S.A.S. Grup posts EUR 1.6 million turnover

S.A.S Grup posted a turnover of approximately EUR 1.6 million (RON 6,800,000) for 2009, which represents an increase of 32.16 percent compared to the previous year when it posted nearly EUR 1.3 million (RON 5,145,000. The net profit increased with 69.9 percent from approximately EUR 99,000 (RON 395,000) in 2008 to approximately EUR 158,000 (RON 670,000) last year. The growth is due to the fact that the company acquired some new clients in its portfolio, having boosted its customer base from 220 clients in 2008 to 400 in 2009.

S.A.S Grup representatives foresee a 10 percent increase in the turnover of the company in 2010.

The solution SAS Fleet Pro for the management of car fleets is expected to maintain its annual growth rate of 33- 35 percent. SAS Fleet Pro posted in 2009 a 33 percent increase from 6,000 equipments active at the beginning of the year up to 8,000 in December. Approximately 95 percent from the revenues accumulated by the company came from these solutions the previous year.

“An important point for the strategy in 2010 is to support the rate of growth that new products such as SAS Tracker and SAS Locator have registered until now. The aim for this year is that cumulated sales for the two solutions reach approximately 20 percent from the total turnover,” says Adrian Dinu, General Manager of S.A.S Grup.

The demand in this segment will surge significantly in 2010, as the economic crisis has emphasized the demand of further keeping tabs on transportation costs and by implementing these systems, distribution companies and producers who make their own deliveries post expense costs which are 20 percent lower, says Dinu.

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Last year, the company launched two new products SAS Locator and SAS Tracker. “We were surprised to see a high demand for these products from leasing companies who are interested in using the SAS Locator solution for locating and recuperating cars, as well as from companies who lease certain goods that can disappear once the companies that took them close down,” said Dinu.

The company released its financial results in RON. The figures in EUR were calculated at the medium yearly EUR rate in 2008 and 2009 announced by the National Bank of Romania.