Allterco JSCo announces Guidance 2023 and medium-term growth targets to 2026
Allterco JSCo / Key word(s): Forecast
Publication of inside information according to Article 17 MAR
Sofia / Munich, 15 May 2023 – Allterco JSCo (“Allterco” / “the Company”) announced its guidance for the current financial year 2023 and its medium-term growth targets to 2026. For the current financial year 2023, the Board of Directors expects IoT revenue from sales of devices and related services of EUR 72.0 million (BGN 140.8 million) compared to EUR 47.6 million in the previous year (BGN 93.1 million). 2023 earnings before interest and taxes (EBIT) are likely to be above EUR 17.0 million (BGN 33.2 million) compared to EUR 10.4 million in the previous year (BGN 20.3 million). Based on its expansion efforts and the market launch of new products, Allterco projects average annual growth of around 43.2% in the medium term to a revenue target of more than EUR 200.0 million by the end of 2026. For EBIT, the medium-term target is above EUR 50.0 million by the end of 2026, with average annual growth of around 48.1%.
Medium-term growth targets 2023 – 2026 (in EUR million)
Note: EUR/BGN exchange rate fixed at EUR 1 = BGN 1.95583.
For further information, please visit allterco.com.
15-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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