EQTEC PLC (AIM:EQT) chief executive David Palumbo and chief operating officer Jeff Vander Linden joined Proactive's Stephen Gunnion with details of a fourth-quarter trading update that supported a sharp rise in expected annual revenues for 2021 to between €8 million and €10 million, up from €2.2 million in 2020.
EQTEC telling Proactive that despite some challenging market conditions, including raw materials shortages, higher prices and increased shipping costs and times, it has delivered over four times revenue growth and finds itself in a strong position to grow even faster.
The company is now active in seven markets and may enter an eighth market in 2022 as the business continues to scale, it added.