Consolidation at newly merged GTS Energis brings savings; acquisitions to come

Last year, the company spent zł.7.7 million on consolidation and has already restructured its employment and decreased the number of jobs by around 100. The consolidation should bring savings of zł.29 million in 2006. "Up to spring we will concentrate on integration and restructuring within the company. After that we will be ready for further acquisitions," declared GTS Energis deputy president Tomasz Galas. The company wants to generate zł.70 million of EBITDA and revenues in excess of zł.400 million this year. It also intends to spend zł.50 million on investments. GTS Energis plans to focus on investments connected with the expansion of its access network and product development based on IP technology. (Puls Biznesu, p. 10; Parkiet, p. 5) E.B.