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Zitec plans 5 million Euro worth business this year

Zitec, major provider of personalized technology solutions, services and products in Romania, announced it recorded a 30 per cent increase in turnover in the first half of 2017, compared to the same period in 2016. For the full year 2017, the company estimates revenues over 5 million Euro.

2017-08-08 20:33:45

According to Zitec press release, the projects delivered to customers in Romania, the United States and the UK generated the bulk of the company's revenue in the first half of this year. Reported strictly to the turnover of foreign projects, it amounted to about 40 per cent, most of the projects being delivered for markets in the Netherlands, the United States, Switzerland and the UK.

"Last year, we chose to give up some less profitable business directions and focus on the main areas of the Zitec portfolio, a decision that has been validated by current results. Software development, consultancy and digital marketing services have been steadily rising, including 2016, a trend that has also been sustained in 2017. Thus, in the first half of the year, we recorded a revenue advance of more than 30% compared to the same 2016 interval, "says Alexandru Lăpuşan, CEO and founder of Zitec. According to Lăpuşan, revenues generated by digital marketing services have exceeded 130,000 Euro in the first six months of the year and will increase by 50 per cent compared to 2016, exceeding the value of 300,000 Euro.

This year, the company plans to invest 400.000 Euro in other companies and projects, also planning to expand in two other major cities in Romania, after current locations at Brasov and Bucharest. Zitec numbers 145 specialists located in the company's offices at Bucharest and Brasov and plans to reach 160 employees by yearend.

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