Continued Increase in Earnings and Sustained Investment for Streamwide
Eligible for French PEA-PME), the expert in critical communications software solutions, today announces a further increase in first-half earnings, 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. Driven by sustained investment, 2021 first half operating profit margins were high, identical to the level reached in 2020.
Cash flow is largely positive and covers investments in the new team on mission and team on the run critical communications solutions. These developments (full suite of coworking tools, TAS, SDK, API, provisioning, FSM and new operational features), integrated as secure sovereign technical architectures, represent genuine competitive advantages over the other mass market solutions currently on the market, thereby presenting the Group with significant commercial opportunities.
In France and Europe in particular, several large-scale ministerial projects are underway and may come to fruition over the coming months. Regardless of the various stages of maturity of the projects (initial launch or upscaling of services), and the different revenue volumes ultimately involved, the Group is confident in its capacity to successfully bring them to completion. The final part of 2021 is therefore expected to strengthen the Group’s position as a leading player in the secure critical communications market and allow it to build future revenue.
The Group’s solutions are a good fit for their target markets and ecosystem, particularly with its partners and distributors, enabling it to look ahead to 2022 and 2023 as further years of growth.