“Teltonikas” group in 2023 profit grew by 22%, income by 8%

Last year, the group received 294 mln. EUR income is 8% more than in 2022. (EUR 272 million), Teltonika announced on Thursday.

Unstable world economic environment in 2023 somewhat hinders the growth rate of Teltonikas Group, but (…) we managed to increase revenues, created almost 300 new jobs, improved production, overall profitability and balanced the growth of operations, said Teltonikas Group Vice President for Finance Artras Kazan.

Teltonika received the largest share of 53% of its income from the sale of telematics contracts for transport management and tracking. More than 41% of the revenue was generated by the industrial network contracting business area.

According to A. Kazna, the company invested 19.5 million. Eur new technologies and products are created through scientific research and experimental activities.

The company’s electric vehicle charging station production generated 3.2 million euros last year. EUR turnover.

The announcement states that last year Teltonika started to create a 50-hectare technology park in Vilnius, the total investment of which will reach several billion Euros. The construction of two new factories, a printed circuit board (PCB) factory and an electronics assembly factory, started there. It is planned that its activities will start by 2025. middle

Teltonika has already produced more than 27 million units in its modern factories in Vilnius and Moltai. thing internet event.

Teltonika has offices in 21 countries around the world, where about 2,500 employees work.

The company launched 26 new products last year.

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