artec technologies

GR: A6T

€12.7m market cap

€4.44 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.

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Sector
TMT
Share price graph
Price performance
%
1m
3m
12m
Actual 11.0 12.1 38.3
Relative* 5.7 1.2 34.8
52-week high/low €4.4/€1.9
*% relative to local index
Key management
Thomas Hoffmann CEO
Fabian Lorenz External IR