on GECI INTERNATIONAL (EPA:ALGEC)
GECI International Sees Revenue Growth Amid Strategic Shift
GECI International, a digital and technology specialist, reported a slight rise in annual revenue to €18.4 million, marking a +3.7% increase at constant exchange rates. Key growth sectors were High-Performance Computing (HPC) in France and Smart City solutions in Brazil. Despite a challenging economic environment, these areas drove the company's transformation and future growth ambitions.
The company witnessed a significant increase in its Technology division, powered by new contracts in Brazil's telecommunications and smart city sectors. The Digital division showed a decline due to shrinking legacy activities, though HPC growth provided a strategic focus for the Group.
Financially, GECI strengthened its position with a €1.3 million shareholder boost. The group's total debt rose to €4.5 million, influenced by lease adjustments and strategic investments. Looking ahead, GECI aims to expand further in strategic markets including HPC and Smart Cities.
R. E.
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