Pentalog achieves an organic growth of 60% in Q2

Pentalog accelerates the pace of its internal growth and reports a 60% increase in sales in Q2 2009 compared to Q2 2008. The sales figure over 6 months represents approximately 120% of the 2007 annual sales figure. This increase is due to the ramp up of operations with ST-Ericsson Wireless, Strator group Altadis, but also of our German customer LHS-Ericsson and Société Générale in Romania (BRD).Recruitment has been particularly active since the group’s number of employees increased by 60 from Jan 1 to May 1 and its staff now totals 350 persons. The office in Hanoi, on schedule as planned, began to produce in April. So far, it represents 2.5% of the group production but will continue to grow in the upcoming months. The group plans a small deceleration in the growth pace and foresees an increase in the range of 25-40% in Q3.