Business Forum • 1 April, 2024 at 12:39 PM
AROBS Transilvania Software, the largest technology company listed on the Bucharest Stock Exchange, targets 2024 a consolidated turnover of RON 494.9 million, normalized EBITDA of RON 92.9 million and a normalized net profit of RON 48.8 million.
“AROBS is the result of progress, determination, resilience, and the desire to grow continuously. As an entrepreneur, I always tell myself that the lessons learned are the most valuable following a less successful investment. In 2024, we aim to continue focusing on strategic expansion, innovation, and operational efficiency. We are determined to push our boundaries, identify new growth opportunities, and consolidate the 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 integrating the new companies in 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. We will have maximum focus on performance and delivering added value to customers. I strongly believe that together with our partners and collaborators, we participate in building the technology solutions that will define the future, whether we are talking about big data, data analysis, or AI", stated Voicu Oprean, founder and CEO of AROBS.
In 2024, AROBS will focus on the integration process of the group's entities, which in some cases will also include the absorption of acquired entities to simplify the group's structure, facilitate operations between companies, reduce costs and redundant functionalities, and maximize synergies.
Bogdan Ciungradi, AROBS CFO, added: "2023 was a year of major changes in the technology field, but also at the legislative level that had an impact on the Group's activity in the last year's quarter. These changes will continue to pressure the entire IT industry in Romania in 2024. At the same time, 2023 was a year with significant pressure on the profitability of IT companies. For this reason, in 2024, we expect it to be just as intense from this perspective, and in AROBS, we are focusing on optimizing all operations."
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 carefully analyzing the present opportunities, focusing on synergies, complementarities, and solid results of potential acquisitions. For this purpose, the group considers using its own reserves and financing from specific sources in the capital market in the medium and long term.
Last but not least, considering that the success of AROBS is directly linked to the talented and dedicated teams within the Group, in 2024, AROBS will continue to implement innovative motivation and retention programs that not only recognize and reward individual and team achievements but also promotes efficiency and operational excellence. Thus, AROBS intends to continue supporting the professional development opportunities of its teams, as well as by continuing the Stock Option Plan programs. At the same time, in 2024 and 2025, the distribution cycle of the shares transferred by the founder Voicu Oprean at a nominal value to AROBS before the listing of the company on the AeRO market of the Bucharest Stock Exchange in 2021 will be completed. The 40 million shares have covered all three SOP programs implemented by the company as of November 2021.
In 2023, AROBS recorded a consolidated turnover of RON 427.3 million, a 43% increase compared to 2022, a normalized EBITDA of RON 92.6 million, +21%, and a normalized net profit of RON 51 million, down 4% compared to 2022, due to the group integration process of the companies acquired in the last two and a half years.
AROBS Transilvania Software provides software services and solutions in various industries, having approximately 70 partners of the Software Services business line located in Europe and America and more than 11.000 clients of the Software Products business lines from Europe and Asia. AROBS is present in 11 locations in Romania and nine abroad, and over 1.300 AROBS specialists build solutions for the future in embedded - Automotive, Aerospace, Maritime, and Medical - as well as Travel Technology, IoT, Clinical Trials, Fintech, Enterprise Solutions, Cybersecurity, and Intelligent Automation.