Comp Rzeszów continues to shape up via acquisitions and sell-offs

By the end of the year the firm will take over two more companies and at the same time it plans to dispose of Radcomp, which is not fitting into its strategy. The planned budget for acquisitions amounts to zł.30-40 million. "We have over zł.20 million from the recent IPO, while the remainder can be obtained from a loan. Our firm is underleveraged and thus we would have no problems in obtaining a loan," said Comp president Jacek Papaj. The company expects revenues of zł.95 million and a profit of zł.10 million in 2005. After the first half of the year the figures stand at 36% and 51% of the planned target respectively. "Our sales are affected by the seasons. The best period is the final quarter," said Papaj. Clients of the firm mainly originate from the public sector. "Prior to the elections there is an increasing value of orders from these companies," said Papaj. (Parkiet, p. 6) M.M.