The company reported a net profit of RON6.8 million in 2019, up 5% on the year, accounting for 1% of the turnover. Its debts reached RON175.9 million end-2019, up 68% on the year, and the average staff number grew by 139 people to 1,377.
Asked to provide data on the financial results, Bitdefender representatives told ZF that the revenue data partly reflect total revenue, on a group level. “The results published in Romania reflect a little over 70% of Bitdefender turnover, on a group level,” Bitdefender representatives told Ziarul Financiar, providing information necessary to estimate the turnover on a group level: RON1 billion (approximately EUR200 million) in 2019.
Asked to provide data on the source of growth in 2019, company representatives said all business segments had a positive evolution.
For 2020, the company expects an increase in turnover of over 20%.
In 2017, Bitdefender was valued at over $600 million, following a transaction whereby European fund Vitruvian Partners, with assets of over EUR5 billion, acquired 30% of Bitdefender shares from Axxess Capital, an investment fund managed by Romanian Horia Manda, who had made the first acquisition in Bitdefender over a decade ago (a 7% stake for $7 million).
Bitdefender is about to inaugurate a global operations centers in the United States of America, per company officials.