The Arteria Capital Group net earnings reached PLN 3.4 million during the first half of 2011

09.09.2011

The strategy of the Arteria SA Management Board, announced last year, focusing on improvement of profitability and effective consolidation of own resources, gave the expected results already during the first half of 2011.  Thanks to these developments, the net profit attributed to the parent company grew by almost 50%.  During that period, the Arteria SA Capital Group recorded an increase of its operating profit by 39%, and growth of EBITDA from PLN 4.0 million to PLN 5.0 million (which means an increase by 24%). With revenues on a comparable level as during the previous periods, the own sales costs were significantly reduced (by PLN 4.8 million compared to the previous period), which is a proof of consequent implementation of the strict cost control program.  In the opinion of the Company’s Management Board, the new projects (including the MasterCard cooperation) shall allow the Arteria SA Capital Group to maintain its net profitability level during the subsequent quarters of 2011.

 

 

During the first half of 2011, the revenues of Arteria SA Capital Group reached the amount of PLN 52.1 million, which was slightly less (by PLN 0.4 million) than during the same period of the previous year. The reason for lower revenue dynamics was the withdrawal from margin-free trade in equipment, which resulted in a year-on-year reduction of the revenues on sales of products and materials by PLN 2.7 million.

 

The consolidated statements for the first half of 2011 show an improvement of the remaining financial indicators.  During that period operating profit grew from PLN 3.8 million to PLN 5.2 million – or 39%, and EBITDA from PLN 4.0 million to PLN 5.0 million, which was a 24% increase. As the result the net profit achieved by the parent company grows during that period from PLN 2.3 million to PLN 3.4 million, which translates into growth dynamics of 49%.

 

 

During the first half of 2011, the Management Board of Arteria SA implemented large-scale projects based on an integrated offer of flagship services, addressed to companies from many sectors. The company succeeded also to acquire several new customers, for whom services were performed using the resources of the Call Center, Active Sales and Sales Support divisions.  The Arteria SA Capital Group, as the company with the largest resources in the sales outsourcing and customer service sectors in Poland, was also involved in the development of new business lines whose launch would offer it new development opportunities.

 

 

The most important projects from that area included the establishment of a new entity - Arteria Document Solutions Sp. z o.o., which shall specialize in the management of documents circulation and outsourcing of the back-office documents circulation processes. The new company is currently negotiating its first large contracts which are soon to be executed. The market observes a growing demand from customers for services tied strictly to the management, processing and storage of documents. Shortly after the end of Q2 of 2011 the Arteria SA Capital Group signed a contract with MasterCard – the global leader of the e-payments sector.  Cooperation covers distribution of credit cards for banks served by MasterCard in Poland, Romania and Ukraine.  For Arteria, this contract is an opportunity to gain new business partners, both in Poland and abroad.  Cooperation with MasterCard, thanks to this client’s contacts and market position in Central and Eastern Europe, offers the Arteria SA Capital Group new development possibilities in the banking products’ distribution market.

 

 

Another significant event which could significantly strengthen the market position of Arteria SA Capital Group is the granting of a PLN 10 million subsidy for new companies’ incubation. The beneficiary of non-returnable subsidy is the Mazowiecki Inkubator Technologiczny (Mazovia Technology Incubator), a company in which Arteria SA holds a majority share.  Under this project, PLN 6.8 million from the European Regional Development Fund shall be invested over 30 months in 10 enterprises representing the sectors of technological solutions and IT, as well as sales support and customer service.