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April 11, 2007
Poland's Apple To IPO in Warsaw
NTT System, a Polish company that has built a profitable business manufacturing PCs, servers, and hardware under its own brands is going public in Warsaw on the back of sales last year of 527M PLN (€137.49M) and generating €2.1M in net profit.
It hopes to increase profitability by 80 percent this year on revenues of €175M. It aims to raise just €12.5M (if we read Interfax correctly) to double production in its factories.
Who would have thought making PCs in Europe could be a profitable venture? It currently sells about 170k units of its Corrino brand gear in shops in Europe, such as Media Markt (DE), Carrefour (FR) and Tesco (UK) and in its own domestic market, according to Google Finance.
A Gamer's Dream Machine
Polish iPod
Posted on April 11, 2007 05:02 AM | Posted to News And Updates | Permalink
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