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Significant growth for Entersoft in 2017

Athens, 7 March 2018


The net income of Entersoft Group continued to rise in 2017 by double digits. In particular, the Group's revenue amounted to € 11.8 million, while earnings before taxes increased by 39% compared to the previous year and amounted to € 1.37 million. Net income of the parent company amounted to Euro 9.01 million, up 12.4%, while earnings before tax amounted to 1.14 million Euros.


Although total market demand showed no upward trends, Entersoft and Retail Link were able to claim a large number of new clients and increase market share. Indicative new client projects include ATHENS, MOUZAKIS, EKEMS, PHARMAZAK, EUROPA, MANOSPACK, ALPHA PROPERTY, FRESHLINE, MOURIKI, CHANDRIS, OLYMPUS MILK, MEVGAL, ELPEN, SANI RESORT as well as more than 200 other medium and small businesses through Entersoft’s partner network. Retail Link subsidiary also achieved important contracts for e-invoicing and Supply Chain Management services with companies such as KRI-KRI, MEVGAL, AVIS, KURTAKIS, PRINTEC, Boehringer Ingelheim, MARS, BARMPA STATHIS, NUMIL and many other large and medium sized companies. Finally, international sales and especially in Romania also recorded a significant rise.


Over the past two years, the group has consistently doubled annual growth rates of earnings and profits. This performance is expected to continue due to the existing backlog of contracted projects, new products and services such as Entersoft WMS, which has an excellent record of accomplishment in the market, as well as the continued growth of new customers, which is expected to intensify with the upcoming NSRF for the Private Sector. Another factor for the rise is anticipated to be the increase of companies’ investments in digital systems, which was kept low all previous years and shows first signs of recovering.