WeDo Technologies revenue up 19.3%

WeDo Technologies posted a revenue growth of 19% in 2012 on the back of a 20% surge in orders.

The company said its EBITDA swelled by 55% to 8.7 million euros ($11.1 million). Last year was the 12th consecutive with positive EBITDA.
In 2012, WeDo won 30 new customers across 16 different countries. It also acquired US-based Connectiv Solutions.

This year, WeDo plans to actively look for growth opportunities in Southeast Asia (Indonesia and/or Malaysia) as it continues to build on last year’s acquisition.