Press Release
Roadmap for Growth II: Maconomy goes for European leadership
- Maconomy goes for European ERP leadership in the PSO market
- Total revenue goal of €100m and an EBITDA margin of 15% in 2011
- Acqusitions will be considered to accelerate growth
With almost two-thirds of its 2006-2008 growth plan successfully completed, Maconomy has built a solid platform for future growth in the market for ERP to Professional Services Organisations (PSO). Maconomy has gained market share in seven consecutive quarters, leading to a strong position in North Western Europe. Maconomy aims in 2009-2011 to further expand its presence in Europe in terms of product, service and distribution capability, both organically and through acquisitions. Maconomy goes after European ERP leadership in the PSO market where industry analysts expect double-digit growth rates. Maconomy expects annual growth rates above 30% in 2009-2011.
Core elements of the growth plan: additional segments, additional markets and new revenue sources
Maconomy will continue to deliver strong organic growth in the existing geographies and segments. On top of this, Maconomy will use the expertise it has gained in supporting PSO's to:
1. Expand into adjacent Professional Services Industries such as legal, engineering and design.
2. Establish presence in two additional large European geographies. The US base remains important in order to be seen as a feasible partner to larger internationally focused European companies.
3. Develop new revenue sources by selling complementary stand-alone products to the installed customer base and target segments. The first example of this strategy was launched in October (Maconomy People Planner).
"We have spent the last two and a half years on building an organisation capable of delivering high growth. In 2008 we will complete our current strategic plan Roadmap for Growth, solidifying our return to profitability and preparing to ramp up our activities in Europe by adding new products and services. In this process we will also consider acquisitions in order to speed up our time to market.
I believe that Maconomy is uniquely positioned to take leadership in this highly attractive market and I look forward to elaborating on our plans at the release of our Annual Report 2007 in March 2008," says CEO Hugo Dorph.
Further information:
Hugo Dorph, CEO
+ 45 35 27 24 24
hdo@maconomy.com