Teta expects zł.5-7 million from Q4 share issue, plans new products

In the first of the two segments, the firm is a leader among providers of these applications for medium-sized enterprises, while in the second it holds 25% of the whole market and thus also ranks first. A capital injection will allow the firm to finance works on four new solutions, such as for the servicing of retail trade, which will expand and supplement the existing product offer. This should significantly contribute to boosting sales. Forecasted sales in 2006 should increase from zł.33 million in 2004 to zł.42 million in 2006, but "that does not take into account new products," said Wojciech Dobrowolski, deputy president of Teta. The firm plans to boost operational profitability to 20% over the next three years from 12% recorded in 2004, which would also be one of the highest ratios in the whole sector. (Parkiet, p. 6) M.M.