White Pearl Technology Group Reflects on a Transformative Year and Sets Ambitious Course for 2025
White Pearl Technology Group AB (WPTG) today shared a comprehensive year-end update highlighting its remarkable achievements in 2024 and outlining strategic initiatives for 2025. The company has demonstrated strong performance across all business segments while expanding its global footprint and technological capabilities.
Key 2024 Achievements:
- Successful expansion of AI and IoT solutions portfolio, with particular success in municipal smart city implementations
- Strategic market penetration in the Nordics and continued strong growth in Africa and Middle East regions
- Launched pioneering AI-driven revenue optimisation and fraud management solutions for municipalities, demonstrating a 10-15% improvement in revenue collection
- Strengthened vendor partnerships with leading global technology providers
- Successful completion of a directed share issue strengthening the company’s financial position
- Initiated dual listing process on US OTC markets, expected completion in Q1 2025
Marco Marangoni, CEO of White Pearl Technology Group, commented: “2024 has been a pivotal year for WPTG, marked by strategic expansion and technological innovation. Our success in implementing advanced AI solutions and securing major municipal contracts demonstrates our ability to deliver cutting-edge technology solutions across diverse markets. The strengthening of our operational framework and strategic partnerships has created a solid foundation for accelerated growth in 2025. We have also shown substantial resilience in dealing with challenges that came our way during the year. This gives me great confidence into 2025 and beyond.”
Financial Performance Update:
The Group has demonstrated consistent growth throughout 2024 and will announce its Q4 and full-year results on 10 February 2025. A comprehensive financial review will be provided at that time.
Strategic Focus for 2025: The company has outlined five key strategic initiatives for 2025:
- Industrial Technology Expansion
- Increased investments in waste and water management services
- Development of new IoT-based industrial solutions
- Enhanced focus on sustainable technology implementations
- Strategic Acquisitions
- Accelerated M&A activities in the Nordics, Europe, and USA
- Focus on companies complementing WPTG’s technology portfolio
- Emphasis on market-specific expertise acquisition
- Product Development
- Launch of new enterprise-grade solution suite
- Enhanced AI and machine learning capabilities
- Expanded municipal smart city solutions
- Market Penetration
- Deeper engagement with existing customer base
- Strategic entry into new geographic markets
- Enhanced focus on cross-selling opportunities
- Partnership Enhancement
- Strengthened strategic vendor relationships
- Expanded solution partner network
- Enhanced global delivery capabilities
Ashley de Klerk, Executive Vice President, added: “Our achievements in 2024 have positioned us strongly for the next phase of growth. The upcoming US OTC listing will provide enhanced visibility and access to new investment opportunities, supporting our ambitious expansion plans for 2025.”
Long-term Strategic Outlook:
White Pearl Technology Group’s five-year strategic plan continues to advance, with revenue targets tracking in line with projections of over SEK 700M by 2028. The expansion strategy focuses on strengthening its presence in existing markets while pursuing strategic entry into North America and Europe, supported by targeted acquisitions. The Group maintains its EBITDA margin targets of >17% by 2027, driven by AI innovation, proprietary solutions development, and enhanced service offerings across key growth markets.
WPTG extends its gratitude to its employees, partners, and shareholders for their support and looks forward to an exciting year ahead.