Entersoft: Revenue increase by 22% in the first quarter

Entersoft: Revenue increase by 22% in the first quarter

Entersoft continued its dynamic growth in the first quarter of 2022, which despite the unfavorable situation showed an improvement in its size at almost all levels.

In particular, in its basic financial figures the company announced:

– Revenues of € 7.74 million, compared to € 6.37 million in the first quarter of 2021

– EBITDA € 2.95 million, compared to € 2.56 million in the first quarter of 2021

– Maintaining high liquidity with Cash and Cash of € 10.1 million and net cash of € 8.1 million after the subtraction of the bank loan

As Entersoft points out, the 22% increase in revenue came largely (76%) organically and the rest from the acquisition of LogOn.

In addition, a high profit margin (EBITDA) of 38% was reached, marginally increased compared to the previous 12-month period 2021 (37%).

In the first quarter of 2022, there was a significant growth of revenues in all product categories and especially in electronic pricing (Retail Link eInvoicing) which recorded a growth of 30% compared to the first quarter of 2021, as well as in Warehouse Management products where a 60% increase was achieved. compared to the corresponding quarter of 2021.

The Management’s assessment is that in the coming quarters, particularly favorable conditions are formed for the maintenance and strengthening of these growth rates, given the announcements for the announcement of projects for the Private Sector by both the new NSRF and the Recovery Fund.

Source: Capital