This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Basware anuncia buenos resultados en el segundo trimestre de 2009
BasWare Announces good results in the second quarter of 2009
20/07/2009
July 20, 2009
BasWare, provider specialized in automation of processes of procurement and invoice management solutions, has revealed the good results obtained during the second quarter of 2009, with 22.729 million euros in net sales. Despite the challenges posed by the current economic environment, net sales grew by 1.9 per cent in the second quarter in comparison with previous years. The benefit of the operations carried out in the first half of the year was increased by 72 per cent, representing 8.4 per cent of net sales, while the profits in the second quarter have decreased by 11.7 per cent compared with the same quarter of last year.
BasWare has been a notable increase in all markets, and has carried out international operations that accounted for 52.6% in net sales, a growth of 8.6 percent. The company expects net sales to develop positively in 2009, reaching the level of the financial year of 2008. Also, the company expects EBIT, profits before interest and taxes, to represent finally from 10 to 15 percent of net sales.
