Lte | 2021-05-12

Streamwide Announces Sharp Increase in Full-Year Earnings and Operating Margins

Source: Streamwide

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.

When looking ahead, STREAMWIDE said it is confident to 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.

Meanwhile, there are plenty of other opportunities in the pipeline which could be sealed quickly, economy and health situation permitting, without delaying the budgetary commitments of these potential customers.

The Group’s engagement with its distributors could also deliver an increase in projects from 2021, proving its sales strategy and strengthening market share right.