Onventis continues growth course

Onventis GmbH closes the 2018 financial year with a new record result: Once again, the e-procurement specialist from Stuttgart achieved significant revenue growth with an increase in operating profit. The goal for the future is clear: The growth path is to be continued through the further expansion of the Onventis Cloud Procurement Network and the internationalization of the business model.

Onventis has mastered the next level in its corporate development with another record year: The company has repeatedly reported revenue growth of around 30% and at the same time more than doubled its EBIT compared to the previous year.

 

2018 was another successful year for our company. We were able to achieve high double-digit growth and sustainably strengthen our profitability.

Frank Schmidt, managing partner of Onventis.

Onventis attributes the positive development to the clear focus at the all-in-one procurement network for the target group of the international SME sector, the innovative power as the leading cloud player and the rapid increase in personnel.

 

Read the entire press release here.