Elzab’s revenue grows in Poland and abroad

Cash register producer Elzab is faring better than expected this year, Parkiet reports. The company’s revenue in H1 2014 jumped up by 84 percent year-on-year to PLN 104.2 million, with as much as 59.4 percent attributed to exports. Several months ago the company was counting on gaining a 20 percent share in the Hungarian market. At the end of June 2014 the market share had climbed to 40 percent. Growth in Hungary was largely due to legal changes regarding cash registers. A similar situation may be the case in other European markets and in Poland, where the Finance Ministry has further extended the list of professions require to use registers. “We want to become the leader of the fiscal register market not only in Poland, but also throughout Europe,” Elzab’s CEO Krzysztof Urbanowicz told Parkiet.