Telelink Business Services Group (TBS) reported another strong performance across all geographical markets, as its total consolidated revenue reached a historical high at BGN 135.5m, up 23% y/y – Q4 2020 report was published on the Bulgarian Stock Exchange.
Surge of sales on the Balkans
The largest contributor is the domestic market with BGN 81.8m, 31% y/y growth, followed by Mid-Western Balkans’s sales of BGN 41.2m, up 5% y/y. SouthWestern Balkans surged 69% to BGN 5.4m on the growing client base in recently entered Macedonia and Albania. The sales were up across most product categories with Office and Productivity category marking the largest increase at 55% y/y to BGN 22.2m, while Network and Data Center remained the leaders with 77.4m(17% y/y up) and 29.9m(22% y/y up).
Annual profit soared 50% in 2020
The Group reports Operating Profit of BGN 14.7m, 50% y/y higher due to slower paced growth in OPEX compared to revenue. Supported by decreasing net financial expense, net income jumped even higher by 55% to BGN 12.6m with EPS of BGN 1 and net margin adding 1.9 p.p to 9.3%.
TBS Group shares soar over 200% in 2020
The shares of Telelink Business Services Group (TBS) went upwards 117% since June 2020 by the beginning of March 2021. The performance was reported by Investor.bg based on accounting also the BGN 0.48 DPS. The last deal on the exchange on 5 March 2021 is at BGN 16 per share, which amounts to market cap of BGN 200 mln.