Outlook and guidance

Tecnotree expects in 2024:

  • Revenue to be higher by 2%-7% compared to 2023
  • Operating profit (EBIT) to be higher by 7%-15% compared to 2023

The company will continue its focus on increasing licence revenue while is moving constantly evolving from Projects delivery Licence and Delivery mode into an Annual Recurring Revenue model. This will ensure that the company will have more predictable and stable quarter on quarter revenue. However, revenue will be impacted in the shorter term. Telecom industry growth is poised at 2.1% annually from 2022-2027 and Tecnotree has been growing above the market. Further given the uncertain global economic scenario, the Company expects 2%-7% growth in revenue compared to 2023.

In 2024, the company is expecting higher cost optimisation which will result in higher Operating profit of 7%-15% compared to 2023. Foreign exchange rates are expected to remain at approximately current levels.