Net profit meanwhile reached RON14.9 million, up 14% on the first quarter of 2021, and EBITDA (earnings before interest, taxes, depreciation and amortization) reached RON17.4 million, up 22%, according to the quarterly report published on the Bucharest Stock Exchange.
“In 2022, the company will continue with its announced investment plans, both by carrying out M&A transactions and by developing new expertise with high demand in the global software services market. AROBS is in a context where automation and simplification of work processes in companies and organizations around the world will continue to be the trends in the tech industry in the medium to long run,” the report said.
AROBS shares have lost 1.4% this year on transactions of RON78.6 million, outperforming the liquidity of some issuers included in BET, the Bucharest Stock Exchange’s benchmark index. The company’s market value stands at almost RON900 million.
(English version by Loredana Fratila-Cristescu)