ANNUAL REPORT - Raiffeisen Informatik

I.2. REPORT OF THE MANAGEMENT BOARDMANAGEMENT BOARD OF RAIFFEISEN INFORMATIKMAG. WILFRIED PRUSCHAKWilfried Pruschak is a member of the Management Boardof Raiffeisen Informatik and responsible for the entire IT marketactivities of Raiffeisen Informatik and its subsidiaries and ITinfrastructure operations. Furthermore, Wilfried Pruschak is theChairman of the Supervisory Board of the 100% subsidiaryComparex AG and managing director of Raiffeisen InformatikConsulting.PrefaceGroup ProfileCorporate Bodies / ShareholdersDear Readers, Dear Ladies and Gentlemen,Austria’s economy was marked by crisis summits, emergencyplans and austerity programmes in 2012. Thedevelopment of the IT market was rather sluggish thisyear due to the weak economic climate. The reducedpropensity to invest of the financial and public sectors aswell as the massive shortfall in skilled workers weighedon the IT sector and the growth rate was only 1.76%.Analysts revised their projections several times – as inprevious years – but raised them again for the first timein the last quarter of 2012.The IT market is expected to grow again in 2013. Whilethe estimates for economic growth in Austria were around1% (WKO forecast), the IT industry stands to grow byaround 3% according to the IDC study. The IT sector istherefore a key driver of economic growth. It not onlyhelps to stabilize the economy, but also creates impulsesfor the labour market.The predominant theme for Raiffeisen Informatik in 2012was to achieve sustainable growth and improve efficiency.Bearing these goals in mind, our work was alwaysfocused on streamlining our business through scalable,efficient and standardized services to exploit synergyeffects for us and our customers.Based on the constructive basis for collaboration withinthe Raiffeisen Banking Group, Raiffeisen Informatik tookadvantage of the opportunities of the market and inthe Group’s environment to achieve further growth. Thisstrategy was crowned by success. With consolidatedsales revenues of EUR 1.6 billion and growth of around11%, Raiffeisen Informatik once again reported excellentresults. The profit on ordinary business activity (EBIT)was EUR 22.6 million. The success in the software business(+24.3%) contributed enormously to this achievement.The magazine Computerwelt designated us the uncontestedNumber One IT company in the Austrian IT sectorfar ahead of competitors such as HP, IBM or ACP ITHolding in 2012. This position makes us proud and alsospurs our ambition to attain the 2013 targets again.The positive development of business and the successfultakeover of the Comparex group have made RaiffeisenInformatik Austria’s largest IT company with operationsthroughout Europe. The Group has over 100 subsidiariesin more than 30 countries and is strategically excellentlypositioned. The focus on Western and Eastern Europemakes it easier for the company to balance out crisesMAG. FRIEDERIKE PETZNEK-STADLBAUERFriederike Petznek-Stadlbauer is a member of the ManagementBoard of Raiffeisen Informatik and responsible for the equityinvestments of the Raiffeisen Informatik Group and for the areasFinance, Controlling and Internal Services. Moreover,Mrs. Petznek-Stadlbauer is Vice Chairwoman at the subsidiaryComparex AG.MAG. HARTMUT MÜLLERHartmut Müller is a member of the Management Board ofRaiffeisen Informatik and responsible for the businessareas Raiffeisen banks and financial institutions & specialinstitutions as well as for the outsourcing project RaiffeisenBank International. Furthermore, Mr. Müller is responsiblefor support and applications, and responsible for the ITharmonization project “Eine IT für Raiffeisen Österreich”.Financial Statements Certifications and Awards Risk Management CSR Group Management Report10 11