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Monday, 11 May 2009
++Significant improvement seen in 2008 financial results++
The INTRACOM IT Services Group showed a significant improvement in earnings and increase in turnover during 2008. More details are below.
- The Group's sales totalled EUR 161,8 million (compared to EUR 154 million in 2007), consolidating it as the leading Greek IT Solution and Services Provision Group for yet another year.
- The profits before tax, interest and depreciation (EBITDA) totalled EUR 17,85 million (compared to EUR 6,12 million in 2007), while profits before tax and interest (EBIT) totalled EUR 15,40 million (compared to EUR 3,28 million in 2007).
- The pre-tax profits totalled EUR 6,55 million (compared to EUR 0,54 million in 2007).
- Finally, the backlog at the end of 2008 totalled EUR 205 million.
Commenting on the results, the Dep. Chief Executive Officer of the Group, Mr. Nikolaos Socrates Labroukos, stated: '2008 was a year of rigorous effort and the Group's results show a significant improvement compared to 2007. We remained focus on the three-pronged strategy "international activity, specialisation, quality", which we have set as the development framework during the last years, while particular emphasis continues to be placed on recruiting the best human resources and on their constant improvement and development.
'Most of the group's companies and specifically INTRACOM IT Services, Intrasoft International, INTRACOM Jordan, and INTRACOM IT Services Denmark, have significantly improved their performance, and thanks to their efforts, today the INTRACOM IT Services Group has a physical presence in 11 countries, has ongoing projects in 55 countries worldwide and the Group's customer base has been significantly extended.
'This concerted effort will continue and will be further intensified. Consistent with our strategy, and by continuing the reinforcement of our Group, we believe that we will successfully overcome the difficulties of 2009 and will substantially exploit the opportunities which will appear in the Greek and international markets.'
About INTRACOM IT Services Group
The INTRACOM IT Services group belongs to INTRACOM HOLDINGS and is the largest Greek IT Solutions and Services Group. It has remarkably extended international presence and its international activities contribute 65% to its total income. It employs 1.600 people, of whom 55% work outside Greece . More than 500 organisations (agencies of the European Union, national governments, public bodies, banks, telecommunication organisations, businesses) in 55 countries worldwide have chosen the Group's services and solutions. The dynamically developing companies of the Group INTRACOM IT Services (parent company), Intrasoft International, INTRACOM Jordan, and INTRACOM IT Services Denmark enjoy a dominant position in the markets where they are active, and they are distinguished by the quality of their service provision. IDC systematically lists INTRACOM IT Services as the leading provider of IT solutions and services in Greece .
Information for Press only
Christina Geronlicola, Communications Director , INTRACOM S.A. HOLDINGS
e-mail: christina.geronicola@intracom.com
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