Epsilon Net: For a turnover of over 50 million euros in the whole of 2021

The EPSILON NET Group of Companies notes in its announcement that, based on the current data, the initial estimate of the Group’s Management is fully confirmed that 2021 will be a milestone year in the Group’s business course, since based on the latest developments. sales during the Fourth Quarter of the current year, the estimated Turnover of the Group for 2021 will exceed 50,000,000 € with a correspondingly significant effect on the increase of profitability.

At the same time, a significant quantitative & qualitative expansion of the customer base is achieved, which is one of the main goals of the medium-term management planning, as it will be the starting point for the new development cycle of the Group, both in the Greek market and abroad.

More specifically, the new product group of the Epsilon Smart series of the parent company, which is the most complete web solution of the Group for Electronic Invoicing and the connection with the my DATA platform of A.A.D.E. for small and medium enterprises & freelancers, it has already exceeded 50,000 subscriptions in about a year of operation and continues its course on a daily basis, with a correspondingly increasing rate (www.epsilonsmart.gr). Epsilon Smart, guarantees the easy fulfillment of the obligations of the Electronic Books, the online connection with the accountant and / or the bank, the issuance of documents and the organization of the daily works of a company, with automatic constant updates of publications, without requiring additional investments in equipment.

It operates in a Web environment, making the most of Microsoft’s reliability and Microsoft Azure technology capabilities. With an emphasis on ease of use and remote access from any device, the solution is available on all Android & iOS devices, working on PC, laptop, tablet and smartphone. At the same time, it connects online with all the accounting applications of the EPSILON NET Group, creating a unified system with the accounting applications, without the complicated traditional 2 file exchange procedures, which adds significantly to the reliability and ease of information management, taking into account the fact that the accounting applications of EPSILON NET already hold an overwhelmingly large share in the accounting and tax offices.

In addition, it is worth mentioning that Epsilon Smart, by combining the use of Epsilon Digital, the certified electronic invoicing provider of EPSILON NET, enables the inclusion in the whole framework of the tax incentives that have been established by A.A.D. E, offering a complete solution for both wholesale and retail sales, enabling the complete replacement of the use of a cash register or tax mechanism. The significant success of this series of products, defines the leading position of the Group in the numerous group of small businesses that until today the majority of them did not use Business Software systems in their daily operation.

Due to the specific success, but also the overall planning for the digital transformation of companies that is expected to be strengthened in particular by the funds of the Development Fund and the NSRF 2021-2027, it is estimated that in the coming years, in addition to significant recurring revenue, significant increase in revenue per customer, through the promotion of new specialized subsystems (modules) and services. Based on all the above and the successful completion of the strategic acquisitions of 2020 and 2021, the management estimates that the total number of companies of all sizes, served by the Group companies, will exceed the number of 100,000 customers at the end of the current year. The significant increase of the customer base, is the starting point for achieving a significant amount of annual recurring income and increasing positive operating cash flows, which are the basis for the continuous development of the EPSILON NET Group.