Board of Directors of Neurosoft SA approves 2011 Financial Results part 2/3
April 04 2012 - 8:15AM
Italian Regulatory (Text)
Outlook The Board of Directors has decided, to consistently
continue its radical revised business plan which has proven to be
efficient and will further restore profitability in the coming
years. In particular the outlook per business area is as follows:
in "Business intelligence area", although the economic crisis has
postponed, annulled or reduced significantly planned projects,
Neurosoft managed to hold its revenues there and is predicted to
increase in 2012. In the last two years, the global economic
environment has negatively impacted demand for high-end products
and services to sports betting operators where most of orders have
been postponed. In 2011, there are positive results from R&D
efforts which start slowly to register in sales. Neurosoft expects
to expand its global business in 2012. In "Factoring area"
Neurosoft having maintained its dominant position in the Greek
market and continues to be aggressively engaged in international
outreach activities aiming to establish itself as a regional
player. in "Telecoms area" Neurosoft despite the slowdown in the
domestic telecom market retained the turnover with positive EBITDA.
The infrastructure installation business unit contributed further
to the growth of the company undertaking projects in Greece and
Italy.
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Auditors' opinion In our opinion, the accompanying financial
statements present fairly, in all material respects, the financial
position of the Group and its subsidiaries as at December 31, 2011,
and of its financial performance and cash flows for the year then
ended in accordance with International Financial Reporting
Standards as adopted by the European Union.
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Neurosoft is a leading business software provider supplying
solutions that optimize business and operational processes with a
view to maximize customer profitability. Neurosoft's innovative
integrated software systems in factoring, sports betting, business
intelligence, liability management, transactional systems, and the
implementation of mission critical applications have provided tools
to financial institutions, stock exchanges, telecom companies and
sports betting operators to increase operating efficiencies, act on
well-depicted real-time risk and liability analysis, and increase
revenues and bottom line capitalizing on sophisticated predictive
analytics. Neurosoft was founded in 1994 and became the first
company to be floated in the AIM Italia market of the Milan Stock
Exchange in May 2009. Based in Athens, Neurosoft has a
multinational presence in Romania, Albania, Serbia, Bulgaria and
Cyprus.
On behalf of Neurosoft SA Alexandra Andriopoulou
a.andriopoulou@neurosoft.gr
Nominated Adviser Integrae Sim SpA Luca DiLiddo
luca.diliddo@integrae.it Luigi Giannotta
luigi.giannotta@neurosoft.it
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