SAS Grup posted a turnover of approximately EUR 1.6 million (RON 6.8 million) for 2009, an increase of 32.16 percent compared to the previous year when it posted nearly EUR 1.3 million (about RON 5.15 million). Its net profit increased by 69.9 percent from EUR 99,000 (RON 395,000) in 2008 to about EUR 158,000 (RON 670,000) last year. The growth is down to client acquisition, the company having boosted its customer base from 220 customers in 2008 to 400 in 2009.
SAS Grup representatives foresee a 10 percent increase in turnover 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 a 33 percent increase in 2009, from 6,000 pieces of equipment active at the beginning of the year to 8,000 in December. Approximately 95 percent of the company’s revenues came from these solutions the previous year.
“An important element of the strategy in 2010 is to support the growth rate 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 of total turnover,” said Adrian Dinu, general manager of SAS Grup.
The firm predicts demand in this segment to surge significantly in 2010, as the economic crisis has underlined the need to keep tabs on transportation costs. By implementing these systems, distribution companies and producers who make their own deliveries incur 20 percent lower expenses, said Dinu.
Last year, the company launched two new products SAS Locator and SAS Tracker.
“We were surprised to see high demand for these products from leasing companies who are interested in using the SAS Locator solution to locate and recover cars, as well as from companies who lease certain goods that can disappear once the firms that took them close down,” added the GM.