17.10.2025
AS Bercman Technologies (hereinafter “Bercman”) reported consolidated sales revenue of EUR 436,807 for the third quarter of 2025, representing a year-on-year increase of 34% (3rd quarter 2024: EUR 326,567).
Proprietary Products
In the third quarter, preparations were made for the production and delivery of large-scale orders of Smart Pedestrian Crosswalks. Orders were received for the supply of unregulated pedestrian crossing safety systems to Greece, Croatia, Montenegro, Serbia, and Estonia. The majority of deliveries to customers are scheduled for the fourth quarter. Interest in Smart Pedestrian Crosswalks has increased in Eastern European countries. In cooperation with an engineering firm based in the United Arab Emirates, Bercman also participated in a public tender aimed at improving the urban infrastructure of Abu Dhabi.
On the electric vehicle fast charger side, the first mobile 60 kW chargers were delivered to a customer in Norway. These mobile chargers will be used in workshops servicing electric trucks. The first charger was shipped to Doha, Qatar, where it will be used for charging hotel guests’ electric vehicles. Alongside fulfilling sales orders, additional development work continues both to improve existing models and to develop new ones. During the third quarter, the main focus for finding distribution partners for fast chargers was on the Nordic countries. The business opportunities related to providing charging solutions in the Middle East remain under active evaluation.
Development Services
In the third quarter, development services were primarily focused on clients in Estonia, with particular attention given to electric vehicle charging solutions. Additionally, development work was carried out for clients in the defence, smart renewable energy, and industrial electronics sectors. A partnership agreement was concluded with the software company nodeSWAT, through which a comprehensive product development service is provided, covering everything from electronics to scalable software and systems integration.
Expansion of the Sales Network
To promote development services and attract new clients in the defence sector outside Estonia, the company participated in the MSPO 2025 International Defence Industry Exhibition in Poland and the world’s leading defence trade fair, DSEI UK 2025, in London. The team also took part in events held as part of Estonian Defence Week 2025, including the Tallinn Defence Expo.
Revision of 2025 Sales Forecast
According to the stock exchange announcement published on 28 March 2025, Bercman’s sales forecast for the current year was set at EUR 1.65 million. Taking into account the sales results for the first three quarters and the updated sales projections for the fourth quarter, the company’s management has decided to revise the 2025 sales forecast from EUR 1.65 million to EUR 2.15 million (+40% compared to 2024).
Mart Suurkask, CEO of Bercman: “As we saw in the first half of the year, sales continued to grow in the third quarter, and we expect this positive trend to carry on through the end of the year. Based on the information currently available, we are therefore raising our sales forecast for 2025. This progress is the result of the combined efforts of all Bercman Group companies, with growth coming from both our services and our own products.”
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 also 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.
Further information:
Mart Suurkask
AS Bercman Technologies
Member of the Board
+372 5340 2902
mart.suurkask@bercman.com