Softec achieved consolidated sales (EUR 30.5 million). It grew in all segments, in Slovakia (20%), the Czech Republic (18%), but largely abroad (39%).

08. March 2021

Bratislava / Prague, March 3, 2021 – Today, the Softec Group announced preliminary results for last year, in which, despite the pandemic, it achieved the highest consolidated sales in history of EUR 30.5 million, which is 24% more than in the previous year. These increased by 20% in Slovakia and by 18% in the Czech Republic. However, the Group recorded an even greater increase for the customers abroad (excluding the Slovak and the Czech Republics) – by 39%. The success is mainly due to the projects in the financial sector related to the impact of the pandemic, i.e. focused on the transition of companies to online and digitalization of services.

All segments in which the group operates, i.e. from telecommunications, through the financial sector, to public administration, or the sale of products and services through brokerage networks, contributed to the overall growth to a similar extent. Abroad, sales were driven by cooperation with the VIG Group with a reach in seven countries. In the Czech Republic, on the other hand, these were projects for Raiffeisenbank, Generali Česká pojišťovna or ČSOB Stavební spořitelna.

Peter Morávek, Executive Director of the Softec Group:  Last year, although extremely demanding for us as humans, brought us very positive figures. Due to the pandemic, the demand in the markets for digital transformation solutions has increased even more than in previous years. We have also seen great interest in our new digital onboarding services (note: acquisition of a new customer online without having to go to a branch), which are provided as services in cloud environment with a very fast implementation into customer processes.”

Figure 1 Group sales development in last five years (in EUR)

2016 2017 2018 2019 2020
20 552 163 21 106 115 20 210 809 24 562 566 30 541 182

 

The figure above shows that the Group’s consolidated sales have been growing in the long term, especially in the last three years. At the end of last year, the company, which has been on the market for 30 years, had a total of 390 employees and operated physically in four cities: Prague, Bratislava, Žilina and Prievidza.

Helping our customers with digital transformation remains our priority for the next period, including more intensive use of cloud services and opening the systems for building new products and services with partners, as well as applying our experience and solutions to segments and individual markets, “ adds Morávek.

Today, the Group’s solutions and services are used by clients in ten countries in Central and Eastern Europe. The most important are the VIG, Raiffeisen, Generali, KBC and Orange groups.

Contact for the media:

Pavel Šafránek
PR
 Consultant
mobil SK: +421 944 372 468
mobil CZ: +420 606 721 872
e-mail: pavel.safranek@softec.sk
e-mail: ps@pavelsafranek.cz