IBM Romania will post EUR 51.01mln turnover in 2009

IBM Romania, the local branch of the American supplier of IT products and services, will end 2009 with lower turnover and profit than in 2008. Thus, the company’s turnover amounted to RON 187.7 million (approximately EUR 51.01 million) and the profit amounted to RON 14.8 million (approximately EUR 4.02 million), according to Mediafax newswire.

However, these financial results were above those registered by IBM in Romania in 2007. Thus, the company posted in 2007 a turnover of RON 152.3 million (approximately EUR 45.7 million) and a profit of RON 12 million (approximately EUR 3.6 million).

“We hope next year will bring us above the level we registered in 2008,” said Mihai Tudor, general manager of IBM Romania. “After in 2009 the market decreased visibly, 2010 can only be a growing year because we leave from a lower level and Romania will come out of recession, taking into account the specific delay after it entered in decline later than other states. We are an emerging, attractive, high- potential country,” said Tudor. IBM has over 1,500 employees.

Read more about

Air Show in Bucharest on Saturday for Aviation Day: dozens of military aircraft to fly over Aviatorilor Square

read more