AVITECH: 34% Higher Income in 2008

AVITECH: 34% Higher Income in 2008

AVITECH has finished year 2008 with turnover 18.6 million Euro, which is 34% more than the previous year's result. The increase was below the forecast level of 45%, caused by the low level of sales in November and December last year, when the effects of the global economic crises were strongly felt on the Romanian market.

The company maintains its top position in Romania, on three market segments: audio-video integrated systems, videoconference and high-end systems for "smart houses".

On the segment of professional security systems, in which AVITECH has emerged in 2006, the company recorded an increase of 127% compared to year 2007.

Among the major projects implemented in 2008, there are: equipping and setting up a command and control centre - at the Ministry of Administration and Interior; nation-wide videoconference systems - at the Ministry of Justice, at the Agency for Payments and Intervention for Agriculture; equipping and setting up dispatchers - at Rompetrol, Ericsson Romania, Transgaz; digital signage network - at Alpha Bank; integrated security systems - at Danone Romania, Renault Romania; integrated security systems, electric installations, BMS - at Unirea Shopping Center Brasov, Galeria Mall Buzau, Spar retail network.

Also, in 2008, AVITECH has successfully launched www.AVmag.ro - the first online shop in Romania to offer professional equipment for audio-video and lighting.

For year 2009, the company estimates a turnover comparable with the one achieved in 2008.