The 2011 financial statements were approved by the Shareholders' Meeting held on 25 May. The Company's performance and economic results for the year confirm the positive trend seen in the last few years, reflecting, thanks to the commitment of its personnel, the Company's ability to achieve targets which are increasingly challenging and strategic for the country.
Among the figures in the financial statements are the net profit of 26.5 million euro and the production value of 377.5 million euro which is approximately 3.1% more than the previous year. As the Company operates within a contractual framework that sees year-on-year reductions in client costs, the increase in production volumes is even more significant and is evidence of Sogei's commitment to meet the production needs of its institutional clients reaching, for the first time, 91% of the total contractual maximum available.
It is particularly worth noting that the results for the year and the ability to respond effectively to growing demand for ICT services from the Administration's organisational structures, were achieved by increased productivity of internal resources, with less recourse to outsourcing.