Consolidated revenue for the first three months of 2023 reached €30.2 million, representing 9.4% growth compared to the €27.6 million recorded in the same period of 2022.
Glintt – Global Intelligent Technologies posted a net profit of €922,000 in the first quarter of 2023, representing 3.5% growth compared to the same period the previous year. This result was driven mainly by an improved operating margin.
Consolidated revenue for the first three months of 2023 reached €30.2 million, representing 9.4% growth compared to the €27.6 million recorded in the same period of 2022. The domestic market grew by 7% and the international market by 14%.
“The organic growth recorded stems from the Pharmacy areas in Portugal and Spain, with particular emphasis on the sale and installation of equipment, and hospital software in Spain,” Glintt states.
“Regarding the composition of revenue, the sales component stands out, with a 13.5% increase, driven not only by the international market but also by strong performance in the domestic market, with an increase in robot installations and the sale of hospital equipment and infrastructure,” it adds.
Gross operating profit (EBITDA) in the first quarter of 2023 stood at around €4.8 million, an increase of €0.4 million (8.9%) compared to the previous year, driven by higher revenue and an improved gross margin.
Glintt states that it “remains committed to achieving greater operational efficiency and better aligning its offering with client needs.”
According to Luís Cocco, Glintt’s CEO, “the start of 2023 continued to see instability in financial markets, high inflation rates and ongoing interest rate increases.”
“Glintt’s management remains attentive and is closely monitoring economic developments and, based on the information available to date, Glintt is expected to maintain sustained growth in 2023 in terms of revenue, EBITDA and net profit,” the company’s CEO states in a statement.
“Glintt is successfully executing the strategy defined to maximize medium-term value for stakeholders, namely shareholders, employees, clients, suppliers, partners and lenders,” he adds.
Source: O Jornal Económico
