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After 2009 restructuring, Fair Value resumes growth

After 2009 restructuring, Fair Value resumes growth

Autor: Adrian Seceleanu

15.11.2010, 00:06 15

Fair Value, a company specialising in the integration of SAPsoftware applications for companies, expects to end 2010 withturnover worth 12.5-13m RON (3m euros), up around 70% from lastyear, amid a rising number of clients and a broader solutionsportfolio.

"In the first nine months of this year, the number of clientsrose by 30% from a year ago," stated Metodiu Mehmet, generalmanager and owner of Fair Value, without providing furtherdetails.
In late September, the company's revenues reached 8.187m RON,double last year's level, while net income hit 481,000 RON. For theentire 2010, the company projects net income worth 1.2-1.3m RON,almost flat from last year. Fair Value ended 2009 with 23 permanentemployees.
Mehmet, who set up the company from scratch in 2005, after havingbeen a marketing and sales manager with Softwin domestic company,says the advance the company has witnessed this year also comes inthe wake of the changes the firm underwent last year amid thedifficult market situation.

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