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Contact details:

Ioanna Krasopoulou Head of Shareholder and Corporate Announcements Department Τ: 0030- 2109525001, email: ir@entersoft.gr

Entersoft: Revenue growth by 12% in 1st Quarter

Athens, April 30, 2024

Entersoft announces its key financials for 1st Quarter 2024:

  • Revenues of €11.3 million, increased by 12% compared to Q1 2023 (€10.1 million)
  • EBITDA of €4.3 million, increased by 9% compared to the same period last year (€3.9 million)
  • Earnings before Taxes of €3.37 million, +9% compared to the same period last year (€3.1 million)
  • Cash balance of €12.3 million, compared to €11.2 million at the end of 2023 and net cash of €4 million net of outstanding bank borrowings of €8.3 million.

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The growth of the Group's revenues during the 1st quarter is organic and considered satisfactory since it performed in line with expectations. Of all the Group's activities, the highest growth is realized in electronic invoicing services as well as ERP software. The management estimates that in the coming quarters the growth rate will strengthen, as a result of the seasonality of the revenues and the basis of comparison with the corresponding figures of 2023.

Entersoft is a group of IT companies that provides a wide range of software and specialized solutions (ERP, CRM, SCM, Retail, Mobile, HRM, eInvoicing, eCommerce) to companies of all sizes for the automation of all units, departments and business activities using integrated innovations (Cloud, SaaS, Web, BI, AI, ML, etc.). With a systematic implementation, training and support methodology, it covers all vertical markets such as Manufacturing, Commerce, Retail, Retail, Food & Hospitality, Services, Primary Sector, Logistics and Healthcare. Being listed on the Athens Stock Exchange Regulated Market, it has significant export activity and serves thousands of customers in over 40 countries with mission-critical software. It has well-trained and certified executives and a quality network of partners with significant expertise and has shown strong growth rates over time.

⚫Athens: 362 Siggrou Ave. & Evripidou, GR 17674 Kallithea|T:+30 211 101 5000|info@entersoft.gr|www.entersoft.eu

⚫Thessaloniki: 21 Ant. Tritsi, GR 57001 Pilaia |T:+30 2310 804840|info@entersoft.gr|www.entersoft.eu

⚫Patras: Othonos & Amalias 56, GR 26221 |T:+30 261 1104620|info@entersoft.gr|www.entersoft.eu

⚫Larisa: Farsalon 113, GR 41335 |T: +30 2410 670060|info@entersoft.gr|www.entersoft.eu

⚫Bucharest: 43 Polona Str., 6th floor, RO 010493|T:+40 21 230 1201|sales@entersoft.ro|www.entersoft.ro

⚫Sofia: EVROTUR Business Center, 12 Mihail Tenev, 6thfl./21st, BG 1784|T: +359 879 920002|info@entersoft.bg|www.entersoft.bg

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Entersoft SA published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 06:45:54 UTC.