Romanian TotalSoft’s turnover up, 15% increase eyed for 2014

Romanian software provider TotalSoft recorded a consolidated turnover of EUR 27 million in 2013, and an EBITDA profit of EUR 4.9 million. The company’s revenues in Romania totaled some EUR 23 million, while the implementation of complex solutions in international accounts generated EUR 4 million, reads a statement of the company. The Charisma division represented 69 percent of the company’s revenues in 2013, the Acollada division generated some 20 percent of the turnover, while revenues from TotalSoftPM, the project management division, amounted to 11 percent of the total. TotalSoft added 100 companies to its client portfolio in 2013. Some of the companies that have joined the Charisma client portfolio last year were Tinmar, RePower, e-ON, Servier Pharma, Lasherz, Conex Distribution, Albalact, MNT Healthcare Europe, Cegedim, Cargil, Green Group, Howard Johnson and Agro Chirnogi, according to the company. The project management division TotalSoftPM ended 2013 with a profit of 20 percent, the highest in the last five years, and a list of clients that includes Azomures, OMV Vienna, EPCM, Silcotub, Rompetrol, the Ministry of Culture, Dambovita and Iasi County Councils, Delta ACM, Lukoil, and Astor Com. For this year, the company expects a 15 percent increase in the overall turnover, a 20 percent growth in revenues from Charisma solutions, and triple revenues from structural funds projects. Also, TotalSoft targets an EBIDTA of EUR 6 million this year. Irina Popescu, irina.popescu@romania-insider.com