2010 Bussines Results Announcement
 

14 July 2011, – In 2010 RECRO-NET recorded a high growth of 63% and announced good results for 2011

In the previous business year one of the leading Croatian system integrators, RECRO-NET, recorded extremely good financial results.

A good business strategy and quality customer relationship resulted in an income increase of 63% in comparison with 2009.

From the retrospective point of view, RECRO-NET finished crisis year 2009 with HRK 75.1 million in income, whereas in 2010 the income increased to a magnificent HRK 122.7 million.

In 2010 the company gained a HRK 2.8 million profit. These business results have made RECRO-NET highly ranked among the leading IT companies in Croatia.

In addition to having recorded excellent results, last year RECRO-NET invested in further regional business expansion.

In the first half of 2011, RECRO-NET also registered very good financial results. The current results indicate a 21% increase in comparison with the first half of 2010.

The first half of 2011 also resulted in an employee increase for RECRO-NET and the acquisition of a software company, Intenda Net.

In comparison with the results achieved in the first half of the year, the results planned for the second half of 2011 are somewhat more conservative given the forecast of economic movements in the Croatian market and the forthcoming elections. Despite its conservative nature, the plan did provide RECRO-NET with a successful ending of 2011.

“In spite of the crisis and due to a new organisation and strategy, 2010 proved to be positive for RECRO-NET’s turnover and profit, and we would like to continue this trend in 2011 with a similar strategy: sales reinforcement and larger customer presence, much better understanding of customer needs, requirements and priorities, search of new partners, focus on innovative solutions that allow customers to achieve their objectives, and all employees’ commitment to the achievement of these objectives. Understanding of market changes, including technological and business changes, is a crucial long term company success factor,” said Tomislav Hrisoho, RECRO-NET’s CEO.

Tomislav Hrisoho, RECRO-NET’s CEO