A Profitable Year Lays the Foundations for 2010

Synergon Group achieved HUF 17 717 million sales revenue in 2009, while its operating profit amounted HUF 523 million. Despite the unfavourable economical climate the Company improved its contribution margin and increased profit. 35% contribution margin and 5% EBITDA ratio represented 3% annual increase.

Mark Lazarovits, the CEO of the company announced:

“I consider it an important accomplishment that we still managed to conclude contracts in this period that might lay down the foundations for the business successes of our company in 2010. Just to mention a few of these, there was the tool procurement tender of the National Directorate General for Disaster Management, our Microsoft EA agreement with the Hungarian State Treasury, and the IP network support contract concluded with Invitel Zrt.

Moreover, we took important steps towards the creation of an efficient organisation that encompasses innovation, business demands and outstanding expertise.

In my opinion, the performance of our company in 2009 and the new professional guidelines designed for 2010 provide a solid basis for the implementation of our business plan.”

Source: Synergon
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