Correction- I have "factory spec". When I had just a chip and fried injector o-rings I dynoed 115. Since then I did:

TT 4-1 header (eliminates cat)
TT cat back (2.25")
Euro intake cam
Euro 50mm intake manifold
1.8L head (better intake flow, with a marginally decreased exhaust flow[supposedly good for 10 hp])

So yes, I was expecting quite a bit more