Entersoft’s Group revenues increased by 17% in 2014 as a result of its recent investments in new products, activities abroad and the new acquisition of Alpha Software Solutions.
Group’s net income amounted to €9.39 mil., showing a 17% increase compared to 2013 results, while earnings before taxes amounted to €1.54 mil., showing a 57% increase compared to the previous year. The holding company net income increased by 13% and amounted to €7.05 mil., while profits before taxes amounted to €1.70 mil., significantly increased compared to 2013. During 2014 the Group increased its personnel by 35%, creating 45 new job positions.
Although the year was characterized by restrained enterprise investments, especially during the last quarter, Entersoft managed to take on new projects for important new customers such as: AMVYX SA, EMA SA, HELLENIC SUPPLY, PRODUCTION & CREDIT PARTNERSHIP OF LABORATORY DOCTORS SYN.PE (MEDISYN), MINERVA OILS SA, ALPHA-BETA VASSILOPOULOS, ENA CASH AND CARRY, ASTRAZENECA SA, IEK AKMI (education), IBS SA, DRAKOULI KOFFI SA, NATIONAL BANK OF GREECE CULTURAL FOUNDATION, ACTELION PHARMACEUTICALS HELLAS SA, BRAVO GREECE SA, PROXIMITY ZZ SA, ISOMAT and many more.
Retail Link was the fastest growing subsidiary, with a large increase in revenues and profits. Retail Link implemented new projects for companies such as The Coca Cola Co., Dodoni SA, Athenian Brewery, Johnson & Johnson and more. Sales in other countries, showed steady progress and are expected to grow further next year, due to the establishment of Entersoft Middle East in Dubai.
As announced last summer the company aims to further strengthen its growth, by implementing its three (3) year investment plan amounting €5 mil., to develop new products. Key new products, currently in development, focus on creating added value, enhancing competitiveness and maximizing potential for international growth for Entersoft’s customers. They will cover areas such as CRM Marketing (Merchandising, Segmentation Analysis), Warehouse Management Systems (WMS), etc. At the same time, all core products of the company will be provided On Premise, On Cloud, and as Software as a Service (SaaS) for greater flexibility.