The company DOTSOFT A.E. In 2023, it announces the financial results for the year 2024, which confirm its strategic choices and strengthen the company’s identity as a pioneer in its field of activity. The investments in the new versions of its products, the strengthening of its human resources and the stronger presence of the company abroad through new contracts in international organizations, has been reflected in its financial results for 2024, and in the high backlog exceeding €45.0 million
More specifically, for the fiscal year 2024, the turnover of the company increased by 70.7% and amounted to €14.2 million compared to €8.3 million in 2023. This increase is a result of the large number of projects undertaken by the company during 2024 but also the further strengthening of its customer base.
Gross profit during the closing year amounted to €6.3 million compared to €3.1 million in 2023, and gross profit margin reached 44% compared to 37% in 2023. mixed results in the year 2024 is mainly due to the undertaking of projects with a significant profit margin.
Earnings before interest, depreciation and impairment of intangible assets (EBITDA) increased by 108.4% compared to those in the year 2023 and amounted to €4.3 million from €2.1 million. which was in 2023, as a result of the increase in the number of new projects in Greece and abroad and maintenance contracts. The key points that reflect the dynamic growth of the company are:
- The customer base increased by 35% while the number of active maintenance contracts was maintained at a rate of 100%.
- Gross profits amounted to € 6.3 million from € 3.1 million in 2023
- Improved profit margin to 44% from 37%
- Earnings before taxes, depreciation and impairment of intangible assets (EBITDA) increased by 108.4%, compared to their 2023
- New customers, including European agencies, increased by 30%
The company’s pursuits for 2025 focus on the following points:
- Completion of all projects in the field of smart cities funded by the Recovery Fund
- Completing the upgrade and development of the company’s SaaS products
- Participation in the new round of Smart Cities competitions
- Continuation of digitization projects concerning the Land Registry, Town Planning and the Ministries of Health, Justice and Migration
- Further enhancement of the company’s participation in international competitions mainly related to European organizations in areas such as Business Intelligence Systems and Big Data Analysis (Big Data and IoT)
- Participation in Smart City Infrastructure projects by meeting the needs for specialized smart city applications and the provision of field engineering services.
The financial statements for the year 2024 are posted on the company’s website: https://www.dotsoft.gr/el/investor-relations
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.