R.H.S. Company: Investments in IT were lower this year
According to company representatives, the initial growth target was 50%, but harsh lending conditions and the international financial crisis have influenced results. During a crisis, everyone invests less, and investments in IT were lower this year.
There was definitely a significant drop, due to what happened internationally, General Manager Dragos Popescu told Business Standard.
Asus generates the most sales for R.H.S. Company (34% of turnover). "We estimate we will meet the €101.7 million target by the end of the year, since September is the beginning of the most important time of the year, with the highest impact on sales," said Popescu.