
„The software development industry is in a stage of continuous growth, constantly needing access to excellent resources at a high level globally. In software products such as fleet management, business optimization, and digital payments, the market is also experiencing growth due to the accelerated digitalization processes of companies and organizations”, reads the company’s report.
Current assets increased in 2022 by 21%, mainly due to positive variations in receivables and cash availability.
On April 5, 2022, the Company informed the market about receiving from the Romanian Financial Supervisory Authority the Certificate of the Registration of Financial Instruments (CIIF) for the share capital increase operation with 455,697,494 new shares that were issued as a result of the Company’s Extraordinary General Meeting of Shareholders’ decision no. 2 dated 07.03.2022.
On April 7, 2022, the Company informed the market about signing a contract for the acquisition of the entire stake in Enea Services Romania S.R.L., with offices in Romania and the United States. The acquisition represents the software development services team of Enea AB company group. The purchase price of EUR 17.9 million.
In terms of risks, AROBS says that its business „may be influenced by the respective economic cycles and general economic conditions. International financial and geopolitical crises, and the unstable economic environment may have significant negative effects on the Issuer’s business, or operating results and financial position. Socio-political turmoil can also impact company business”.
AROBS has RON763 million capitalization, after its shares have dropped by 20% since the beginning of the year, amid RON91 million deals.
(English version by Catalina Apostoiu)