Press release │ Warsaw, November 12th, 2013
Best quarterly performance in the history of the Atende Group!
In Q3, the Atende Group greatly improved its financial performance, both YoY and compared to the previous quarter.Hence, the net profit cumulative is now, after 9 months of 2013, higher than in the entire 2012.
The Atende Group achieved in Q3 of 2013 its new net profit high (PLN 4,631,000, increase by 649% YoY), EBITDA (PLN 7,581,000, increase by 257% YoY) and the percentage margin on gross profit on sales (calculated as the ratio of gross profit on sales to profit on sales), which was 29%.
Owing to its very good consolidated performance achieved in Q3 of 2013, the main financial items for 9 months of 2013 are much higher than in the same period of 2012. Year over year, revenues increased by 13% to PLN 144,793,000, EBITDA by 76% to PLN 12,572,000 and net profit by 243% to PLN 5,941,000. This comes mainly from a high increase of sales (by 242% YoY) for public sector clients.
“The financial performance of the Atende Group since the beginning of 2013 makes us very happy.It also confirms that our actions undertaken since the beginning of 2012 were reasonable.Moreover, I believe the market is starting to notice the high potential of our company – since the beginning of 2013, our share price has increased by approx. 100%, and recently the liquidity of Atende shares at the stock exchange has increased considerably,” says Roman Szwed, President of Atende S.A. Management Board.
It is worth noting that the Atende Group generated high, positive net cash flows in 9 months of 2013. They amounted to PLN 6,339,000, which is a considerable improvement over the comparable period in 2012, when they were negative and stood at (PLN 12,767,000). This improvement results from the increase in net operating cash flows which generated PLN 17,415,000 cumulatively in three quarters of 2013.
In Q3, Atende Software (subsidiary of Atende S.A.) acquired 25% shares in Phoenix Systems. The Atende Group aims to hold 51% shares in that company.Phoenix Systems writes software for embedded systems, in particular those used in electric power metering. The acquisition is a part of the Issuer’s strategy by 2015, whereby it intends to stimulate its growth in the area of software and innovation.
Atende S.A.
Atende S.A. (formerly known as “ATMSystemy Informatyczne S.A.”) is one of Poland’s largest system integrators with over 20 years of experience. The Company debuted on the Warsaw Stock Exchange on May 28th, 2012. It forms a capital group together with its subsidiaries (Atende Software Sp. z o.o., Phoenix Systems Sp. z o.o., Sputnik Software Sp. z o.o. and Impulsy Sp. z o.o.). Atende specialises in four main domains: ICT system integration (networks, computing systems, security), technical infrastructure integration (data centre equipment, guaranteed power supply, smart buildings),
IT outsourcing and services based on technological platforms offered in cloud computing. Through its subsidiaries, Atende Capital Group specialises in innovative software for multimedia projects, Smart Grid and cybersecurity (Atende Software), its own real time operating system for embedded systems (Phoenix Systems), software for managing local and central government units (Sputnik Software) and in IT solutions for the healthcare sector (Impulsy). For more information, visit:
Contact person for the Media:
Katarzyna Krystkiewicz
Atende S.A.
e-mail:
tel.: 605960061