Brain Force Records Losses Again

Businessn.a. ♦ Published: February 16, 2012; 11:08 ♦ (Vindobona)

In spite of rising sales, the Austrian IT company registers slight losses. Brain Force justifies itself with the price pressure and sales activities.

Brain Force Records Losses Again / Picture: ©

Brain Force today announced a revenue growth of 16% for the first quarter 2011/12 (October 1 to December 31, 2011). The Group’s revenues in the first three months increased by € 2.76m to € 19.81m , whereby all regions reported a growth. The operating EBITDA amounted to € 0.30m compared to € 0.76m in the previous year, the operating EBIT decreased from € 0.21m to € -0.23m…