transtec satisfied with first half year of 2010
Growth in incoming orders
"We are witnessing a rejuvenation of the market and the first signs that companies are starting to reinvest in IT. In small to mediumsized businesses especially, special solutions that generate cost savings are particularly in demand - this trend underlines our strategic company restructure", comments Hans-Jürgen Bahde, CEO of transtec AG. "We managed to double earnings with IT solutions and services in the first half of the year - highperformance and virtualisation solutions played an important role in this increase".
The Group's earnings amounted to 19.1 million euros in the first six months of 2010, which were down by 5.6 percent on last year's amount. The international IT supplier believes this is the result of the lack of investment in 2009 which considerably left its mark on the invoices in the first quarter of 2010.
Due to the rise in incoming orders and the steady recuperation of the IT market, transtec predicts for 2010 increasing profits in all organisational units of the transtec Group. The IT supplier expects a positive annual result from 2011 onwards.
This press release is available for downloading as a Word and PDF document as well as highresolution photos at: http://www.transtec.co.uk/go/PI-Halbjahresbericht2010
About transtec AG
transtec Computers Ltd. in Oxfordshire was established as a subsidiary of transtec AG in 1991. Quoted on the stock exchange, transtec AG has had its headquarters in Tübingen (Germany) since 1980. transtec AG has developed into a successful IT solutions provider specialising in virtualisation, HPC and IT infrastructures. The company's key areas of expertise lie in the evaluation, development and implementation of customised products and concepts. transtec IT solutions are designed to the "engineeredtoorder" principle and customised to individual requirements. Companies and public institutes can profit from over 30 years' experience of this IT specialist. transtec AG has its own subsidiaries in Belgium, France, the UK, Netherlands, Austria and Switzerland. In 2009, transtec's 134 employees made a turnover of approximately 40 million euros.