ETRONIKA – the fastest growing company in Lithuania and among top three in Baltics

June 5, 2012

ETRONIKA – the fastest growing ICT company in Lithuania and among top three in Baltics in terms of added value in 2011. The average value added per employee has moved upward from 25,1 to 29,8 thousand EUR per employee (19% change).

Such information was announced by investment banking company “Prime Investment” in its semi-annual review of recent corporate developments in the sector of information technology and telecommunications in the Baltic States, “Baltic ICT Market News”.

Added value is computed by summing EBITDA and personnel cost of all company activities including ICT services as well as software, hardware sales and other activities. The sum divided by the average number of employees results in added value per employee indicator.

Prime Investment is one of the most experienced investment banking boutiques in Lithuania with a proven track record in structuring and undertaking complex and innovative M&A transactions, raising capital and assisting leading companies in making their strategic decisions.