Entersoft Group’s net revenue returned to double-digit growth rate despite continuing crisis in the market. For the year 2016, the Group’s revenue amounted to 10.67 mil. Euro and EBT amounted to 0.98 mil. Euro, reflecting the company’s strategy to accelerate growth through increased investments. The net income of the holding company amounted to 8,01 mil. Euro, while profit before tax increased to 1,15 mil. Euro compared to last year’s amount of 0,84 mil. Euro.
Although yet another year was characterized by low demand and lack of funding opportunities, Entersoft managed to sign numerous and very important new deals. Indicatively for the holding company, we mention the signing of contracts for ERP, CRM and Mobile SFA with important clients such as WIND, TERNA S.A., SHOP & TRADE, KARAMOLEGOS, APOLLONION, ALCHIMICA, LAPIN, ALBA COLLEGE, AGRIS, NITSIAKOS, INTERWOOD, VANOS GENERAL SHIP SUPPLIES S.A., OUZO PLOMARI as well as many other medium and small companies through our Partner Channel. Respectively, our subsidiary, Retail Link, also achieved significant contracts in Electronic Invoicing and Supply Management Services, such as KRI-KRI, Coca Cola, LAGIE, IASO and many other large companies. Finally, we achieved a significant increase in our International Sales, especially in Romania and United Arab Emirates.
Our excellent performance in 2016 creates expectations for even higher growth in 2017. This is due to a substantial number of open projects scheduled to be delivered next year as well as the product launch of Entersoft Warehouse Management System (WMS). This new product, is aimed at companies within all sectors (Industrial, Wholesale, Retail and Logistics), who wish to monitor and manage the physical stock of their products. This new product was the main result of the 3-year investment plan of the company from 2014 to 2016 and is expected to create a significant new revenue stream for Entersoft in Greece and abroad in the coming years, further strengthening their growth.