Techmex looks at changing profile in order to secure good ratings

Bielsko Biala-based IT company Techmex, forecasts that its 2003 revenues will increase by 25%, while its profit margin will rise by 40% as the company will focus on services and partially quit distribution. As a result, revenues from the latter are likely to drop under 50% of the total turnover this year. In 2002 Techmex's consolidated revenues reached zl. 530 million with a net profit close to zl. 3 million. If the plans to change activity turn out to be fruitful, then analysts will look at the company from a different perspective. "An integrator makes a much higher margin than a distributor, so there is little chance for the company to improve its rating without changing it field of activity," said CDM Pekao analyst Sobieslaw Pajak. (Puls Biznesu, pp. 1, 7) M.M.