In 2007, Syncron increased its revenue by 14 % to € 12, 6 million, the company’s largest turnover to date. This corresponds to an average annual growth rate exceeding 20 % over the past two years, to be compared with a general average growth rate of some 5 % in the market for Supply Chain Management solutions according to analysts AMR and Gartner. The company qualified as the fastest growing business in its industry in Europe, the Middle East and Africa, according to Deloitte’s yearly growth ranking, Fast 500. The profit before taxes increased to € 1, 1 million, up 11 % compared to 2006.
License sales continued to grow in 2007, beyond overall revenue growth. Examples of global leaders acquiring software from Syncron in 2007 are Toyota, Renault Trucks, Konecranes, Alfa Laval, Sandvik and Lindab.
“I believe that the key to Syncron’s rapid development towards becoming a leading international player is our ability to easily deliver solutions, that create great value for some of the world’s most sophisticated and demanding companies,” says Anders Grudén, CEO Syncron.
Syncron has accelerated investment in product development that now corresponds to 20 % of the company’s revenue. The company’s development centre in Poland grew significantly in 2007 and is now a well established and recognized operation in the European software industry.
During the year, Syncron continued its global expansion, where the launch of a US operation was an important milestone. Several experienced and in the market well recognized executives were recruited to the teams in London, Birmingham, Atlanta, Warsaw, Malmö and Stockholm. Global headcount increased by 35 %.
“We aim to triple our growth over the coming four years to reach a global market share of 5 %,” says Anders Grudén. “Our strategy is based on organic growth complemented by select acquisitions. We see that our recently established US operations will be a critical vehicle for growth going forward.”
For more information, please contact:
Anders Grudén, CEO Syncron International AB
Mobile: +46 (0) 70 834 59 10
E-mail: anders.gruden@syncron.com
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