Witbe: forecasts maintained, but share price declines
September 27, 2023 at 11:36 am
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Witbe, a specialist in the supervision of video service quality, on Wednesday maintained its forecasts for 2023 despite a market environment described as more difficult.
Despite the general economic climate, which is considered 'deleterious', the group is still aiming for annual financial targets of sales of 30 million euros and Ebitda of five million euros.
In the first half of the year, Witbe posted consolidated sales of 10.4 million euros, up +11% on the first half of 2022.
Current operating income (Ebitda) fell to 0.4 million euros, representing a margin of 4.2%, compared with 1.3 million euros (14.6%) for the same period last year.
The company - which markets its Witbox range of robots for monitoring the quality of video services - asserts that it intends to pursue its strategy of mass deployment of its products and reorganization of its operations departments, in order to produce ever more rapidly and industrially.
At around 12:30 pm, the share price was down by more than 11% on the Paris Bourse.
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Witbe specializes in business monitoring services. The company offers solutions to manage Quality of Experience (QoE) of services delivered to any platform (enterprise application, website, IPTV servers, etc.) to any device (PC, tablet, smartphone, mobile phone, etc.) and to any type of network (fixed, mobile, etc.). Witbe provides testing and monitoring system designed to help enterprises and service providers keep their commitments to their end-users by proactively identifying service defects and producing accurate, yet relevant indicators.