Streamwide Expect Profitable Growth set to Continue in 2021
STREAMWIDE (FR0010528059 – ALSTW – eligible for the French PEA PME), the expert in critical communications software solutions, today announces a sharp increase in full-year earnings and operating margins, driven by growth in revenue from its new team on mission and team on the run business communications solutions (“platforms” business) and efficient cost control.
As predicted in the 2020 revenue release in February, 2020 earnings surged, reflecting sustained revenue growth and an ongoing tight grip on costs. Operating margins are now around 30%, more than double what the company has seen in 2019.
STREAMWIDE said it is confident it can continue to generate profitable growth. The Group has already almost secured annual revenue equal to that of 2020, as several large and significant projects are currently being structured. In France and Europe, several large-scale ministerial projects are under review and could bear fruit over the coming months, even if the different stages of maturity of the projects (initial launch or upscaling of services) will result in different revenue volumes for the Group and a schedule evolving over time.