Penta Teknoloji Increases Revenue by 84 Percent in the First Quarter
09.05.2023
Bringing the world’s leading technology brands to the Turkish market, Penta Teknoloji achieved a year-on-year consolidated revenue increase of 84 percent in the first three months of 2023, reaching TRY 3.6 billion.
Bringing the world’s leading brands and their information technology products, including computers, software, printing solutions, servers, data storage, and network products to consumers for more than 30 years, Penta Teknoloji has reported its financial results for the first quarter of 2023 to the Public Disclosure Platform (KAP). Penta Teknoloji’s consolidated revenue in the first quarter reached TRY 3.6 billion with a year-on-year increase of 84 percent. Having increased its gross profit to TRY 254.7 million, Penta Technology achieved an EBITDA of TRY 169.3 million by an increase of 56 percent in the same period, and an EBITDA margin of 4.7 percent. With a consolidated net revenue of TRY 82.3 million in the first quarter, Penta Teknoloji made a strong start in 2023.
Erünsal: “We continue enabling added value for our business partners.”
Highlighting they maintain their growth in the information sector in terms of market size and profitability, Penta Teknoloji General Manager Fatih Erünsal said: “The growth momentum in the technology products market in which we operate continues. Driven by the digital transformation investments by companies operating in various industries and the increased demand in the personal customer segment, we maintain our consistent growth in the industry as Penta Teknoloji. In 2023, which we began in a financially strong position, we will continue developing solutions that will enhance our business partners' efficiency, profitability, and competitiveness through our technological infrastructure and value-added services.”