Leading Bulgarian system integrator, Telelink Business Services Group (TBS), reported 22% y/y growth in FY21 revenue to BGN 165.7m, slightly lower than the managerial guidance (BGN 170.9m).
Telelink Business Services Group’s (TBS Group, TBS BU) announced that it has received a Letter of Intent (LoI) for the acquisition of at least 51% stake from Slovenia Broadband S.a.r.l, Luxembourg.
Telelink Business Services Group’s (TBS Group, TBS BU) majority shareholder Lyubomir Minchev and the other main shareholders have decided to end share sales in tranches on the BSE, according to Mr. Minchev’s statement distributed by the Company.
Following the strong FY2020, TBS Group financial results in Q121 did not disappoint either. Although top line growth slowed down, profits improved considerably with margins among the highest ever.
The leading Bulgarian system integrator, Telelink Business Services Group (TBS) expects to double both top and bottom line by 2025 with respective 27% and 16% y/y growth in 2021 alone, according to the Company’s 2021-2025 financial outlook and strategic development, presented by the group’s CEO Ivan Zhitiyanov on a digital event held on March 23rd, 2021.
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.
Telelink’s (TBS Group – TBS BU) top line growth pace slows down, bottom line outperforms in 9M’20. Telelink Business Services Group’s (TBS Group), the leading system integrated in Bulgaria, strong financial performance persisted over the 9M’2020.
Following the successful first tranche of the share offering of Telelink Business Services Group AD (TBS Group), the preliminarily announced second tranche is scheduled to start next week. The company’s three largest shareholders will offer a new lot of up to 875,000 shares or 7% of the share capital between Monday, September 21st and Friday, September 25th, 2020.