Epsilon Net's sales in the first quarter of 2024 amounted to €27,72 million, recording an increase of 33,38% compared to the same period last year. Net profit before tax increased by 42.86% to €7.9 million.

In Q1 2024, Group’s Equity increased to €67.30 million, and cash & cash equivalents amounted to €28.52 million. Negative net debt stood at €10.47 mil. (while in the calculation of negative borrowing, an amount of €3.38 mil. was not included, invested in fixed-income securities, compared to a corresponding amount of €3.18 mil. in Q1 2023).

The Group continues to consistently implement its business planning in all areas in which it operates. In parallel with the business development goals in Greece and abroad, a plan of action is in progress to enhance the level of organization and operation of the group, aiming to upgrade its efficiency as well as implement significant new investments in the areas of building infrastructure, security, fintech, business software, & AI in order to ensure its leading position for the next five years.

group's Management estimates that the investments of Greek businesses in the field of digital transformation will continue due to the dynamics of the economy and the parallel provision of incentives through the financial programs of the RECOVERY FUND & the NSRF 2021–2027. The positive results of Q1 2024 reward the Group's policy for the development and distribution of all-in-one solution products & services and its goal to continuously expand market share. From the position of the largest Business Software & Technology Solutions Group in Greece, we consistently continue the implementation of business planning for the period 2023–2025.