Strategy and growth targets of Proha plc for 2000 and 2001
Proha Plc Stock Exchange Bulletin March 10, 2000 at 6.20 pm STRATEGY AND GROWTH TARGETS OF PROHA PLC FOR 2000 AND 2001 The Board of Directors of Proha Plc have decided to specify the business strategy of the company, to raise the targets of the growth strategy, to speed up the internationalisation, and to revise the business area division. In accordance to its strategy, Proha has grown rapidly. The growth of the company has exceeded the targets set a year ago, and the acquisitions carried out after December 1999 further strenghten Proha's product portfolio and position in the market. In 2000 and 2001, the Proha Group's net turnover is expected to increase on the avarage by over 200% a year, and the profit on the avarage by over 120% a year. The new business strategy is based on Prohas's main strenghts, and it directs resources to managing international growth. The business of the Proha Group focuses on Management Solutions for the Internet Age. The business is divided into three business areas: (1) Project Management (2) Financial Management (3) Internet Technologies The business strategy covers the whole management service chain from technology and business applications to consulting and outsourcing services in all three business areas. The companies of the Group will specialise in the following areas: Project management CM-Systems Ltd, DA Futura International Ltd, Planman Ltd ja Projektihallinto Ltd Proha, Financial Management Accountor Ltd, ProCountor International Ltd ja Tuloshallinto Ltd sekä Internet Technologies Ari Hovi Ltd, Brossco Systems Ltd, Datamar Ltd, Intellisoft Ltd ja Vidac Ltd. Proha Plc Board of Directors For more information please contact PROHA PLC CEO Pekka Pere, tel. +358 20 4362 000 pekka.pere@proha.fi http://www.proha.fi DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/10/20000310BIT00770/bit0001.doc http://www.bit.se/bitonline/2000/03/10/20000310BIT00770/bit0002.pdf