Romanian TotalSoft reports EUR 11.6 mln half-year turnover

Romanian software manufacturer TotalSoft recorded a turnover of EUR 11.6 million in the first half of 2011, and an EBITDA - profit after taxes- of EUR 2.3 million, up 40 percent compared to the same period last year, according to the company. Three quarters of the turnover were represented by the revenues of the projects developed on the Romanian market, while the rest came from abroad, especially from the subsidiaries in Bulgaria, Greece, Serbia and Qatar. On the Romanian market, the company's clients portfolio increased by nearly 100 customers. TotalSoft keeps the estimates made for 2011, planning to achieve a consolidated turnover of EUR 25 million and an EBITDA of EUR 4.5 million. The company, headquartered in Romania, has 1,500 customers in the private and public sector in 25 countries, including UK, Germany, Austria, Italy or France. Irina Popescu, irina.popescu@romania-insider.com (photo source: Sxc.hu)