Wirtek again raises expectations for 2020 after new customer order

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 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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