GL TRADE Experiences Transition In 2006

GL TRADE says 2006 was a transition year for the company. The group grew in its historical trading business due to double digit performances in Asia, the United States, the countries of Eastern Europe, and the stabilisation of its contract

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GL TRADE says 2006 was a transition year for the company.

The group grew in its historical trading business due to double-digit performances in Asia, the United States, the countries of Eastern Europe, and the stabilisation of its contract base in southern Europe, where it has significant market share.

GL TRADE also accelerated the development of middle and back office activities acquired since 2003, notably in the United States.

Two years ago the company inherited a distribution contract for the Fermat application, which they claim to have strongly developed.

GL TRADE says their acquisition strategy is firmly geared towards product integration and, since Fermat is not a group product, they sold the Fermat contract to their ex-partner in early 2007.

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