Financial data

Financial data

One of the features of the Group’s business model is that it generates stable cash flows from operating activities achieved thanks to the high profitability of its operations. At the same time, a relatively stable cost base together with revenue growth enables the Group to avail itself of the effects of scale and operating leverage. This way, increasing revenue translates into the increasing value of the cash flows generated by the Group. Low demand for both working capital and capital expenditure additionally contribute to the high level of cash flows generated by the Group.

Full year

2013

2014

 

2014
pro forma*

 

2015 2015
pro forma**
Cash Revenues (PLN'k)  36 252 172 944 216 449 285 998 329 617
EBITDA (PLN'k)  4 841 44 629 51 014 94 393 99 356
Adjusted EBITDA (PLN'k) 9 994 77 590 84 088 107 825 114 550
Adjusted EBITDA margin (%) 28% 45% 39% 38% 35%
PBT 1 871 6 655 -283 15 400 12 263
Adjusted PBT 6 970 45 270 38 445 63 485 62 110
Net profit 1 648 4 149 - 2 031 5 686 2 931

 

Quarterly

1Q2015

pro forma**

 2Q2015

pro forma**

 

3Q2015

pro forma**

 

4Q2015

pro forma**

1Q2016

reported

Cash Revenues (PLN'k) 70 672 80 755 82 897 95 293 79 860
EBITDA (PLN'k) 19 768 24 494 24 349 30 757 24 396
Adjusted EBITDA (PLN'k) 23 532 28 494 28 078 34 459 25 857
Adjusted EBITDA margin (%) 33% 35% 34% 36% 32%
PBT -556 11 747 155 929 10 560

Adjusted PBT

9 786 15 711 15 430 21 196 12 021
Net profit -881 8 494 -2 799 -1 871 8 185

 

(*) The pro forma financial information for the year 2014 includes:
1. The financial results of the Capital Group as published in the consolidated financial statement for the year 2014;
2. The financial results of WP Shopping sp. z o.o. (former Wirtualna Polska SA) for the period between 1 January and 13 February 2014;
3. The financial results of Domodi for the period between 1 January and 12 September 2014;
4. The financial results of Money Group for the period between 1 January and 31 December 2014;
5. Adjustments to amortisation, financial cost and income tax.

The unaudited pro forma consolidated financial information presents the hypothetical financial results of the Group as if the acquisitions of Wirtualna Polska SA, shares in Domodi Sp. z o.o. and the Money.pl Group were concluded as at the beginning of the period presented, i.e. on 1 January 2014. The unaudited pro forma financial information has been prepared for illustrative purposes only. By nature, this information presents a hypothetical situation, and therefore it does not reflect the actual results and financial position of the Group for the period presented.

(**) The pro forma financial information for the year 2015 includes:
1. The financial results of the Capital Group as published in the consolidated financial statement for the year 2015;
2. The financial results of the Enovatis SA for the twelve months of the year 2015 (pre audit);
3. The financial results of NextWeb Media sp. z o.o. and Blomedia Sp. z o.o. for the period between 1 January and 3 June, 2015 (unaudited);
4. The financial results of Finansowysupermarket.pl Sp. z o.o. and Web Broker Sp. z o.o. for the period between 1 January and 16 September 2015 (unaudited);
5. The financial results of Allani Sp. z o.o. for the period between 1 January and 6 October 2015 (unaudited);
6.Adjustments to amortisation, financial cost and income tax.

The pro forma consolidated financial information for the year 2015 was prepared in order to facilitate the analysis of the Group’s dynamics in the future periods. The unaudited pro forma financial information for the year 2015, presents the Group’s hypothetical financial results as if the purchase of the shares in Enovatis SA, NextWeb Media Sp. z o.o., Blomedia Sp. z o.o., Finansowysupermarket.pl Sp. z o.o., Web Broker Sp. z o.o., and Allani Sp. z o.o. had been finalised on 1 January 2015. The financial information presented in that not was not subject to independent auditor’s review. The unaudited pro forma financial information has been prepared for illustrative purposes only. By nature, this information presents a hypothetical situation, and therefore it does not reflect the actual results and financial position of the Group for the period presented.

Timetable

WIRTUALNA POLSKA HOLDING S.A.

ul. Jutrzenki 137 A
02-231 Warszawa
tel.: +48 22 57 63 900
fax: +48 22 57 63 901

REGON: 016366823
NIP: 5213111513