150% revenue increase and 250% profits before tax increase for the full year ended 31 December 2013 - 29/07/2014

Altanet S.A., the leading software development company of innovative software products for e-Business, e-Commerce,  Content Management and Digital Asset Management, announces preliminary results for the year ended 31 December 2013.

Financial highlights:

•      Revenues up 143% year-on-year to €1,8 million (2012: €0,74 million)
•      Profit Before Tax up 258% to €128,7 thousand (2012: €35,9 thousand)
•      Banking loans are all paid-off and down to 0 (2012: €19,6 thousand)  

Chris Nicolopoulos, Altanet’s CEO, commented on the results: 

“2013 was exciting and successful since it was the first year our company crossed over the €1 million revenues (we almost reached 2) and the €100 thousand profits thresholds. At the same time, we zeroed out our banking loans.

We installed even more Citron2CMS in Greece and abroad. We started a new project for the Ministry of Economics and Finance in order to track and cross-check millions of invoices to detect tax-evasion and redesigned a Laboratory Management Information System for a large private sector client. Basically, while others were stuck, because of the financial crisis, we kept “moving”and our numbers reflected it.

Although it will be hard to repeat the same results for 2014, the first signs are positive, with two public tenders coming our way and new clients in the private and the public sector agreeing to partner with us. As far as technology is concerned, the new Citron2CMS version (5.5) is being released in the 3rd quarter of 2014 after a massive overhaul and a facelift. We even gave www.altanet.gr a facelift by redesigning it to be a new, fresh and responsive website. We don’t just preach, we do!”

For further information, please contact:

Eva Gkalaitsi at +30 2310515555 or visit our company’s website at www.altanet.gr.

Note to Editors:

Altanet S.A. is a leading software development company of innovative software products for e-Business, e-Commerce,  Content Management and Digital Asset Management. Ever since its founding in 1998, Altanet’s main goal continues to be the development and the constant improvement of value added software products. As a result, Altanet’s flagship products, Citron2CMS, a commercial Content Management System engine with e-Commerce Extensions and Citron2DAM, a 100% web-based Digital Asset Management platform, count a large number of installations in a variety of private companies, cultural organizations and key government and public sector agencies. Altanet constantly invests in Research and Technology, using the combined knowledge and added experience that has obtained from completing a number of innovative IT projects, on a national and a european level. In order to achieve the best solutions for its customers, Altanet has firmly adapted agile project management methodologies for its IT project management.