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Wednesday | January 27 | 2021

Innobyte to end 2020 with a turnover of 1.75 million euros

Innobyte, a Romanian software development company specialized in eCommerce, will end 2020 with a turnover of 1.75 million euros, a 50% increase compared to the previous year.

With revenue growth, Innobyte has also significantly optimized its profit performance.

The company’s estimates for EBITDA at the end of the year show a result of 400,000 euros – the highest recorded by the company in the last 5 years.

2020, context and market behavior

eCommerce has been, for many businesses, the only sales channel that has not suffered directly amid restrictions imposed in the pandemic context.

Many companies entered the online sales segment in 2020, but even more sought to strengthen their position and accelerate their growth in order to compensate for the slowdown in the offline.

”The first quarter began with a period of uncertainty in the unpredictable economic context. Since April, however, we have registered an exponential increase in the demand for services, whether we are talking about startups or customers with an already consolidated position online”, says Cătălin Bordei, Innobyte Managing Partner.

The online platforms and stores developed by Innobyte locally process tens of thousands of orders per month and generate sales of over 100 million euros.

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