Current Report no. 18 / 2024
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Current report according to
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Law 24/2017, ASF Regulation 5/2018
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Date of report
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23.02.2024
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Company name
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BITTNET SYSTEMS S.A.
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Social address
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44, Sergent Ion Nutu, One Cotroceni Park, building A and B, 4th floor, district 5, Bucharest
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Headquarters
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44, Sergent Ion Nutu, One Cotroceni Park, building A and B, 4th floor, district 5, Bucharest
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Phone/Fax
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021.527.16.00 / 021.527.16.98
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CUI
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21181848
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Trade Register No
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J40/3752/2007
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The market on which the shares are traded
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Segment: Main Market; Category: Standard
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Symbol
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BNET - shares
BNET26E, BNET27A, BNET28 – bonds
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Share capital
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RON 63,417,671.40
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The main characteristics of securities issued
by the Company
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634,176,714 shares at a face value of RON 0.10
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Consolidated financial results, preliminary, unaudited FY2023
BITTNET SYSTEMS SA (hereinafter referred to as the "Company" / "Issuer" / "Group") informs investors and interested parties about the availability of the IFRS consolidated financial results, preliminary, unaudited, related to the year 2023.
The report includes the Letter from the CEO, the Group's activities in 2023, the analysis and comparative results for each of the four business units – Education, Digital Infrastructure, Cybersecurity, Platforms & software – the context and business prospects for the future as well as the indicative budget proposal for the year 2024.
The report is available in html format, easy to navigate by section, on the company website dedicated to investor relations, direct link here, as well as in pdf format, attached to this current report.
Key indicators for 2023:
· Revenues : 383 million ron (+100% vs 2022)
· Gross margin: 65 million ron (+53% vs 2022)
· Operating profit: 12 million ron (+46% vs 2022)
· Gross profit: 1.6 million ron (versus a loss of 2 million ron in 2022)
· Cash flow generated from operating activity: +61 million ron
· Cash position on December 31: 73.3 million ron
· Equity: 91 million ron (+59% versus 2022)
Conference for analysts & investors: The conference call to present the preliminary unaudited financial results will take place on Tuesday, February 27, 2023, starting at 11:00 a.m. Romanian time (EET). The public access link is available HERE.
President of the Board
Mihai-Alexandru-Constantin LOGOFATU