1 Aug, 2023
Comment: WTPG Provides Guidance for H1 2023 - Optimistic Outlook

Comment: WTPG Provides Guidance for H1 2023 - Optimistic Outlook

31 Aug, 2023


White Pearl Technology Group (WPTG) demonstrates robust growth through its diversified business model, which has resisted inflation and exceeded 30 percent organically.

  • WTPG provides a preview of a successful first half ahead of the upcoming interim report scheduled for release on August 31. 
  • WPTG comments on an expected organic growth of 30-35 percent for H1-23 compared to the same period the previous year. This applies to all revenue streams, with the base of recurring revenue (subscriptions and aftermarket) showing the strongest growth.
  • Growth by segment for H1 2023 compared to H1 2022:
    • Hardware sales increased by over 60%
    • Software license revenue increased by over 30%
    • Subscription and SaaS transition revenue increased by over 75%
    • Service implementation increased by 35%
    • Support and maintenance of ongoing revenue increased by over 50%.
  • WTPG's global presence has enabled effective management of inflationary pressures on wage costs and has allowed for successful handling of currency fluctuations in growth regions. 
  • The company comments on a strong order book that will be addressed in H2 2023, expecting good earnings visibility.


WTPG provides strong indications of a highly impressive first half with 30-35% organic revenue growth, despite challenging market conditions. Besides the figures themselves, it is also interesting to note that the highest percentage of growth is expected to come from the foundation of recurring business activities, which would contribute to a more stable cash flow and earnings visibility in the long term. Additionally, the company's strong order book suggests that the trajectory of total growth in net sales will continue in the second half.

The stock rose on the announcement and closed at 6.58 SEK on July 24, 3034, marking a 13.45 percent increase. Actual figures for H1 2023 will be announced on August 31, and we eagerly await along with the over 4,000 other shareholders from Avanza and Placera.

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