In a post year-end trading update, artec reported strong sales growth, with FY20 revenues rising 50% y-o-y to €3.2m (FY19: €2.0m), marginally below consensus (€3.25m). Management expects a significantly improved FY20 profit figure y-o-y when it reports its FY20 results. 24% of FY20 revenues are recurring, with contract terms of up to four years giving increasing forward visibility. Two-thirds of sales came from the security side of the business, which continues to show good momentum, while the m ....
27 Jan 2021
artec technologies - Positive FY20 progress, focus on MULTIEYE
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
artec technologies - Positive FY20 progress, focus on MULTIEYE
artec technologies AG (A6T:ETR) | 0 0 -1.0% | Mkt Cap: 9.08m
- Published:
27 Jan 2021 -
Author:
Richard Williamson -
Pages:
2
In a post year-end trading update, artec reported strong sales growth, with FY20 revenues rising 50% y-o-y to €3.2m (FY19: €2.0m), marginally below consensus (€3.25m). Management expects a significantly improved FY20 profit figure y-o-y when it reports its FY20 results. 24% of FY20 revenues are recurring, with contract terms of up to four years giving increasing forward visibility. Two-thirds of sales came from the security side of the business, which continues to show good momentum, while the m ....