H.I.G. Capital’s Post

We have just published the preliminary financial results for 2023. We ended the year with a consolidated turnover of 428 million lei in 2023, a normalized EBITDA of 93 million lei, and a normalized net profit of 52 million lei. "2023 was a year marked by a turbulent market in the technology area. This was seen in most of the IT companies listed both internationally and locally. It was a year of massive optimizations in IT with pressure on companies' profitability indicators. In this context, we at AROBS have continued to grow despite these adversities," stated Voicu Oprean, founder and CEO of AROBS. We are proud of our team for everything we’ve accomplished this year—our transfer to the Main Market of the Bucharest Stock Exchange / Bursa de Valori Bucuresti (BVB), significant additions to AROBS Group, the consolidation of our business lines, and successful partnerships with clients on three continents. We’d like to thank our team, shareholders, and partners for their support. Read more: https://lnkd.in/db2BkXhC #WeWontStop #PreliminaryFinancialResults #BVB

We published our Preliminary Consolidated Financial report for 2023 today. The report demonstrates that 2023 Revenues performance accross all segments is the direct result of expansion and diversification strategy, the continuous investments in technology, and the professional development of our colleagues within AROBS. Although influenced by the integration process, the financial KPI's reflect a focused management of resources and highlight that we have been able to capitalize on growth opportunities in a challenging market environment. #WeWontStop #BVB #growth

2023 was a year marked by a turbulent market in the technology area; this was seen in most of the IT companies listed both internationally and locally. It was a year of massive optimizations in IT with pressure on companies' profitability indicators. In this context, we at AROBS Group have continued to grow despite adversities. We have grown rapidly organically but also by completing 10 M&A transactions since December 2021. During this period, we have acquired companies that operate in the same industry and bring added value by consolidating and expanding AROBS's areas of expertise and geographical footprint. In 2024, our main objective remains the successful integration of the companies we have added to the Group in the last two years, a process that, in some cases, will also include the absorption of acquired entities. We aim to simplify the Group's structure and streamline operations between companies. We published our Preliminary Consolidated Financial report, and I would like to thank our #AROBS team, investors, and partners for their trust and support. #WeWontStop #BVB #growth

KEY HIGHLIGHTS DSE recorded a total turnover of TZS 770.89 mln from 1,551,552 shares traded in 278 deals. TCCL and NICO share price appreciated by 2.61% and 1.96% settling at 2360 and 520 respectively. DCB share price depreciated by 3.57%. With the cross-listed companies, EABL’s price appreciated 1.25% while KCB depreciated by 1.59%. In the bond market, total transactions amounted to TZS 9.83 billion from bond traded in 14 deals. The market traded 20-year bond at a premium of 109.7605. 25-year bonds and 15-year bonds traded at discounts of 88.2354 and 95.4490 respectively. NMB bond traded at an average price of 97.0001.

KEY HIGHLIGHTS DSE recorded a total turnover of TZS 166.52 mln from 270,746 shares traded in 193 deals. None of the domestic listed companies declined in price. TPCC share price appreciated by 2.83% to reach 4360. While NICO and TCCL share prices appreciated by 2.04% and 0.95% to reach 500 and 2120.   With the cross-listed companies, JHL share price climbed by 1.37% to reach 2960. NMG, KCB and EABL share prices dropped by 1.54%, 1.41% and 1.09% respectively.   The bond market registered total transactions of TZS 3.52 Billion from bond traded in 34 deals. The market traded 25-year bonds and 15-year bond at discounts.

KEY HIGHLIGHTS DSE recorded a total turnover of TZS 123.87 mln from 154,576 shares traded in 263 deals. NICO and TICL share prices appreciated by 6.56% and 5.41% reaching 650 and 195, while TPCC share prices declined by 0.46% closing the day at 4300. In the bond market, total transactions amounted to TZS 0.32 Billion from bond traded in 11 deals. The market saw the trading of a 25-year bond and a 20-year bond at prices of 88.6626 and 102.4103, respectively.

KEY HIGHLIGHTS DSE recorded a total turnover of TZS 331.55 mln from 281,644 shares traded in 197 deals. The market closed in green DCB share prices climbed 7.69% to reach 140. On the cross-listed companies EABL and NMG share price appreciated by 7.69% and 1.56% to reach 1960 and 325 respectively.   On the Block Trade Pre-arranged Market board, NMB counter traded a block of 47,704 shares at an average price of 4502.   The bond market registered total transactions of TZS 19.86 billion from bonds traded in 29 deals. 20-year bond and 15 year bond traded at premium, while 25 year bond and NMB bond traded at discount.

KEY HIGHLIGHTS DSE reported a total turnover of TZS 679.75 million from 194,575 shares traded in 156 deals. DCB's share price climbed by 7.14% to 150, while SWIS and NMB saw declines of 6.67% and 0.85% respectively, settling at 1120 and 4660.   On the Block Trade Pre-arranged Market board, TBL traded a block of 100,000 shares at a price of 5500 per share.   In the bond market, total transactions amounted to TZS 0.17 billion from bonds traded in 2 deals. The market saw the trading of a 25-year bond and a 20-year bond at prices of 90.0000 and 113.7210, respectively. NMB's bond traded at a price of 87.000.

#ExMGames #ExMtrainingAPP The freight and logistics market in Canada is expected to reach US $106.37 billion in 2024 and is projected to reach US $133.55 billion by 2029. The compound annual growth rate(CAGR)during the forecast period (2024-2029)is estimated to be 4.66%.

📢 Verallia's 2024 first half results: solid profitability in a difficult market environment, thanks in particular to the industrial performance action plan (PAP) and the fundamentals of our business. ➡️ €1,765 million of revenue ➡️ Adjusted EBITDA margin at 24.4% ➡️ Recovery in activity confirmed but at a slower pace than expected Discover our press release now ⬇️ https://lnkd.in/eWCTukDk #verallia #glassindustry #businessperformance