DOTSOFT S.A.: Significant strengthening of financial figures for the first half of 2024

The company DOTSOFT SA (the “Company”), consistently implementing its business planning for the period 2024-2025, noted during the first half of 2024 a significant strengthening of its financial sizes, at the same time strengthening its position between In the companies in the sector that provide solutions in the field of applications for smart cities in the Greek market.

More specifically, the Company during the first half of 2024 recorded sales of €5.01 million, earnings before taxes, interest and depreciation (EBITDA) of €1.17 million, and pre-tax profits of €0.98 million compared to With the corresponding half of 2023, sales increased by 178%, EBITDA by 309%, and pre-tax earnings by 300%.

Regarding the sales structure, the company during the first half of 2024, strengthened its presence and the number of new projects, mainly in the Greek market, as shown below:

1/1-30/06/2024  

% of work cycle

1/1-30/06/2023

% turnover

Public Sector Projects
4.093.232
82%
1.163.571
65%

International Projects
150.166
3%
453.280
25%

Private sector projects
764.365
15%
181.685
10%

Total
5.007.762
 
1.798.535

It is worth noting that despite the significant increase in turnover and profitability of the company in the first half of 2024 compared to the corresponding period of 2023, the second half of each year is traditionally the best half for the company, which estimates Similar rates of increase in sizes to those of the second semester of the previous year (2023).

The course of the company’s financial figures confirms the strategies in the current period
of options as to:

✓ targeting high growth rates and further utilizing the existing clientele;

✓ The continuous development of its portfolio of specialized products, for each of its sectors with the aim of providing One Stop Shop for Smart City solutions, and

✓ The implementation of an ambitious and dynamic investment plan.

In conclusion for the whole of 2024, the company expects to maintain its revenue growth, EBITDA and profitability. In the current time period, the company implements an investment plan of €1.2 million, while maintaining a backlog of projects until 2026 amounting to more than €40 million, which it estimates will be further strengthened.

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.