artec technologies


€12.6m market cap

€4.4 last close

artec technologies develops cloud-based software solutions for the recording and analysis of video and audio, in two sectors: video security technology and crime prevention; and broadcast media.

Investment summary

H120 sales of €1.3m (up 43% from H119) represented a resilient first-half performance for artec, given the impact of the COVID-19 pandemic. Management also announced a number of attractive multi-year contracts across both security and broadcast customers, with €0.25m of revenue secured in Q320 and €0.25–0.30m expected in Q420, typically the company’s strongest quarter. artec’s positive trading highlights the benefits of a flexible, diversified business and leaves the group well placed for FY20 despite the uncertain macroeconomic outlook. With cash and undrawn facilities of €0.8m, artec offers potential share price upside if management can deliver on its guidance of significantly increased sales and positive profitability in FY20.

Register to receive research on artec technologies as it is published
Share price graph
Price performance
Actual 6.8 12.2 35.0
Relative* 5.4 4.4 32.1
52-week high/low €4.4/€1.9
*% relative to local index
Key management
Thomas Hoffmann CEO
Fabian Lorenz External IR