Bercman Technologies AS (hereinafter "Bercman") submits the consolidated and audited financial reports for 2024, approved by the Management Board.
Compared to the unaudited interim report published on March 28, there are differences in the financial results of the audited annual report. The changes result from accounting adjustments and updated estimates applied during the audit process.
Bercman’s consolidated audited sales revenue for 2024 was 1,523,478 euros (unaudited interim report: 1,523,978 euros; 2023: 1,669,403 euros).
The reporting period ended with a loss of 582,868 euros (loss in the interim report: 441,885 euros; loss in 2023: 253,796 euros).
As of 31 December 2024, the Group’s consolidated audited balance sheet total was 1,362,743 euros (interim report as of 31.12.2024: 1,768,507 euros; 31.12.2023: 1,827,929 euros). Current assets amounted to 419,291 euros (interim report as of 31.12.2024: 400,308 euros; 31.12.2023: 391,881 euros). Non-current assets amounted to 943,452 euros (interim report as of 31.12.2024: 1,368,202 euros; 31.12.2023: 1,436,048 euros). Consolidated equity as of 31.12.2024 was 496,580 euros (interim report as of 31.12.2024: 917,310 euros; 31.12.2023: 1,187,914 euros). As of 31.12.2024, the company had loan liabilities amounting to 135,250 euros (interim report as of 31.12.2024: 132,840 euros; 31.12.2023: 77,720 euros).
Mart Suurkask, CEO of Bercman: "The year 2024 remained economically challenging for Bercman. Although we saw stabilisation and a return to growth in the services segment, a significant portion of proprietary product sales was postponed to 2025. The financial results were also affected by the launch of a new business line and the commencement of development work on electric vehicle chargers. This year, the main focus for in-house products is on increasing charger sales volumes, and the results from the first half of the year already confirm a positive trend in this regard. On the smart pedestrian crosswalks side, we are fulfilling orders in accordance with the tenders won in 2023–2025. In the services sector, we are primarily focusing on large-scale projects in the defence and energy industries. Based on both planned and ongoing activities, we expect to see growth in revenue as well as a reduction in loss in Bercman’s results this year."
The consolidated audited report for the 2024 financial year and the independent auditor’s report are attached to this announcement and will be published on the website of AS Bercman Technologies www.bercman.com.
Bercman is a technology company listed on the Nasdaq First North alternative market, offering development services, proprietary products, and comprehensive technology solutions. The Bercman consolidation group includes the subsidiaries Bercman Energy OÜ and Krakul OÜ. Bercman Energy is a company established in June 2024, focused on the development, production, and marketing of fast chargers for electric vehicles. Krakul is a leading product development company with twelve years of experience in hardware and software development.
Additional information:
Mart Suurkask
Member of the Board
+372 5340 2902
mart.suurkask@bercman.com