Distinction for Globalsat in the Greek business awards ‘’Protagonists of the Greek Economy’’ for the outstanding performance in its financial results

Globalsat, which is currently one of the fastest growing Greek companies, was distinguished in the Greek business awards ‘’Protagonists of the Greek Economy 2023’’, which were organized for the 8th time, honoring Greek entrepreneurship and the companies that are the positive examples of growth and development in the Greek market.

Globalsat, based on its financial performance for 2022, was awarded for the 2nd consecutive year in the “Greek Business Champions” category, which recognizes companies that achieve a turnover of more than 10 million euros and at the same time show an increase of more than 10% in turnover and the profits before taxes, during the same financial year.

In its financial results for 2022, Globalsat recorded a significant increase of 14.85% in its turnover and a growth of more than 2.5 million euros in pre-tax profits (253.78% increase compared to 2021), confirming its development course in recent years.

Mr. Costas Agrafiotis, General Manager of Globalsat stated: ‘’Globalsat welcomes and plans its third decade of operation, leveraging its experience and strength in distribution services, its strong and ever-growing customer base in the retail and technology markets and aims to transform itself into a complete and integrated provider of business solutions not only in the Greek, but also in the European market. The development pillars of our business plan focus on the further expansion of solutions for self-production and consumption solar energy systems for businesses, the development of IoT solutions to monitor overall consumption through Smart Metering systems, as well as the establishment of e-mobility. In addition, the development of value-added services in product distribution, integrated IoT solutions for the digital transformation of companies, which allow businesses to become more competitive and modernize their operations, and finally expansion into new markets, remain firmly in our priorities, offering all the services included in our portfolio.’’

Going through its third decade of operation, Globalsat’s new business development plan is based on three main pillars: technology, with the expansion of business solutions, innovation, with new products and applications, sustainable energy, with the expansion of solutions for the green transition of businesses.

About Globalsat Group

Globalsat Group is a leader in the Greek market in the distribution and commercial management of technology products, telecommunications equipment, home appliances and tech gadgets. It also offers integrated, technology-based business solutions to enable its clients to take advantage of the opportunities that arise in the context of digital transformation. The Group has exclusive partnerships with leading international brands such as Samsung, Huawei, TCL, Sencor and Logitech and it collaborates with all the companies in the sector of telecommunications and technology, as well as with all retail networks in Greece and Cyprus. In addition, in the context of the green transition of businesses in Greece, the Group offers a full range of specialized solutions that include the development of Blink’s electric car charging network in Greece, the financing, study and installation of photovoltaic systems for self-consumption in the premises of businesses in order to reduce their energy cost, as well as the development of IoT Smart Metering solutions.

Globalsat was included in the list of the 30 fastest growing companies, in Fortune’s Greece 2022 ranking. Furthermore, the company was officially certified as GREAT PLACE TO WORK and is now included in the list of the top companies distinguished for their work environment and culture.

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