“While the online advertising segment registered a 60 percent growth rate in 2008, this will drop to 30 percent next year, and this trend will also be registered on the online recruitment market,” said Fusu.
Neogen is revising its 2009 business estimate downward, to €4.5 million from €5 mln. “The most affected segment will probably be the BestJobs site if companies decide to recruit fewer employees,” Fusu added.
The company budgeted some €3 mln for investments in 2009, €2 mln for new product development, and €1 mln for marketing. “What do we do to protect ourselves from the effects of the crisis? Sell more and spend less,” said Fusu.
