AROBS Transilvania Software aims for a net profit of 48.8 million RON in 2024

AROBS Transilvania Software, the largest technology company listed on the Bucharest Stock Exchange, aims for a consolidated turnover of 494.9 million RON and a normalized net profit of 48.8 million RON in 2024, according to a company report.

“In 2024 we aim to continue activities focused on strategic expansion, innovation and operational efficiency. We are determined to push our limits, identify new growth opportunities, as well as strengthen relationships with our partners and customers, both in the markets where we are already present and in the new ones. Our efforts are mainly directed towards the integration of newcomers into the group, optimization of processes, development on accelerated technologies, while taking care of the teams within the group, which are the basis of our success,” said Voicu Oprean, founder and CEO of AROBS.

In 2024, AROBS will focus on the process of integrating entities in the group, a process that in some cases will also include the absorption of acquired entities to simplify the structure of the Group, to facilitate operations between companies, reduce costs and redundant functions, and to maximize synergies.

In terms of group expansion, in 2024 AROBS aims to expand organically in the European Union and US markets through even greater proximity to customers and global technology centers. In terms of M&A activity, AROBS will continue the acquisition process by extremely carefully examining the present opportunities, focusing on synergies, complementarities, and solid results of potential acquisitions. For this purpose, in the medium and long term, the group considers using its own reserves and obtaining financing from sources specific to the capital market.

In 2023, AROBS recorded a consolidated turnover of 427.3 million RON, an increase of 43 percent compared to 2022, normalized EBITDA of 92.6 million RON, an increase of 21 percent and a normalized net profit of 51 million RON, down 4 percent compared to 2022, due to the group integration process of the companies acquired in the last two and a half years.