Romanian technology group AROBS Transilvania Software (BVB: AROBS) reported higher first-half earnings on Wednesday, August 27, supported by acquisitions and international expansion, even as its core automotive software business slowed.<\/p>\n
AROBS posted consolidated revenues of RON 215.4 million (EUR 43.2 million) in January\u2013June, up 4% year-on-year. EBITDA rose 8% to RON 31.1 million, with a 14% margin, while operating profit climbed 3% to RON 14.2 million. Net profit stood at RON 10.2 million, broadly flat compared to a year earlier, the company said.<\/p>\n
\u201cThe results confirm the stability of our diversified business model and our international expansion strategy,\u201d founder and CEO Voicu Oprean<\/strong> said in a statement.<\/p>\n The \u201cSoftware Services\u201d division, the company\u2019s largest unit, saw revenues fall 15% to RON 141.3 million, hit by continued weakness in the automotive sector. By contrast, \u201cSoftware Products\u201d revenues jumped 23% to RON 46.3 million, while \u201cIntegrated Systems\u201d surged to RON 27.7 million, helped by strategic public-sector digitalisation projects.<\/p>\n CFO Bogdan Ciungradi said acquisitions and external projects underpinned EBITDA growth, while currency volatility weighed on net profit. He added that the company\u2019s solid cash position and low debt provided flexibility for further investments.<\/p>\n AROBS completed two acquisitions in the first half: SVT Electronics, a provider of tachograph data solutions for transport, and 70% of US-based Codingscape, a technology consultancy. The deals expand its logistics product portfolio and strengthen its US presence.\u00a0<\/p>\n Domestically, AROBS advanced digitalisation projects for public institutions, including the National House of Public Pensions and a new IT system for the National Employment Agency, financed via EU recovery funds. It is also working with Babe\u0219-Bolyai University to digitise 250 administrative processes.<\/p>\n AROBS, which employs over 1,200 specialists, has been listed on the Bucharest Stock Exchange\u2019s main market since September 2023.<\/p>\n simona@romania-insider.com<\/p>\n (Photo source: the company)<\/p>","protected":false},"excerpt":{"rendered":" Romanian technology group AROBS Transilvania Software (BVB: AROBS) reported higher first-half earnings on Wednesday, August 27, supported by acquisitions and international expansion, even as its core automotive software business slowed. AROBS posted consolidated revenues of RON 215.4 million (EUR 43.2 million) in January\u2013June, up 4% year-on-year. EBITDA rose 8% to RON 31.1 million, with a […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6505","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/6505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6505"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/6505\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}