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Allterco’s management revenue growth guidance for 2018 is 20%, plan to distribute a dividend (NEUTRAL)

Dimitar Dimitrov, CEO of IT services group Allterco, commented for Investor.bg that achieving 20% revenue growth in 2018 is the main goal in front of the group. According to him, the net loss of BGN 394k in Q1’18 was expected, although a year earlier Allterco reported losses of BGN 52k. Nevertheless, the sale of the telecommunication business to Norwegian based Link would allow the company to distribute a dividend, Dimitrov said. The assets were sold in a EUR 8.8m deal, part of which would be invested in the IoT business of Allterco and the rest returned to its shareholders.

Source: Investor.bg; Allterco; FFBH

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