iAlbatros Group wins EUR 30 million contract for reservation system

Hotel booking management service iAlbatros SAS - an indirect subsidiary of the iAlbatros Group - has signed a contract with the Centre National de la Recherche Scientifique (CNRS) to provide solutions for electronic booking. The agreement is worth approx. EUR 30 million, the company said. "The agreement was concluded for a period of four years and is valid from 16 January 2017. The Issuer estimates that the turnover from the provision of services covered by the agreement will be approx. EUR 7.5 million a year. The overall turnover of the contract is estimated at approx. EUR 30 million," the statement stated. CNRS is the French state research institution. It employs 32,000 people. iAlbatros Capital Group (formerly SMT, and earlier ADV) implements strategy-oriented areas of IT. iAlbatros Group made its debut on the New Connect stock exchange in 2007, and since 2011 its shares have been listed on the main WSE.