TotalSoft posts EUR 11.6mln turnover in H1

Newsroom 26/07/2011 | 15:10

Software producer TotalSoft announced a turnover of EUR 11.6 million in the first half of the year. Most of the revenues, 75 percent, came from projects the company developed in Romania while the remaining ratio came from abroad, from offices the company has in Bulgaria, Greece, Serbia and Qatar.

The TotalSoft’s EBITDA reached EUR 2.3 million which represented a 40 percent growth on the similar period last year.

TotalSoft forecasts it will post an overall annual turnover of EUR 25 million for 2011 while the EBITDA will increase up to EUR 4.5 million.

Last year, the company posted a turnover of EUR 22.45 million and an EBITDA of EUR 3.5 million.

Still in the first part of this year, TotalSoft made its entrance on the market in Africa by implementing its solution Charisma at Carrefour Automobile Dakar. The company also signed a USD 4.2 million contract with SATORP Saudi Arabia.

The company also signed new contracts in other countries where it has a footprint such as Austria where it signed a contract with BNP Paribas, Serbia where it has a deal with Procredit Leasing, Greece where it signed with Euroclinic, Avis, Bairamoglou and Eurodrip, Bulgaria where it signed with Anlagen-und Maschinenbau and Qatar where it has a contract with the Supreme Council of Information Technology.

In picture, Liviu Dan Dragan, TotalSoft’s general manager.