ADAPTIT GROUP: PRESS CONFERENCE 2022
Press Release 24 November 2022
ADAPTIT: High growth rates and expansion of partnerships
The course of ADAPTIT in the last year, during which it significantly expanded its clientele and partnerships, as well as its plans for 2023 were presented by the management of ADAPTIT, one of the fastest growing and most outgoing companies in the Greek digital technology market .
According to ADAPTIT management estimates, turnover for 2022 will reach 30 million euros, compared to 20 million euros in 2021. Earnings before taxes, interest and depreciation (EBITDA) are estimated to move to levels above 3 million euros, compared to 1.8 million euros the previous year.
“Since ADAPTIT was founded in 2005, our goal has been to offer the best possible solutions to the customers who trust us. The upward trend of recent years proves that this goal has been achieved. We continue at the same pace, strengthening our clientele inside and outside Greece and proceeding to important collaborations with well-known companies in the field of digital technologies”, said Athanasios Tzaferis, Chairman and CEO of ADAPTIT group.
ADAPTIT’s clientele includes organizations such as BUYIN, the joint company of Deutsche Telekom & Orange Group for the supply of 4G/5G radio coverage optimization telecommunications equipment, the Republic of Cyprus, the Ministry of Citizen Protection and the Holy Archdiocese of Athens. At the same time, the Greek company has participated in projects such as the development and operation of an integrated API System, to carry out the pre-check of passengers traveling from non-Schengen airports on behalf of the Greek Police and that for the security of accommodation facilities for citizens of third countries.
The significant expansion of ADAPTIT’s clientele is expected to contribute to maintaining high growth rates in the new year as well. According to forecasts, the turnover for 2023 is estimated to reach 40 million euros. For the current fiscal year, revenues from activities outside Greece reach 25% of turnover, with the goal of approaching 30% in 2023.
In addition, for 2023, ADAPTIT group’s investment plan amounts to 2 million euros. The funds will be used to develop critical infrastructure, strengthen partnerships and further expand activities abroad.
The growth pillars for the coming years include activity in cutting-edge areas such as cyber security, augmented reality (AR) solutions, artificial intelligence applications that utilize the capabilities of drones, and the Internet of Things (IoT). , with the company in the process of developing its own IoT platform. In addition, ADAPTIT group of companies, through its subsidiary company TELCOSERV, actively participates in the development of the FTTH optical fiber network.
“Our goal is to immediately expand our activities in new areas, looking forward to the further development of our activities in foreign markets as well”, pointed out Vassilis Karavasilis, Commercial Director of the ADAPTIT group.
The group already has an independent presence in Bulgaria and Germany, through ADAPTIT Bulgaria and ADAPTIT GmbH respectively, while it is active in several countries of the European Union, having undertaken important projects. In collaboration with the Chinese Fujian Helios, he has created Helios Technologies Europe, offering the European market a wide range of products and solutions for improving the quality of wireless telecommunications networks.
The immediate plans also include the strengthening of strategic partnerships. At the moment ADAPTIT group cooperates with well-known houses such as TeamViewer, Netscout – Arbor, IBM, Opengear, Nozomi Networks, ADVA and Spirent.
ADAPTIT is a group of companies, undertaking the implementation of digital technology projects in large companies from the fields of telecommunications, utilities, energy, public sector, transportation and finance. The group offers solutions for areas such as telecommunications equipment, critical infrastructure development, “smart cities”, cyber security, etc.