Financial report for Q2 2020 Published: Revenue Growth of 23% and increased profitability

Financial report for Q2 2020 Published: Revenue Growth of 23% 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 A/S is a Danish consultancy services company delivering software development and testing services. We provide our customers with flexible services of high quality at competitive prices from our Development and Test Centers in Romania. Our competencies include web-based, mobile as well as embedded software solutions, quality assurance and product testing. Wirtek focuses on building long-term customer partnerships that create added value for our customers. The Wirtek Group consists of Wirtek A/S and the wholly-owned subsidiary  Wirtek SRL in Romania.

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

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