In parallel, total revenues rose by 70% year-on-year, to RON9 million.
The 1Q/2023 positive results came amid continuous increase in requests for cybersecurity services and solutions.
Cybersecurity services contributed 46% to the total turnover and implementation of cybersecurity solutions contributed 54%. In the first three months of 2023, Safetech Innovations gained four new clients from the Romanian market.
For 2023, the company’s main objectives focus on strengthening its local operations, both by boosting the number of new clients and of recurrent contracts and the development of the UK and US subsidiaries.
In this context, Safetech Innovations aims for consolidated turnover of RON58.1 million and net profit worth RON13.9 million. The company also plans to introduce new services and solutions.
Safetech Innovations has been listed on the main market of the Bucharest Stock Exchange since February 6, 2023 and now has a market capitalization of around RON205 million.
(English version by Catalina Apostoiu)