TotalSoft posts EUR 22.45mln turnover for 2010

Newsroom 25/01/2011 | 14:13

Totalsoft, part of Global Finance group, ended last year with a consolidated turnover of EUR 22.45 million, which represents a 14 percent growth compared to 2009. The company posted an EBITDA of EUR 3.5 million.

The revenues from Romania amounted to EUR 18.1 million, while the rest are revenues from external markets.

Last year TotalSoft expanded across the borders by opening four new offices in Bulgaria, Serbia, Greece and Qatar but also by evaluating some potential acquisition targets in countries such as Turkey and Poland.

TotalSoft also won new projects on new markets such as Austria, Dubai, Spain and Saudi Arabia.

The company added 100 new clients to its portfolio. 32 of these implemented the Charisma ERP solution, 42 opted for Charisma HCM and 45 opted for the Primavera solution.

The most significant weight in the turnover was that of the retail/distribution sector (28.4 percent), services (24.8 percent), production (12.8 percent) and financial banking (12.4 percent).

TotalSoft estimates it will close this year with a consolidated turnover in excess of EUR 25 million, and a growth in EBITDA up to EUR 4.5 million.