Computerland promises to double net income

APA - Austria Presse Agentur
opublikowano: 02-03-2005, 19:13

Warsaw (Puls Biznesu) – Computerland, Poland’s listed integrator, wants to double its consolidated net income this year. In 2004, it amounted to PLN 13.7 m (EUR 3.5 m). ‘These assumptions are sensible’, Tomasz Krukowski, DM BZ WBK analyst commented.

Warsaw (Puls Biznesu) – Computerland, Poland’s listed integrator, wants to double its consolidated net income this year. In 2004, it amounted to PLN 13.7 m (EUR 3.5 m). ‘These assumptions are sensible’, Tomasz Krukowski, DM BZ WBK analyst commented.

‘We base our operations on four segments. The first one, is banking, which was in recession but this year should grow at a double-digit rate. Last year, we had PLN 270 m of sales in this sector. In telecommunication sector, we would like to have PLN 350 m of sales till 2007, while we had PLN 200 m in the last three years. 70 percent of the sales will be the result of contracts with TPSA and France Telecom. In the same period, we are going to double to PLN 400 m sales from public sector. It is a very promising market as it is strengthened with EU funds’, Michal Danielewicz, Computerland general director explained.

Computerland plans organic growth and acquisitions. It has PLN 60 m for shopping and is looking for products, foreign companies and IT units divided from other companies. The company is also planning to double exports, which in 2004 amounted to PLN 20 m. ‘Another record year is upcoming’, Tomasz Sielicki, Computerland CEO said. Investors, however, seemed not to be convinced. Yesterday, Computerland was falling during the day even by 5 percent to PLN 121.5.

(PLN 1 = EUR 0.256)Poland/Enterprises/Computers

 

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Podpis: APA - Austria Presse Agentur

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