White Pearl Technology Group AB Increases Financial Forecast for 2028
White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF) today announced a substantial upward revision to its Vision 2028 strategic growth plan, with revenue targets increased across all future years. The 2028 revenue target has been raised by 18.1% to SEK 827 million (from SEK 700 million), while nearer-term projections show even larger increases, with the 2025 revenue target up by 27.0% to SEK 470 million. These revisions reflect the Company's stronger-than-expected performance in 2024, where actual revenue of SEK 310 million exceeded previous forecasts by 6.9%, and demonstrate increased confidence in WPTG's long-term growth trajectory across all markets.
The new forecast in detail can be found below.
Comparison of Previous and Revised Financial Targets
| Year | Previous Target | Revised Target | Revenue Change | ||||
| Revenue (MSEK) | EBITDA Margin | EBITDA (MSEK) | Revenue (MSEK) | EBITDA Margin | EBITDA (MSEK) | ||
| 2021 (A) | 134.9 | 11.0% | 14.9 | 135 | 11.0% | 14.85 | - |
| 2022 (A) | 182.5 | 11.1% | 20.3 | 183 | 11.1% | 20.31 | - |
| 2023 (A) | 239.6 | 14.1% | 33.8 | 240 | 14.1% | 33.84 | - |
| 2024 | 290 | >14% | - | 310 | 16.3% | 50.53 | +6.9% |
| 2025 (E) | 370 | >14% | - | 470 | 15.4% | 72.38 | +27.0% |
| 2026 (E) | 455 | >16% | - | 572 | 16.1% | 92.09 | +25.7% |
| 2027 (E) | 570 | >17% | - | 694 | 17.0% | 117.98 | +21.8% |
| 2028 (E) | 700 | >17% | - | 827 | 17.1% | 141.42 | +18.1% |
Note: (A) denotes actual results, (E) denotes estimates. These figures include organic growth and planned acquisitions and exclude depreciation, interest, taxes, and write-offs.
Marco Marangoni, CEO of White Pearl Technology Group, commented: "Our exceptional 2024 results, with revenue of SEK 310 million representing 6.9% growth over our previous forecast, have given us confidence to significantly raise our long-term financial targets. The updated Vision 2028 plan reflects the accelerating momentum of our business model and the increasing demand for our digital transformation services across global markets."
The Company will provide more detailed information on the strategic initiatives supporting these targets in a follow-up announcement.
This information is regulated information that White Pearl Technology Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out below at 11:00 CET on March 12, 2025.
About White Pearl Technology Group AB
White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 750 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.
For more information, please contact:
Investor Relations
White Pearl Technology Group AB
Email: ir@whitepearltech.com
Phone: +46 707 340804