The global IT-service provider
Highlights
- EBITA grew 34.67% to
SEK 16.7 million (H1 2022:SEK 12.4 million ), as profitability improved on account of operating leverage. -
Cash flow from operating activities rose to
SEK 10.2 million (H1 2022:SEK 7.7 million ), indicating healthy cash generation to fund expansion. -
Bottom-line profitability remained strong as well, with profit after tax at
SEK 16.2 million owing to well-controlled expenses and higher efficiency.
Growth by Segment: Analysis of the growth by segment (approximate percentages) as follows (for H1 2023 compared to H1 2022):
- Hardware sales grew by over 65%, driven by strong infrastructure demand as enterprises accelerated digital adoption.
- Software license revenue was up by over 35% as customers scaled the implementation of our proprietary platforms.
- Subscription revenue sharply rose by over 75% with SaaS adoption seeing steep growth across sectors.
- Services implementation steadily grew by 30% albeit from a large base as digital transformation engagements scaled.
- Support and maintenance annuity revenue was up over 55% providing stable recurring income.
Significant Events
- On
April 11, 2023 ,DS Plattformen AB completed the acquisition ofWhitepearl Holdings Limited . This acquisition received the green light at the Annual General Meeting, marking a significant step forward for both companies. -
Reflecting the evolving direction,
DS Plattformen AB underwent a transformative rebranding, adopting the nameWhite Pearl Technology Group AB . This strategic name change was accompanied by an exciting development-the company's official listing on the Nasdaq First North Growth Market, a momentous achievement realised onJune 29, 2023 .
CEO Commentary
WPTG delivered a resilient performance in the 2023 year despite turbulent macroeconomic conditions globally. We achieved approximately 48% year-on-year organic revenue growth to reach
Read the Interim Report for January to
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--interim-report-of-half-year-2023--january-to-june,c3827078
https://mb.cision.com/Main/22468/3827078/2265662.pdf
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