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July 17, 2023

Other information - Equilor: Gloster is a larger company that is growing at a significant pace.

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Other information - Equilor: Gloster is a larger company that is growing at a significant pace.
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Order backlog growing steadily
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ADDITIONAL INFORMATION

Gloster Infocommunications Public Limited Company (company registration number: 13-10-042012; registered office: 2142 Nagytarcsa, Csonka János Street 1/A, Building A/2; hereinafter: the Company, Gloster) hereby informs its esteemed investors of the following in accordance with the Xtend General Terms and Conditions of the Budapest Stock Exchange and applicable laws.

Equilor: Gloster is a larger company that is growing at a significant pace

Equilor Investment Ltd. (hereinafter: Equilor) issued a brief response to the Company’s report on open order backlog released last week. According to Equilor’s brief analysis today , the growth in the order backlog reflects Gloster’s growth trajectory with increasingly smaller fluctuations. As the number of orders rises and services gain ground, the schedule for fulfilling orders is becoming more balanced, and long-term orders are becoming increasingly prominent. Behind the 2023 figures, we can already see a larger company that continues to grow at a significant pace. Equilor has not changed its target price for the stock: it maintains the target price at 1,396 forints, with a “Hold” recommendation.

Equilor's investment analysis can be found in the attached appendix.

This prospectus was prepared by Gloster Infokommunikációs Nyrt. (headquarters: 2142 Nagytarcsa, Csonka János u. 1/a). This prospectus contains only factual information and reasonable conclusions based on reasonable calculations, which have been disclosed by the authorized parties in accordance with applicable legal obligations. Pursuant to Section 5(1)(9) of the Capital Markets Act (Act CXX of 2001 on the Capital Market), this prospectus does not constitute an “investment recommendation,” and pursuant to the Securities Act (Act CXXXVIII of 2007 on Investment Firms and Commodity Exchange Service Providers and the Rules Governing Their Activities), does not contain any analysis, recommendation, or other information regarding investment analysis, financial instruments, exchange-traded products, or their issuers, the disclosure of which, on its own or in any other way, could influence an investor to make their own or another person’s money or other assets, in whole or in part, dependent on the effects of the capital market. Gloster Infokommunikációs Nyrt. and its representatives assume no liability for investment decisions based on conclusions drawn from the information contained in this prospectus, nor for any adverse legal consequences or financial losses resulting therefrom.

Nagytarcsa, July 17, 2023

Gloster Infocommunications Plc.

Further information:

Dr. Eszter Bassola

investor relations officer

bassola.eszter@gloster.hu

Gloster company logos icon
PDF
Other information - Equilor: Gloster is a larger company that is growing at a significant pace.
Download
Attached documents
Order backlog growing steadily
Download
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