AS Bercman Technologies 2nd quarter of 2024 consolidated sales revenue
The consolidated revenue of AS Bercman Technologies (hereinafter “Bercman”) for the second quarter of 2024 was 390,884 euros, an increase of 2% year-on-year. In the comparable period of 2023, sales revenue amounted to €382,667. Consolidated sales revenue for the first half of 2024 amounted to €737,449 (6 months 2023: €869,294).
Mart Suurkask, CEO of Bercman: "The prolonged economic downturn has kept uncertainty in the plans of our customers, but the second quarter showed above all a recovery in the activities of our development services customers, and in recent months we have received many enquiries for the provision of development services to both existing and new customers. On the proprietary side, the last quarter marked our entry into the fast-growing electric vehicle charger sector, and we plan to introduce a new fast charger as early as this autumn."
In addition to serving Estonian customers, development services were exported to Sweden, Finland, Singapore, Norway, Switzerland, the United States and Ireland in the second quarter. Defence sector customers led the way in the provision of development services, but interest and demand for development services increased in other sectors as well.
In terms of proprietary products, in June, Bercman announced plans related to the production of fast chargers for electric vehicles. A separate subsidiary, Bercman Energy OÜ, was registered in June (see link for the announcement), which will focus on the production and sale of high-capacity fast chargers. In addition to the development of sustainable charging solutions, Bercman continues to offer smart infrastructure solutions. In the second quarter, a smart crosswalk was delivered to the city of Lamia, Greece, and smart crosswalks were installed in Croatia, Greece and Australia. In Estonia, the installation of a smart safety system is planned for the Pärnamäe kindergarten in Viimsi, for which the corresponding tender closed in the second quarter.
Bercman participated in an electronics conference Elektronik in Sweden, the MELT innovation forum in Estonia and a networking event for the marine and aquaculture industry in Norway, to promote sales and expand new business opportunities. The Smart Road solution established in Põlva was introduced at the Transport Administration's traffic safety roundtable, and a delegation from the Transport Administration was hosted on-site in Põlva.
To meet the development demands of clients, new software engineers will be brought into the team, whose recruitment was a key focus of personnel matters in the second quarter.
Bercman, founded in 2016, is a technology company listed on Nasdaq First North, specialising in development services, the creation of proprietary products, and the provision of comprehensive technology systems. The Bercman consolidation group comprises the parent company AS Bercman Technologies and its subsidiaries, Bercman Energy OÜ and Krakul OÜ.
Additional information:
Mart Suurkask
AS Bercman Technologies
Member of the Board
+372 5340 2902
mart.suurkask@bercman.com
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