Space Hellas is growing in size in 2024 as it undertakes new projects and increases its market footprint. The increase is not only in revenue but also in profitability, with margins increasing. The company expects to sign €150 million in contracts, which are starting to be executed, while at the same time a major project is coming through a contract with the Information Society for a project to secure personal data based on European legislation. 

ACQUISITIONS

At the same time, the company is looking for potential targets for acquisitions. The profiles of the companies it has targeted are profitable,  have a complementary portfolio to that of Space Hellas, and are positioned in niche markets that offer the possibility of expanding the listed company's portfolio. 

THE OUTLOOK 

The guidance is positive for the following three reasons: - The Recovery Fund projects are giving large contracts and increasing the scope of IT companies; - The acceleration of digital transformation in the private sector, as projects are increasing through it The expected interest rate cuts from the ECB are gradually bringing down the cost of servicing borrowing and new financing