Ekonomik annual results 2017.
Primarily results of 2017 of the ekonomik group, containing ekonomik accountants d.o.o. (EA, EAM and ESL), show promising figures.
As we stand for professional, accurate and passionate services, we delivered the main goals in line with our objectives in terms of revenues, YE customer base and overall customer satisfaction.
Revenues (in '000 euro) grew YoY by 52,7% from 353k in 2016 to 539k in 2017 of which EA showed the highest increase of +81% growth, EAM increased by +21% and ESL by +34%. While profitability remains modest and stable, we foresee a slight YoY increase of +1% from 22% to 23% gross margin as average in the 3 companies.
The main strategy for this year was market growth, invest in- and deliver further improvement of overall quality, processes and most of all deliver an unbeatable superior accounting service for an affordable and compelling pricing scheme.
Further more we are proud to have prepared our business extension on the coast and as well with numerous new business partners from outside of Montenegro. We strengthened our international exposure in various countries with special focus on the Italian, Turkish and Russian market.
We would like to thank our team for making these results possible through hard and dedicated work and we want to express our sincere gratitude for the trust our customers and partners have given us.
Thanks to the great results in 2017 we have created a solid base for achieving our goals for this year. In 2018 we keep course and will remain strongly investing in quality, efficiency and further market growth.
Jacco Landsmeer
Partner, Ekonomik Acountants d.o.o.