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Contacts

  • Marco Marangoni

    CEO


    Kungsgatan 29 111 56 Stockholm Sweden
    +598 93 370 044
    http://www.whitepearltech.com
  • IR-Manager

    IR-Manager


    Kungsgatan 29 111 56 Stockholm Sweden
    +46 (0)707 340 804
    http://www.whitepearltech.com

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    Quotes

    "We've maintained our strong momentum, delivering a 19.3% increase in revenue compared to the same period last year. This purely organic growth further validates the high demand for our digital transformation expertise across diverse sectors.
    Group CEO of White Pearl Technology Group, Marco Marangoni
    DAM has the potential of transforming not only customers' way of working but also fundamentally changing how IT consulting firms such as WPTG deliver services and solutions.  A transformation of the IT-service industry is currently happening with the advent and widespread adoption of AI and we plan to revolutionise WPTG’s products and offerings over the next two to three years.
    WPTG India, MD, Shoukath Khan
    The work done by the group from 2021 in the Middle East is now starting to pay off strongly.  We anticipated a shift in the economic cycle in the region post-COVID and the investments were made expecting the current demand increase for IT services. Saudi Arabia is spearheading this cycle and WPTG has significant assets, people and offerings that we expect to perform well in the next two to three years.
    Osama Elsayed MD for WPTG in the Middle East
    We continue doing well as a business with continued growth across our regions and IT lines of business. Despite strong global geopolitical headwinds, the WPTG model remains resilient and continues delivering strong performances month after month. We are confident of delivering a good H1 performance to the market
    Marco Marangoni, CEO at WPTG
    I see an exciting potential in WPTG by combining and utilizing solutions, skills and resources cost-effectively over large geographies as in South America, Africa and Middle East to optimize customer delivery and service and support. As I have been involved in growing Technology companies cross-border and especially in the SAP area, I have both experience and network to contribute to this journey
    Arne Nabseth
    During 2023, the company managed to achieve a revenue growth of approximately 30%, which was entirely organic. Assuming that the "old" WPTG grows by 20% and that Ayima is consolidated by mid-year, our revenue forecast for 2024 would increase to 354 million SEK. These forecasts would, in turn, result in an operating profit of 41.1 million SEK, representing an improvement of over 20% compared to 2023. Based on our new forecasts, our valuation calculation gives a market value of 385 million SEK or 14 SEK per share, which should be compared to the current share price of 6 SEK. However, we are fully aware that such a valuation requires several additional reports confirming the company's development trajectory and that the knowledge about the company increases.
    TradeVenues Senior Analyst Claes Vikbladh
    WPTG achieved outstanding 100 per cent organic revenue expansion in the second half of 2023 compared to half year 2022, capturing increased demand for digital transformation expertise. With several acquisitions initiated by us last year, one has gone through, and a current bid to acquire Ayima Group is in progress. We are prepared for a dynamic year in 2024, leveraging both organic growth and growth through mergers and acquisitions.
    Group CEO, Marco Marangoni
    Our strong organic growth is testament to the strong execution of our strategy across regions and business segments. With a robust demand environment and solid order intake, we expect rapid growth to continue next year. There are many strong levers that we have that will continue to leverage into the future so the market can expect such performances into the future.
    WPTG’s CEO Marco Marangoni
    Through optimisation initiatives around utilisation and global resourcing, we not only managed inflationary pressures but also improved profit margins. Our operational rigour coupled with our constant quest to challenge and improve our efficiency, positions us for continued profit enhancement
    COO, WPTG, Ashley de Klerk
    By integrating Ataraxy Digital's expertise, we expand our mobility, AI, ML and IoT competencies portfolio for accelerated value realization for clients. Their specialised automation advancements will enable our teams to unlock next-generation process efficiency, insight discovery and experience enhancements by leveraging tailored augmentation capabilities seamlessly. This timely boost to our platforms and skills stack opens new markets providing wider competitive differentiation.
    Marco Marangoni, CEO of White Pearl Technology Group
    Ataraxy is a user-centric digital product agency that helps industry-leading brands craft digital products stimulating progress. We are very excited about the new business opportunities and the strength we gain by partnering up with WPTG and look forward to our joint journey.
    Federico Imparatta and Martín Alcalde, founders of Ataraxy Digital
    Our GDC´s are built on sustainable value creation with round-the-clock access for our clients and set to make a positive community impact wherever we operate.
    CEO of WPTG, Marco Marangoni
    Our well-designed business model continues driving increasing revenues paired with improving margins. Diligent cost optimization efforts combined with strategic investments to accelerate growth are key factors underpinning our success.
    Marco Marangoni, Group CEO, White Pearl Technology Group
    Being selected as a key partner by the City of Tshwane demonstrates our commitment to enabling public sector organizations to optimize their system performance through IT experts and knowledge transfer
    Marco Marangoni, Global CEO of WPTG
    WPTG offers a unique exposure to the digital transformation in a number of important developing countries. WTPG has shown an impressive record on these markets both in terms of sales as well as profitability. Through its diversification the operating trend has been remarkably steady. WPTG is quoted on the First North marketplace since 2023 but has so far received no greater attention. I believe that the company will receive a lot more attention and a higher valuation once the current expansion continues.
    TradeVenues Senior Analyst Claes Vikbladh
    "We are proud to have been the long-term partner enabling digital innovation and operational excellence for these prestigious Ethiopian organizations. Our localization and industry expertise combined with change management rigour have been pivotal to the program's success."
    Marco Marangoni, CEO of WPTG.
    With a solid order book and pipeline, we are confident in delivering continued strong performance in the second half of the financial year. Moreover, WPTG’s proven diversified business model serves as the bedrock of our growth strategy to secure more business in mature markets. The listing at First North Growth Market marked the initial step in this ambitious journey,
    Marco Marangoni, CEO of White Pearl Technology Group
    ISSC is a wonderful business playing in the very important space of Microsoft. Its experienced management team is led by CEO Emil Henrico. A variety of IT assets allows ISSC to deliver world class service to its customers. A large part of their revenue is annuity-based, which will complement the WPTG aim for diversification of income, geography and solutions contributing the growth of White Pearl Technology Group. ISSC’s plans for expansion in Europe and the Middle East aligns with ours and there are significant synergies to unlock.
    Marco Marangoni, CEO, White Pearl Technology Group
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