Warsaw, Poland--September 26, 1996--German computer giant Siemens-Nixdorf Informationssysteme AG aims to boost its sales in Poland five fold to more than 100 million marks in 2000 to capture a five-percent market share, president Gerhard Schulmeyer said on Thursday.
Schulmeyer told a news conference the company, part of Germany's second-largest industrial group Siemens AG, has doubled its Polish sales to 20 million marks in the fiscal year to September 30.
But he said the company, which had 240 million marks in sales in Central Europe in 1995/1996 and recorded 340 million marks in new orders and reached a break-even point still had a lot of catching up to do as a result of their late entry into the region.
Schulmeyer said Siemens-Nixdorf, which had just a one percent share of the Polish market last year, had to expand faster than the overall market's growth rate of more than 20 percent, to achieve its 2000 target of five percent market share and more than 100 million marks in sales.
He did not specify the company's targets for other countries of the area but said the focus for its development would be on Poland, Russia, the Czech Republic, and Hungary.
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