The consolidated revenue of AS Bercman Technologies (hereinafter “Bercman”) for the first quarter of 2023 was 486 627 euros. Consolidated revenue for the comparable period in 2022 was EUR 294 360. Sales revenue grew by 65% year-on-year.
Mart Suurkask, CEO of Bercman: “The first-quarter result confirms that the decisions taken last year at the management level and in the company are paying off in the current economic circumstances. The constant changes in the current business environment also require us to be flexible. We have adopted a more conservative approach to revenue forecasting and cost management than in the past. We will focus even more on maintaining and building trust with customers, employees and partners. This year promises to be challenging for the business environment and the economy, but we will nevertheless stay on course to grow our export capabilities and develop our internal processes to ensure we deliver high-quality development services and proprietary products.”
In the first quarter, Bercman’s first own-product smart crosswalk devices were installed in the UK, in the Scottish town of Ayr and on the island of Rhodes in Greece. Orders for the installation of smart crosswalks were received from Australia and Bosnia and Herzegovina, where the crosswalk safety systems will be shipped in the second quarter. Also, the smart pedestrian crosswalks will be exported to Croatia, and the safety systems will be installed in the city of Kohtla-Järve in Estonia in the second quarter. Both the Croatian and the Kohtla-Järve installations will use the upgraded hybrid solution. The hybrid power supply solution will supply the crosswalk at night from the street lighting mains and switch to battery power during the day.
In the first quarter, Krakul OÜ (hereinafter “Krakul“), a developer of the Internet of Things and autonomous systems and part of the Bercman Group, exported Internet of Things and autonomous systems solutions to the markets of Singapore, Switzerland, the USA and Sweden, in addition to serving Estonian customers. At the beginning of the year, Krakul added new development service customers from Estonia and Sweden to its customer portfolio.
In the second quarter, work will continue on existing projects, but the focus will also remain on finding new clients. To strengthen the export network, the Krakul team attends the world’s largest B2B industrial fair, Hannover Messe, in April, which is also the leading technology fair in Germany.
Kristjan Tozen, CEO of Krakul: “The first quarter of this year was relatively successful for Krakul. Compared to previous years, 2023 got off to a stronger start and client projects were in constant progress. The strong start to the year highlighted the need to recruit additional staff, and an electronics engineer joined the team. A new project manager will start work shortly, while we continue to recruit additional engineers. This year Krakul celebrates its 10th anniversary. We are very grateful to our customers and partners for their trust and cooperation and look forward with optimism to this and the years to come.”
For further information, please contact:
AS Bercman Technologies
Member of the Board
+372 5340 2902
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