12/02/2010
OpusCapita 2009: Slight growth in turnover, considerable improvement in profitability
Software group Opus Capita's key financials for 2009 predict a
favourable development for this year. Turnover showed slight growth
and profitability picked up considerably from the previous year.
Turnover in 2009 totalled almost EUR 14 million and EBIT about 10
per cent. Net profit for the financial year almost tripled.
According to Opus Capita's CEO Kari J. Mäkelä,
the company performed relatively well in extremely challenging
economic conditions. This good performance was the result of the
entire personnel's hard work and new, cost-efficient operating
methods and fruitful partnerships.
"With respect to our future, I am particularly pleased by the
fact that we were able to improve our profitability despite the
many major reforms we implemented, alongside ordinary business
activities, in order to improve our services and operations. In
response to customer needs, we carried out a major organisational
overhaul, redefined our product offering and rearranged our service
operations."
Although the economic realities were equally bleak worldwide,
the company was able to grow its markets in Scandinavia. Similarly,
the partnership with the UK-based, globally operating IT2 Treasury
Solutions Ltd proved successful. During the year, sizeable product
development projects were launched, with the objective of
developing a browser feature for almost all OpusCapita
applications.
"Browser interfaces will revolutionise our offering in 2010, as
they allow us to offer an increasingly large number of OpusCapita
applications as a service," Mäkelä explains.
A large number of OpusCapita's customers are groups of companies
with international operations, and OpusCapita applications are used
in more than 50 countries.
"We have an extremely long track record in international
payments and cross-border monetary processes, and we work in
excellent co-operation with banks. Being a service provider
independent of banks, we can offer each customer the solution best
suited to its needs."
Profitable growth and business globalisation continue to be the
company's strategic objectives in the future.
In June, OpusCapita's customers Vaisala Plc and Ramirent Plc
were awarded in the Treasury Today Adam Smith Awards 2009. In the
autumn, the company itself was listed on Deloitte's EMEA Fast 500
growth companies list.
For further information, please contact
Tiina Härkönen, CMO, tel. + tel. +358 (0)50 384 3162,
tiina.harkonen(at)opuscapita.com
