26 May 2006 – London (UK): Euroffice.co.uk reported a stunning financial year with sales growth of 60 per cent, compared to 35 per cent last year. Gross profit rose 65 per cent to £4.1 million ($5.3 million) from £2.5 million.
The company also appeared in the Sunday Times TechTrack100, a survey of the 100 fastest growing technology companies in the UK, for two consecutive years.
George Karibian, the company’s managing director and co-founder, said: "2005-2006 was a year of exceptional growth. The office products market remains relatively flat but there is significant opportunity being created by SME adoption of broadband and their changing buying behaviour with the internet. Given our position in the online space Euroffice is well poised to be at the forefront of an industry transformation."
