Tiberiu Urdăreanu, founder of UTI group, with 126m-euro turnoverlast year, says the volume of works the company has gained abroadthis year doubled from 2009, with this as one of the reasons makingthe businessman project 2010 turnover will rise by 20m euros, toover 146m euros.
"For UTI, the decline was more visible in 2009, the first year ofreal economic crisis, and translated into a 25% turnover slide,from 160m euros in 2008 to 126m euros. The decrease came as some ofour clients gave up previously announced development plans,particularly in the constructions and IT fields. This year, though,we've entered with a portfolio of newly signed contracts, to becarried out over several years," says Urdăreanu, explaining costcutting steps hurt all the companies of the group, but allowed theprofit margin to rise.
Thus, while in 2008 generated EBITDA stood at 15.2m euros,accounting for a 10% profitability rate, in 2009 EBITDA reached16.9m euros, meaning a 13% profitability rate.
In the first half of this year, the company's turnover reached 68meuros, while EBITDA hit 10m euros. For the entire 2010, thecompany's representatives expect net income to go beyond 12.5meuros from 4.87m euros last year.
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