ComArch has reported winning the PLN 41.6m contract with the Ministry of Education for delivery and implementation of Internet access to 961 schools. The contract is to be delivered in 70 days. The contract also encompasses 36m of service.
Our view: the news should have a moderate positive trading impact. We believe that due to the maintenance part, the margins on the contract could be a bit higher than the usual weak ones, and thus oscillate around 5% on net level.