Gloster open with 70% growth order book
A Gloster closed 2024 with a net order book of HUF 2584 million. This is 70% higher than in the same period of 2023. This represents a significant increase of 54% (CAGR) on average in the first half Order backlog growth rate since 2021.
Open All products and services that Gloster has ordered will be added to your order backlog. all subsidiaries of the Gloster Group have valid orders, but have not yet been delivered to customers. Gloster's quarterly open order backlogs for the quarter were as follows:
| Quarterly | Business year | Open order backlog (mHUF) | % change previous year compared to the same period of the previous year |
| Q1 | 2021 | 90 | |
| 2022 | 823 | +814% | |
| 2023 | 1320 | +60% | |
| 2024 | 3470 | +163% | |
| Q2 | 2021 | 594 | |
| 2022 | 1100 | +85% | |
| 2023 | 1410 | +28% | |
| 2024 | 3369 | +139% | |
| Q3 | 2021 | 710 | |
| 2022 | 1303 | +84% | |
| 2023 | 1519 | +17% | |
| 2024 | 2584 | +70% | |
| Q4 | 2021 | 670 | |
| 2022 | 1530 | +128% | |
| 2023 | 4134 | +170% | |
| 2024 |
all data in millions of HUF, unaudited, unconsolidated data
Source: Gloster Financial Department
The Company open order backlog by 70%, to reach 1519 million euros in Q3 2023. to HUF 2584 million in Q3 2024 . The given Order backlog orders to be fulfilled by the end of 2024 Includes. At the same time, orders with out-year deliveries carried forward to 2025 with open orders of more than HUF 5.5 billion. which provides a strong basis for our future growth plans.
The systems integration business is the services activities (installation, operation and engineering) is the reached a milestone in the first half of the year. According to management expectations, by 2024 second half of 2024 will show significant growth compared to the first half, leading to new new opportunities for the business. In addition, high-value, long-term contracts, which will further strengthen the business's position in the stability of the business. Changes in the economic environment and new technological trends are creating new have created opportunities but also challenges. However, the long-term contracts and the increasing volume of projects provide a solid basis for for future growth and innovation. Overall, the results for the third quarter are encouraging and confirm our commitment to continuous improvement and innovation.
The cloud business is open order backlog is stable compared to the previous period, with sales sales performance is balanced. This positive trend strengthens the business unit's and provides a solid basis for further growth. Systemfarmer Zrt. has signed a three-year contract worth more than EUR 600 thousand with a with an international energy company in more than 50 countries, 200 thousand employees in over 50 countries. In our report Order backlog the first year of this report.
International software development Both Gloster - P92 Informatikai Kft. and Gloster - Minero IT Hungary Kft., we see stable business development and continuous orders from our customers. All our framework contracts are are in place, and for this year we are confident of continued orders for this year.
A Sony Music has just signed up its current development teams for two two years. The order is for 40 people in total and will cost around €2.5 billion over two years. HUF 2.5 billion for two years. The BMW and Audi framework contracts, which were renewed this year which were signed earlier this year, the first orders have also started to arrive. The other from our other customers next year, similar to the order backlog for the this year. New customers are also on the horizon, but there is still some way to go before contracts are signed with only one or two smaller customers. Mostly next year we expect to international sales teams to deliver results.
Analysts target prices
A Gloster is followed by the independent investment provider Erste . Full analysis link and the target price can be found in the table below:
| Erste | |
| 12-month target price | 1183 HUF 19.12.2023 |
| Recommendation | Purchase |
| Full analysis | link to the analysis |
Present In this information, the quarterly stock of open orders at group level orders contracted but not yet fulfilled as at 30.09.2024 2024. During the quarters covered by the report, the calendar quarters. This statement is preliminary, unaudited, non not consolidated.
Next, scheduled appearances
2024.Q4 Order backlog report - second week of January 2025
Present This prospectus has been prepared by Gloster Infokommunikációs Nyrt. Nagytarcsa, Csonka János u. 1/A. A/2. building). factual information and reasonable information based on reasonable calculations and reasonable and reasoned conclusions, which may be relied upon by persons entitled to do so under the applicable obligations under the applicable legal provisions. This (Act CXX of 2001 on the Capital Market), § 5 (1) paragraph 5(5)(9) of the Stock Exchange Act does not constitute an "investment recommendation" and is not subject to the provisions of the Bszt. (on investment firms and commodity exchange service providers and on the and the rules governing the activities they may carry out) Article 4(2)(8) does not include investment analysis, financial instruments, exchange-traded products or their issuers or other information, the disclosure of which would in itself or in any other way, may influence the investor to decide for himself or or other person's money or other assets from the effects of the capital market, in whole or in part to depend on the effects of the market. Gloster Infocommunications Plc and its representatives shall not are not responsible for any conclusions drawn from the information contained in this prospectus. for investment decisions based on the conclusions of the information contained in this report, their adverse legal consequences, or financial losses.
Nagytarcsa, 9 October 2024.
More Information:
dr. Adrienn Karlovich-Szabó
Investors relations officer
