As a result of the implementation of the aforementioned transaction, the Company holds, indirectly, through AROBS Pannonia Software, 100% of the share capital of the company Skyshield Magyarország Kft, which is also specialized in fleet management services.
„AROBS Pannonia Software currently has over 20 specialists and, since the debut of its activity in 2011, the team has delivered fleet management services to over 1,000 clients in Hungary. AROBS Pannonia Software’s management will continue to be ensured by Mr. Robert Vegh in his capacity as General Manager. The company’s financial results will be included in the consolidated financial statements of AROBS Transilvania Software starting with Q3 2023,” state Arobs representatives, without unveiling the deal price.
Voicu Oprean, the head of Arobs, said in spring the company wants to seal three-four acquisitions in 2023 and plans to carry out the transfer from AeRO to the main market of the Bucharest Stock Exchange.
The company posted consolidated operating revenue of RON133.2 million in the first quarter of 2023, an increase of 113% on the year-ago period, RON131.3 million revenue, 113% higher, normalized EBITDA of RON25.5 million, 18% higher and normalized net profit of RON19.3 million, an increase of 13%.
Arobs has a capitalization of around RON857 million, after its shares have added 16% since the start of the year and 5.8% in the past 12 months. Its share capital is 63.3% owned by CEO and founder Voicu Oprean.
(English version by Catalina Apostoiu)