March 01, 2004 - Trade2B realised more than 80% growth in turnover and significantly increased its profit
The figures for the year 2003 clearly confirm the chosen direction of Trade2B as an independent specialist for Sourcing-solutions.
Trade2B reports that turnover for the year 2003 were clearly surpassed the originally budgeted growth of 80%. Further more, company profit rose by far more than the rate that had been expected. The yield on turnover was more than 10%. Trade2B has been profitable for more than 6 quarters now. This fact on its own is (nearly) a unique characteristic in a branch that experienced, and still experiences, continuous financing challenges.
As a result of this organic growth, Trade2B, which today has more than 75 employees, is one of the largest providers (by turnover, profit, employees, number of customers etc.) of European origins in Sourcing.
Wolfe W. Diener, one of the founders of Trade2B and member of the board of directors comments: “For the year 2004 we are planning and anticipating an increase of 70% in turnover and profit. The branch is going to consolidate even further and we too will make a contribution – if necessary through acquisitions. We are constantly monitoring the market regarding new chances – one can be curious about the future.”
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