DOTSOFT A.E. It presents its financial results for 2023, which reflect strong growth, with a significant increase in sales and net profitability, in percentages that move at 115% and 103.5% respectively.
2023 was another year of intense activity in the projects of the Greek State as more than 40 new projects were completed. In particular, the company managed to strengthen all its facilities in terms of the projects of smart cities but at the same time, to sign subcontracting contracts in major digitization projects that started in 2023.
In this context, DOTSOFT A.E. It achieved in 2023 a strong turnover growth of €8.34 million compared to €3.84 million in the corresponding period of 2022. Profits before taxes, financial results and depreciation (EBITDA) amounted to €2.09 million increased by 85% compared to the corresponding €1.13 million of the 2022 financial year as a result of the increase in turnover. Pre-tax profits increased in 2023 to €1.83 million from €983.8 thousand in 2022, while profit after tax increased by 104% to €1.49 million from €729.0 thousand. At the same time, the company achieved for another year a high gross profit margin of 37% compared to 38% in 2022. In addition, a significant increase was recorded in the company’s total cash reserves, which increased by 189% to reach €1.90 million at the end of 2023 compared to €658.80 thousand in 2022. Finally, the general liquidity ratio rose to 2.55 compared to 2.69 in 2022.
For 2024, the company estimates that, as long as the general geopolitical and macroeconomic situation is not burdened, it will continue at corresponding growth rates as in 2023 in the markets of the Greek State with an emphasis on the projects of smart cities as well as digitization. The company’s strategy for 2024 focuses on the following objectives:
- Initiation and implementation of major projects in the field of smart cities and which are financed by the Recovery Fund.
- Strengthening the company’s participation in international competitions concerning European organizations in areas such as business intelligence systems and big data analysis (big data) but also projects with virtual and augmented reality technologies.
- Participation in Smart City Infrastructure Projects projects meeting the needs for specialized smart city applications and the provision of field engineering services.
DOTSOFT A.E. It closed the year 2023 with excellent results, confirming its strong market position with projects in the Greek State and digitization. These performances are the foundation for continued growth and success in the future. The company intends to take advantage of new opportunities, continuing to be a pioneer in the development of smart cities and digital transition, with an emphasis on exceptional quality and innovation.
This text has been translated automatically from the original Greek. In case of any discrepancy or inaccuracy, the original Greek text prevails. The translation is provided for information purposes only.