The first half report published on the Bucharest Stock Exchange on Monday evening says the primary reason behind the significant increase in revenue was the recurring contracts that the company has been signing with clients, for cybersecurity monitoring, since the end of 2020, but also because of the increased demand for cybersecurity solutions.
“These are contracts with clients who are invoiced monthly, under medium-term contracts (average 3-years).”
SafeTech has a market capitalization of about RON232 million. Its shares closed at RON14.84 on Monday, 0.14% lower than in the previous session.
(English version by Loredana Fratila-Cristescu)