The Slovakian ESET turned an Unfavorable Situation to its Advantage, Recording Nearly €70m in Profits 

War waged by Russia in Ukraine propelled a worldwide emphasis on security and cyber resilience.


Slovak IT leader and a developer of a well-known anti-virus software, Eset, has announced record profits, despite its decision to withdraw from the Russian and Belarusian markets after the outbreak of war in Ukraine. In the last year, Eset’s sales soared by over 40 million EUR to 589 million EUR, while post-tax profit nearly touched 70 million EUR. This accomplishment was achieved amidst financial setbacks resulting from the company’s exit from Russian and Belarusian markets due to the military invasion of Ukraine. Eset’s CEO, Richard Marko, described the situation following the military invasion of Ukraine as a stark turning point that required swift action. This included addressing cyber-attacks, supporting humanitarian aid, and making the tough decision to exit the Russian and Belarusian markets, leading to considerable financial losses. However, the unfolding conflict also propelled a worldwide emphasis on security and cyber resilience, which, in a surprising twist, helped Eset fulfill its growth targets.  

Source: ekonomika.pravda.sk

Jakub Warzecha

Creative copywriter, archaeologist. Interested in history, technology and military matters. Specializes in marketing communications and application architecture design.

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