Tecnotree in year 2020
Incorporated in 1978, Tecnotree is listed on the main list of NASDAQ Helsinki with the trading code TEM1V. The company is a long-term provider of Digital Business Support Systems (BSS) product offerings, including Customer & Revenue Management, Business Enablement, and Enterprise Solutions for Digital Service Providers with a key focus on the telecom industry. For the past few years, Tecnotree has been consistently surpassing the market’s financial result expectations while delivering a stupendous return to the shareholders with an increase of almost 300% in the share price last year itself.
The company has maintained top-line growth and bottom-line profitability even during the unprecedented pandemic situation in 2020 by staying agile in its delivery capabilities and by being highly responsive to its customer’s needs.
Kauppalehti, Helsingin Sanomat, and many other Finnish media companies have been calling out the turnaround in the company’s strong financial performance regularly.
The adjusted operating result was 19.3 (13.0) million and the operating result EUR 18.6 (14.4) million.
Read moreCash flow after investments for the financial period was EUR 7.0 million (0.1) and the company’s cash and cash equivalents were EUR 8.0 (3.4) million.
Read moreEarnings per share (EPS) was 0.02 euros in the fourth quarter and 0.05 euros for the full year 2020. The market capitalisation of the share stock at the end of the period was EUR 193.3 (42.1) million.
Read moreTecotree continued to make substantial investments in personnel by increasing the manpower by 10% in 2020.
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