Reported Earnings • May 06
Full year 2025 earnings released: EPS: €0.022 (vs €0.012 in FY 2024) Full year 2025 results: EPS: €0.022 (up from €0.012 in FY 2024). Revenue: €21.0m (up 39% from FY 2024). Net income: €584.4k (up 78% from FY 2024). Profit margin: 2.8% (up from 2.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. New Risk • Apr 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (91% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (€40.8m market cap, or US$47.9m). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.02, the stock trades at a trailing P/E ratio of 33.7x. Average forward P/E is 14x in the IT industry in Europe. Total returns to shareholders of 104% over the past three years. Duyuru • Feb 17
Quality & Reliability A.B.E.E. (ATSE:QUAL) signed a definitive agreement to acquire 51% stake in MTIS S.A. for €2.6 million. Quality & Reliability A.B.E.E. (ATSE:QUAL) signed a definitive agreement to acquire 51% stake in MTIS S.A. for €2.6 million on February 16, 2026.The agreed consideration amounts differ in terms of structure and payment mechanisms:: 50% of the consideration that is €1.33 million was paid upon signing in 2026 for the acquired equity stake and the remaining 50% of the consideration will be paid in the first half of 2027, upon finalisation of the financial statements. An additional payment is provided for, subject to the achievement of revenue and profitability targets. In the event of a minority exit, the consideration for the remaining stake is determined based on the achievement of targets. Quality & Reliability is provided with an option for the acquisition of the remaining stake. The transaction are being financed entirely through available cash.
The valuation of the MTIS S.A. was based on a five-year business plan submitted during the financial and legal due diligence phase, which was evaluated and adjusted to align with the QnR Group's strategy. New Risk • Jan 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 4.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (91% net debt to equity). Share price has been volatile over the past 3 months (4.6% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (€49.0m market cap, or US$58.0m). New Risk • Jan 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (91% net debt to equity). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (€46.8m market cap, or US$54.4m). Duyuru • Dec 24
Quality & Reliability A.B.E.E.(ATSE:QUAL) dropped from ATHEX Composite Index Quality & Reliability A.B.E.E..has been dropped from the ATHEX Composite Index. New Risk • Jun 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (€33.9m market cap, or US$38.7m). New Risk • May 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.2% Last year net profit margin: 6.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (€30.2m market cap, or US$34.2m). Duyuru • Apr 28
Quality & Reliability A.B.E.E., Annual General Meeting, Jul 11, 2025 Quality & Reliability A.B.E.E., Annual General Meeting, Jul 11, 2025. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€30.1m market cap, or US$34.3m). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.03, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 17x in the IT industry in Europe. Total returns to shareholders of 125% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.45, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 18x in the IT industry in Europe. Total returns to shareholders of 203% over the past three years. Duyuru • Dec 25
Quality & Reliability A.B.E.E.(ATSE:QUAL) dropped from ATHEX Composite Index Quality & Reliability A.B.E.E. has been dropped from the ATHEX Composite Index New Risk • Dec 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Greek stocks, typically moving 5.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Share price has been highly volatile over the past 3 months (5.6% average weekly change). Minor Risk Market cap is less than US$100m (€33.0m market cap, or US$34.9m). Board Change • Sep 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Member Paras Barot was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €1.29, the stock trades at a trailing P/E ratio of 55.8x. Average trailing P/E is 20x in the IT industry in Europe. Total returns to shareholders of 402% over the past three years. Duyuru • Apr 28
Quality & Reliability A.B.E.E. to Report Fiscal Year 2023 Results on Apr 29, 2024 Quality & Reliability A.B.E.E. announced that they will report fiscal year 2023 results on Apr 29, 2024 Board Change • Apr 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director PANAGIOTA GRIGORAKI was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€35.1m market cap, or US$37.3m). New Risk • Nov 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€610k). Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (€14.9m market cap, or US$15.8m). New Risk • Aug 03
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Minor Risk Market cap is less than US$100m (€21.6m market cap, or US$23.6m). Duyuru • Jun 01
Quality & Reliability A.B.E.E., Annual General Meeting, Jun 12, 2023 Quality & Reliability A.B.E.E., Annual General Meeting, Jun 12, 2023, at 09:00 E. Europe Standard Time. Location: 11B KONITSIS STR Marousi Attikis Greece Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 04
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €378.9k from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 24% per year. Duyuru • Jun 04
Quality & Reliability A.B.E.E, Annual General Meeting, Jun 28, 2022 Quality & Reliability A.B.E.E, Annual General Meeting, Jun 28, 2022, at 09:00 E. Europe Standard Time. Reported Earnings • May 05
Full year 2021 earnings released: €0.023 loss per share (vs €0.024 loss in FY 2020) Full year 2021 results: €0.023 loss per share (up from €0.024 loss in FY 2020). Revenue: €2.95m (up 1.0% from FY 2020). Net loss: €631.3k (loss narrowed 5.5% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Dec 31
New 90-day high: €0.28 The company is up 29% from its price of €0.21 on 02 October 2020. The Greek market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: €0.24 The company is up 21% from its price of €0.20 on 10 September 2020. The Greek market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: €0.23 The company is up 14% from its price of €0.20 on 13 August 2020. The Greek market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 2.0% over the same period. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of €751.2k, with losses widening by 20% from the prior year. Total revenue was €2.21m over the last 12 months, down 16% from the prior year. Is New 90 Day High Low • Oct 01
New 90-day high: €0.22 The company is up 4.0% from its price of €0.21 on 03 July 2020. The Greek market is down 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 5.0% over the same period.