Softweb's figures are on the rise this year, with the company's management expecting an increase in profitability for the full fiscal year compared to 2024. The increased figures come as a result of new partnerships that the listed company has entered into on the Athens Exchange's Alternative Market, as well as increased sales. The profit margins are expected to increase further as it optimises its operating costs. Entering new markets (beyond the deal in the Arab Emirates) is on Softweb's business plan. 

ACTIVITIES

The company is active in:

• development services
• installation services.
•  software supportcomputer systems

It employs 26 people and develops solutions for the following sectors:

•  Pharmaceutical industry
•  Cosmetics
• Food and beverage
• Tourism
•  Industries
•  Fashion
• Trade

CUSTOMERS

Its clientele is constantly expanding, reaching about 1.100 companies, including
including:

• Vianex
•  Dromeas
• Eurolamp
•  Isomat
•  Coca Cola
•  Ianos
• Vickos
•  Skag
•  Karag
•  FDV
•  Monoseto
• Kechris

 LIQUIDITY

Free cash flow for FY2023 was positive by €205k, contributing to the increase in cash and cash equivalents. Equity in 2023 was €625 thousand, down from €380.4 thousand at the end of 2022, and showed a return of 39.1% compared to 28.1% in 2022. With the IPO of 880 thousand new ordinary shares, equity increased by €756.8 thousand, approaching €1.4 million. 

THE MIDDLE EAST IN THE SPOTLIGHT

The company recently entered into a strategic partnership with a local agent in the United Arab Emirates, which BnB Daily understands unlocks the Middle East market, as more moves are expected. The company believes there are significant growth opportunities in the region and potential for portfolio enrichment.  This partnership is part of its overall strategy for international growth and expanding its operations in markets with high growth potential. Softweb's partner in the UAE has the expertise and network to support the adoption of its products and services by local businesses and organisations, creating new prospects for its commercial activity.