Arobs Transilvania Software, the largest tech company listed on the Bucharest Stock Exchange, in 2024 aims to integrate the companies it has added to the group in the past two years and a half, in a bid to smooth operations between companies, cut costs and redundant functions and also maximize synergies.
“(…) Beside the potential development via M&A deals, we plan to expand organically on the markets of the EU and US by strengthening relations with existing clients,” said Voicu Oprean.
Arobs this week announced the successful closing of the share capital increase operation, via which it raised EUR28.7 million.
In 2023, the company’s turnover rose by 42% from RON299.8 million (EUR60.2 million) to RON427.2 million (EUR85.8 million). Net profit went down by 32% to RON31.9 million (EUR6.4 million).
For 2024, the company has budgeted consolidated turnover of over RON494.8 million (EUR99.4 million), up 15.8% on the year, and net profit of RON40.8 million (EUR8.2 million), 27.9% higher.
(English version by Catalina Apostoiu)