Penta Technology did not slow down in profitability and turnover

Penta Technology continued its record financial performance in 2023 in the first three months of this year. The company carried its strong financial position and achievements in profitability and turnover in 2023 into 2024. Penta Technology’s first three-month consolidated turnover reached 6 billion TL, an increase of 69 percent compared to the same period of the previous year, while its gross profit reached a total of 434.9 million TL, an increase of 71 percent compared to the same period of the previous year. Penta Technology’s EBITDA increased by 53 percent in the first three months of 2024, reaching 258.2 million TL, and its EBITDA margin was 4.3 percent. Penta Technology made a pre-tax profit of 84.2 million TL in the same period.

Fatih Erünsal: “We are Turkey’s leading value-added technology distributor”

Penta Technology General Manager Fatih Erünsal stated that the company has managed to become one of the strongest and most reliable brands in Turkey in its 34-year journey and evaluated the first quarterly financial results as follows: “Today, with our business partnerships with more than 40 global and local technology brands, our high operational capability, We are Turkey’s leading value-added technology distributor with our experienced teams, digital infrastructure and services. We prioritize the growth of our business partners in every step we take in the sector in which we operate. While we make a difference in the sector with our services such as Penta Integration, Penta Subscription Management, Penta Depom, Penta Technology Centers, we will continue to offer innovative product and solution options to meet the needs of our customers and maintain our strong growth in terms of market size and profitability with our investments in digitalization.”