In the annual strategy evening held yesterday, it was announced that share issue will take place for all VALA employees within the year 2018. In addition, to that we will open a remote office in Southern Europe this year to provide a chance to work remotely with our customers projects from somewhere warm.
The development of VALA within the past five years has been astonishing. Our revenue has grown six-fold from 1MEUR to 5,8MEUR and profitability is one of the best ones in our comparison group 21% (2017). We want to be the happiest company in 2020 and while aiming to that goal we also need to ensure that our success is divided equally for all. For this reason VALA will establish share issue for all employees to take part in. In addition, an engagement program has been formulated until the year 2022, which includes annual share issue and other perks that will be decided together.
We at VALA are like an extended family of 70 people and for us it is more than important that everyone will genuinely feel like VALA is more than just an employer. And for this reason we found that offering the opportunity to own part of VALA was an essential step to take. We are so excited!