Zagreb Tech Company Secures 370 Million Kuna Contract

Lauren Simmonds

As Poslovni Dnevnik/Darko Bicak writes on the 5th of November, 2020, the Zagreb tech company Ericsson Nikola Tesla (ENT), part of the Swedish Ericsson Group, has contracted a contract worth almost HRK 370 million to introduce eHealth in Belarus, which has thus become the fourth country in which ENT is digitising healthcare.

According to the aforementioned Zagreb tech company, the job is related to the implementation of the Central Software Platform for the Centralised e-Health System of the Republic of Belarus. The estimated duration of the platform implementation project is 2.5 years, and the contract also covers a three-year warranty period. Ericsson NT explained that the contract is the result of a two-stage tender within the World Bank project P156778 “Belarus Health System Modernisation Project”, which is financed by a loan from the International Bank for Reconstruction and Development.

The signatory of the contract is the Republic Scientific and Practical Centre for Medical Technologies, Informatisation, Administration and Health Management, which is an agency of the Ministry of Health of the Republic of Belarus. Gordana Kovacevic, President of the Management Board of ENT, pointed out that she is proud of such a significant contract concluded in the field of eHealth, which is an additional confirmation of the Zagreb tech company’s significant references in this area, here in Croatia and abroad.

”The fact that the World Bank has recognised us as a quality partner shows that our focused strategy in this area and our company’s long-term investment in creating a strong team of experts in the required domain of knowledge brings new success. In this project, we’re going to pay special attention to risk management given its complexity and specificity of the situation,” said Kovacevic.

The Zagreb tech company also went on to explain that this contract continues a series of successes in the field of eHealth based on the company’s long-term investment in creating a quality portfolio and an excellent team of experts who possess all of the necessary knowledge in this particular area.

”Back in 2007, our first success was achieved, the integrated information system of primary healthcare in Croatia (CEZIH) was put into operation, to which the company has continuously added new functionalities over the years. At the beginning of October this year, a new three-year agreement was signed on the support, maintenance and upgrade of the programme base of the central part of the integrated Central Health Information System of Croatia. We also have references related to eHealth outside of Croatia – in the last six years, the company has implemented similar projects in Armenia and Kazakhstan,” they stated from the company.

Last week, this Zagreb tech company announced its financial results for the first nine months of an otherwise troublesome 2020, according to which their net profit amounted to HRK 67.2 million, which is 16.8 percent less than in the same period last year. ENT’s sales revenues in the first nine months of this year amounted to HRK 1.44 billion, which is 15.2 percent more than in the same period last year. In terms of total sales revenue, the share of the Croatian market stands at 46 percent, services for Ericsson stand at 44 percent and other export markets stand at ten percent. Gross profit amounts to HRK 124.5 million, which is 1.2 percent less when compared to the same period last year, and profit before tax is lower by 19.7 percent, amounting to HRK 75.1 million. The financial report states, among other things, that this Zagreb tech company company has a solid balance sheet with total assets at the end of September of HRK 1.12 billion, which is 17.7 percent higher than back at the end of 2019.

Gordana Kovacevic estimated that despite the difficult business conditions due to the ongoing situation with the coronavirus pandemic, as well as significant political instabilities in some of their export markets, more specifically the conflict between Armenia and Azerbaijan, during the first nine months of 2020, the company achieved solid business results.

When refering to the 12.5 percent growth in sales revenue when compared to the same period last year, she stated that this is primarily the result of taking full responsibility for the delivery of services for the construction and maintenance of telecommunications infrastructure of Hrvatski Telekom/Croatian Telecom (HT/CT) and activities aimed at introducing 5G standards within that network, which were otherwise put it into trial this week.

This Zagreb tech company expects a lot from the beginning of the commercial introduction of 5G here in Croatia during the first half of 2021, after HAKOM announces the conditions and allocates the radio frequency spectrum.

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