Company CEO Márk Lazarovits explained,

“Our performance in the first quarter fell short of our expectations as a result of the unfavourable business environment brought about by the economic crisis. However, with the implementation of our strict and efficient cost management strategy, we successfully managed to compensate for the fact that our sales revenue was weaker than last year by cutting back on our operating costs.

Moreover, I consider it another important result that during this period we managed to conclude contracts that might lay the foundations for the long-term business success of our company. Without claim for completeness, I would like to mention a few, like the 3-year framework agreement with ELMÜ-ÉMÁSZ for structured network upgrades, and the agreement for the system- and network operation support of the SAP-based Economic and Financial System of the National Communications Authority (NHH).”

The Flash Report can be downloaded from Investor Relations' Flash Reports folder.

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