Critical
About Critical
Corporate Responsibility
Annual Reports
- Annual Report 2008 961kb
- Annual Report 2007 953kb
- Annual Report 2006 1.2mb
- Annual Report 2005 953kb
CEO Message
For more information about this topic, please download the following document
CEO message 78 kb
Financial
Critical Software’s growth has been continuous and sustained over the years and the company has managed to keep on boosting its profitability ratios.
Despite the economic downturn of 2008, the financial performance of Critical Software S.A. kept positive. The 21% growth in operational income means roughly an EUR 3M year on year increase in turnover vis-à-vis 2007.
Considering all the companies part of the Critical group, the operational income reached a total of EUR 19M, an increase of approximately 33% when compared to the consolidated figures of year 2007.
Concerning turnover, the major contributions came from the subsidiary of Critical Software in the United Kingdom and from Critical Links.
For 2009, Critical Software is optimistic in maintaining a good growth capacity. We expect to reach similar levels of profitability, while keeping the foreign market as our main source of business.
MESSAGE FROM THE CEO
Going back one decade, the founding partners of Critical shared a dream and a lot of uncertainty. Since those early days a lot has happened. Our corporate culture is still nurtured around the original set of values: Global Vision, Quality, R&D, Reinvestment and Growth, People and Community. We have managed to keep these values as an important part of our DNA, and they have guided us through our unique and challenging journey. read more
So, it is with pride that we see Critical being referred to in 2008 as "an exceptional example of converting knowledge into economic value, in extremely competitive global markets". In fact, our growth has been achieved as the result of converting the results of the effort in R&D into new products, new skills and solutions.
As for the activity of the company in the year 2008, we highlight the investment carried out for the construction of a second building in Coimbra, as a way of accompanying the growth that the company has been showing. We would also like to underline the setup of the Project Management Directorate, a new division laid out on the best practices of the Project Management Body of Knowledge.
Looking at the future, the plan continues with the creation of new subsidiaries in new geographies. This follows on the opening of an operation in Romania, to be used as a platform for approaching the markets in Eastern Europe.
At the same time, we will continue to invest on spinning off new divisions and launching new companies focused in products or special market offers. This goes in line with fuel business growth and value creation. In 2008 we had the examples of Critical Materials and Critical Health. The first one being a supplier of products able to perform maintenance diagnostics and prognostics in aircrafts in order to extend their operating lifetime, maximise the hours of flight and reducing maintenance costs. Critical Health is specialized in the development of solutions for the diagnostics and treatment of eye related diseases, trying to improve people's quality of life and reduce the costs of the rendering of services of healthcare.
