i-Faber: revenues, profits and dividends on strong rise.
Y2009 Financial Statements of i-Faber, ranking among the world’s leading e-procurement industry players, confirm the growth trend of this company controlled by UniCredit;
Also first y2010 quarter above expectations.
i-Faber – UniCredit group company boasting among its shareholders also Erg, Impregilo and Oracle and ranking among the global leading providers of e-procurement services and solutions -– registered an EBIT of 4 million euros in 2009, +30% with respect to 2008 against a volume of managed transactions of 9.2 thousand million euros, on the increase too with respect to 2008 (+20.4%). Also the share of allocated dividends proved 25% higher with respect to FY2008. 22,400 negotiations were carried out in 2009, on the increase by 20.4% with respect to 2008 (18,400) and by 54.4% with respect to 2007. 2009 registered more than 50 new purchasing companies and over 2,200 new suppliers (scoring an overall total of over 20,200 suppliers). “The closing results of y2009 along with the good trend of the first y2010 quarter (+4% against the budget) confirm the value and the efficacy of the services we provide in over 20 countries worldwide", declared Mr. Paolo Chiaverini, i-Faber’s CEO. “Undoubtedly, the distinctive element of our company’s success is the doubling of the business relating to the Public Administration. The strong growth of the number of public organisations and administrations that decided to trust i-Faber’s services demonstrates the importance of e-procurement, especially at this time of global crisis. In addition, i-Faber lately took over Itradeplace (Itp), a company based in Brescia that since 2001 has been devising and developing technological procurement solutions and services through e-sourcing platforms and services.” The computerisation of the purchasing processes allows companies and suppliers to make such processes more flexible, dynamic and most of all capable of seizing the evolutions and changeable opportunities offered by the market. Trusting a telematic platform allows investing in the combination of the market prospects of all of its client companies rather than those of a single company. That is how the risk can be mitigated, especially in times of crisis. By choosing on-line purchasing over traditional channels, companies achieve savings (-12% on an average), negotiation time abatement (up to 80%), suppliers base broadening (around +30%), considerable savings on every order issued (50 to 80 euros), higher negotiation transparency towards suppliers and internal customers and, in general, a significant optimisation of the production processes, from purchasing to monitoring and spend analysis.
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