iAlbatros sings letter of intent with Havas Voyages

SMT's subsidiary iAlbatros has signed a letter of intent with Havas Voyages for the use of its hotel booking for corporate customers technology. The estimated value of the bookings is expected to gradually  grow from €50 million to €150 million a year. "We have very ambitious plans regarding international expansion. Winning such a big client is a sign that we can sign similar contracts elsewhere," said Moncef Khanfir, CEO of the company. iAlbatros was established in 2010 and is expected generate revenues of PLN 695.1 million and profits of PLN 28 million by 2019. Capital group SMT has been listed on the WSE since 2011.