The board of WPTG is pleased to report very strong growth in the company group for 2023 and expecting organic revenue growth of over 20% and profit soaring by over 40% year-on-year compared to 2022. WPTG's outstanding performance during 2023 demonstrates the resilience of its diversified business model and global delivery capabilities in the face of market challenges.
WPTG expects to report:
- WPTG's revenues expanding by 20-25 % organically in FY2023
- Gross profit margin improvement to over 37%
- EBITDA rising by 40-45 % compared to the corresponding period last year
- Cash and equivalents increasing by approximately 45-50 %
WPTG continues to experience strong demand for its solutions and services globally with significant long term annuity contracts in place. Acquisition activity is expected to increase going forward given the strong footing the Group finds itself on and the relevance of the company groups business model to customers and investors.
WPTG's CEO,
COO,
WPTG's broad business mix across hardware, software, services, and annuity revenue streams enabled it to effectively navigate macro uncertainty and deliver strong performance during its maiden year as a listed company at Nasdaq First North Growth Market. Meanwhile, optimisation efforts around utilisation and global resourcing supported enhanced profitability. This trend is expected to continue.
WPTG H2 Report for 2023 will be published on Monday, 26th of
This information is such information that
For further information, please contact:
E-mail: ir@whitepearltech.com, Phone: +598 93 370 044
Jenny Öijermark, IR-Manager,
E-mail: jenny.oijermark@whitepearltech.com, Phone: +46 707340804
The Company's Certified Adviser is
About White Pearl Technology Group
https://news.cision.com/white-pearl-technology-group-ab/r/white-pearl-technology-group-expects-record-growth-and-profitability-in-2023-compared-to-2022,c3923642
https://mb.cision.com/Main/22468/3923642/2587153.pdf
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