Span records revenue growth of 4 percent and EBITDA of more than 100 percent, and net profit of 230 percent | ICT Business | TechBuzz

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The operating income of Span, one of the largest domestic IT companies and exporters, in the first half of the year amounted to HRK 406.9 million, which is an increase of 4 percent compared to the same period last year. The most significant revenue growth, 67 percent, was achieved in the Infrastructure Services, Cloud and Cyber ​​Security segment, which is in line with the Group’s growth strategy and is the result of an increase in the number of projects with new and existing clients.

Revenue growth in the high-value-added IT services segments offset revenue declines in the Software Asset Management and Licensing segment as a result of the situation in the Ukrainian market. Additionally, due to the war in Ukraine, Microsoft has enabled Span’s customers to use its products and services free of charge in the period from April 1 to December 31, 2022.

The share of revenue that the Group achieves in foreign markets for the first half of 2022 is 74 percent, with the most significant growth recorded in the US market as a result of large infrastructure projects for users in that market.

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In the first half of 2022, Span Group’s EBITDA before non-recurring items grew by 101 percent compared to the first six months of 2021 and amounted to HRK 35.7 million. EBITDA after one-off items amounts to HRK 32.7 million, which represents a growth of 113 percent compared to the same period last year. The Group’s net profit for the first six months of 2022 increased by 230 percent and amounts to HRK 24.5 million.

“We have behind us a successful six months marked by strong growth in all strategic business segments, with an emphasis on Cloud and Cyber ​​security services, which we remain focused on in the period ahead, additionally strengthened by an even greater number of IT experts. We are especially proud that Span was declared the Microsoft partner of the year for 2022 in Ukraine, precisely in these difficult times of war,” said Nikola Dujmović, founder and president of the Management Board of Span.

In the first half of the year, Span also published its first Sustainability Report for 2021, in which, according to international GRI standards, all the contributions that Span has been achieving for years in the field of sustainable development were collected, wanting to build a digital path to a sustainable future.

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With two newly acquired Microsoft advanced specializations, Microsoft Windows Virtual Desktop and Modernize Endpoints, Span reached a figure of as many as 11, which ranks it among the few Microsoft partners in the world with so many highly specialized competencies. Span has 17 Microsoft competencies, all of which are gold and represent a key prerequisite for acquiring Microsoft advanced specializations.

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