Tinubu Square, the trusted source of credit risk solutions for trade credit insurers and businesses, has followed its strong trading performance during 2013, with the announcement that it has achieved a 16.8% net profit margin during the first half of 2014. To maintain this momentum and further expand abroad, Tinubu has added to its management team with the promotion of Olivier Placca to the Board of Directors and the appointment of a new VP for the APAC region.
In line with the objectives set in 2013, Tinubu Square has achieved an EBITDA of 30.59% by end-June 2014.
This performance is largely due to a strategy that enables the company to adapt to market conditions in overseas markets, and has resulted in an increase in sales outside Europe of 38% to end-June exceeding, by far, the average across the software and IT services industry.
“Our international strategy has proven to be a winning formula. It has aimed to benefit from opportunities in growing markets and also to circumvent the rigidities and the reluctance of the French market. This excellent first half performance and the indications of further growth to come have prompted Tinubu Square to reinforce and expand its management structure. In this context, I want to build the management team which will help to support the company over the next ten years and will exploit the tremendous growth potential of this business model that has proven its profitability. “Said Jérôme Pezé, President of Tinubu Square.
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Olivier Placca joins the board to replace Pierre-Emmanuel Albert, who left as Managing Director in April 2013. At an international level, the newly created position of Vice President APAC is entrusted to Isabelle Lunven.