Eurofaktor has its sights set on achieving top-three position before 2008

The company's turnover in Q1 2005 amounted to zł.365 million which marks a growth of 28% in comparison with the same period in 2004. Sales revenues grew by 22% to zł.5.2 million and the company's net profit increased by as much as 55% and totalled zł.2.4 million. "Currently we have a 14.2% share of the factoring companies market, which gives us the fourth place after Pekao Faktoring, Handlowy-Heller and Polifactor," stated Eurofaktor's deputy president Mirosław Nowicki and added that the company's strategy assumes increasing its share of the market to 17-20% within 2-3 years. This year the company plans to post a net profit of zł.8.2 million and wants to pay out half of it in dividends. Nowicki also revealed that Eurofaktor intends to enter a market of small companies this year. (Puls Biznesu, p. 15; Parkiet, p. 5) E.B.