Q2 2020 financial report: 23% revenue growth and increased profitability

Wirtek has just published the financial report for Q2 2020. Revenue shows a growth of 23% during the quarter compared to Q2 2019 and EBITDA increased by 103%. The cash position continues to be very strong and Wirtek has no debt. The Board is very satisfied with these results, especially while having to navigate the COVID-19 pandemic.

For 2020 the Board expects revenue growth in the interval 12% – 21% and an increase in result before taxes (EBT) in the interval 41% – 64% (increased from previously 15% – 30%). The cash position is expected to strengthen further during H2 2020.

The full financial report for Q2 2020 is available for download here (in Danish).

Why Wirtek

Wirtek is a Danish IT outsourcing company. Since 2001, we have been teaming up with companies to help them create great software solutions and electronic equipment products.

Several clients have been with us for 10+ years, so we can confidently say that in outsourcing, the quality of the relationship matters just as much as the quality of the delivered software. Our clients get state-of-the-art technical solutions and a committed team that works with them as if it were their own.

Wirtek has offices in Denmark (HQ + sales) and three development and test centres in Romania, and we are 100+ colleagues. Wirtek was listed at Nasdaq First North Growth Market Denmark in 2006.

Wirtek A/S is listed on Nasdaq Copenhagen – WIRTEK (DK0060040913)

Wirtek-investors-2

 

Stay updated

Do you want to keep up with the latest client stories, outsourcing insights and Wirtek news? Sign up for our newsletter.