Wirtek again raises expectations for 2020 after new customer order

Wirtek has just published a Nasdaq Copenhagen announcement where we raise our expectations for the second time this year.

We are currently experiencing a strong momentum. We have just received a new order from one of our American customers which will be fulfilled this year. This order affects both the top line and the bottom line positively during the coming months. In addition, we see a reduced risk of negative impact from COVID-19 to our business during the remaining part of 2020. As a result, we expect a continuing strong level of activity as well as close to optimal utilization of our capacity in our Romanian subsidiary.

The Board of Directors has therefore decided to raise our 2020 expectations for pre-tax profit to DKK 2.4 – 2.7 mill. (up from previously DKK 1.9 – 2.2 mill.), a growth of 79% – 101% compared to 2019.

Revenue for 2020 is expected to be in the interval DKK 27 – 28 mill., a growth of 16% – 21% compared to 2019.

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)

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