Tecnotree announced new contract
Translation: Original published in Finnish on 11/14/2024 at 7:23 am EET.
Tecnotree has announced a new contract for BSS systems. The deal was announced via a press release, which gives an indication of the potential size of the transaction (the threshold for a stock exchange release is 10% of the previous year's revenue). The customer is MobileCoreX, a mobile operator based in Nigeria, as we understand it. The operator uses Tecnotree products to digitize and streamline its own internal operations.
The press release did not specify whether the deal was done on a license basis or on an annual recurring revenue (ARR) model, which has been playing an increasing role in Tecnotree's new deals lately. The new contract is of course positive for Tecnotree, but the location of the customer exposes Tecnotree to currency risks and we also estimate that the repayment of receivables may be slow. The press release does not imply any need to change the forecast.
Tecnotree
Tecnotree operates in the IT sector. The company specializes in the development of digital communication solutions. The services include, for example, business process and subscription management services for customers in telecom and other digital service providers. Operations are held on a global level, with the largest presence around Asia, Africa and the Middle East.
Read more on company pageKey Estimate Figures28/10
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 78.4 | 77.4 | 79.9 |
growth-% | 9.50 % | -1.31 % | 3.28 % |
EBIT (adj.) | 23.8 | 22.8 | 23.2 |
EBIT-% (adj.) | 30.40 % | 29.51 % | 29.01 % |
EPS (adj.) | 0.71 | 0.93 | 0.89 |
Dividend | 0.01 | 0.02 | 0.03 |
Dividend % | 0.15 % | 0.65 % | 0.97 % |
P/E (adj.) | 9.64 | 3.32 | 3.47 |
EV/EBITDA | 4.10 | 1.92 | 1.60 |