“2019 was a good year for us. Consolidated revenue of our three companies in Romania stood at EUR22.3 million under IFRS standards, with EUR4 million EBITDA,” Gorkem Tursucu, CEO of TotalSoft since 2018 told ZF.
The target for 2019 was EUR23 milion revenue and EUR3.7 million EBITDA, . Revenue stood at EUR18.9 milion and EBITDA at EUR1.9 million in 2018,” the official added.
The advisory services and business IT solutions provider posted balanced growth across all segments, Gorkem Tursucu said.
While the revenue rose 20% in 2019, the number of employees went up 5% to 500, so the plan is to speed up hiring in 2020.
(English version by Loredana Fratila-Cristescu)