Press releases

19.11
2019

Growing revenues and record-high EBITDA. Wirtualna Polska after 3 quarters of 2019

Wirtualna Polska Holding’s total sales revenue after 3 quarters of 2019 increased by nearly one third to PLN 519 million. EBITDA in the online segment for the last 12 months exceeded PLN 200 million, which is the highest result in the company’s history. Wirtualna Polska has increased its investments in the automotive area. It acquired AutoCentrum.pl and is launching the new version of the superauto.pl site.

The total sales revenue of Wirtualna Polska Holding S.A. in the online and TV segments increased year-on-year by nearly 32%, reaching PLN 519 million. Operating profit rose by almost 15% and net profit amounted to PLN 44.3 million. The improved performance in both the media and e-commerce areas contributed to this result. Wirtualna Polska invests in the development of both areas.

The annual EBITDA of Wirtualna Polska Holding exceeded PLN 200 million for the first time in history. In the third quarter, the key drivers for our business included: improved efficiency of advertising on mobile devices in the media segment and growth in e-commerce, mainly in domestic tourism and finance  – says Jacek Świderski, CEO of Wirtualna Polska Holding S.A.

Wirtualna Polska acquired AutoCentrum.pl. At the same time, it launches a new version of superauto.pl, a site offering cars available immediately at attractive prices.

The following table presents the main positions of the income statement for the period of 3 and 9 months ending 30 September 2019 and 2018.

 

       

PLN'000

Nine months ending

30 September 2019

Nine months ending

30 September 2018

Change

% change

ONLINE Segment

 

     

Sales

504,822

383,113

121,709

31.8%

Cash sales

488,472

367,133

121,339

33.1%

Adjusted EBITDA (IAS 17)

149,141

127,348

21,793

17.1%

EBITDA (IAS 17)

144,100

122,155

21,945

18.0%

Adjusted EBITDA (IFRS 16)

155,210

 -

 -

N/A

EBITDA (IFRS 16)

150,169

 -

 -

N/A

TV Segment

 

     

Sales

14,219

10,740

3,479

32.4%

Cash sales

14,219

10,740

3,479

32.4%

Adjusted EBITDA (IAS 17)

 (5,010)

 (6,032)

1,022

(16.9%)

EBITDA (IAS 17)

 (5,031)

 (6,098)

1,067

(17.5%)

Adjusted EBITDA (IFRS 16)

 (5,010)

 -

 -

N/A

EBITDA (IFRS 16)

 (5,031)

 -

 -

N/A

Segments total

 

     

Sales

519,041

393,853

125,188

31.8%

Cash sales

502,691

377,872

124,819

33.0%

Adjusted EBITDA (IAS 17)

144,131

121,316

22,815

18.8%

EBITDA (IAS 17)

139,069

116,057

23,012

19.8%

Adjusted EBITDA (IFRS 16)

150,200

 -

 -

N/A

EBITDA (IFRS 16)

145,138

 -

 -

N/A

Amortisation and depreciation of tangible and intangible assets

 (58,559)

 (40,668)

 (17,891)

44.0%

Operating profit

86,579

75,389

11,190

14.8%

Result on financial activities

 (23,713)

 (10,278)

 (13,435)

130.7%

Profit before tax

62,866

65,111

 (2,245)

(3.4%)

Net profit

44,273

49,396

 (5,123)

(10.4%)

 

Wirtualna Polska has also introduced a new standard of video advertising. In the 3x100 offering, advertisers pay only for the video spots that are counted using the following criteria: 100% of the player with the video advertising viewed for at least 2 seconds, not skipped, i.e. watched until the end. This is the first such offering available from Polish Internet publishers. Following the introduction of the viewability measure, this is one more innovation increasing credibility of campaigns carried out in WP.

Wirtualna Polska is a media and e-commerce holding group. It owns the WP horizontal portal and it also operates specialized topical websites such as money.pl, WP SportoweFakty and WP abcZdrowie. In the e-commerce sector, WP operates in the area of travel (among others wakacje.pl, nocowanie.pl, eholiday.pl), fashion (domodi.pl and allani.pl), interior design (homebook.pl), house design (extradom.pl), financial services (totalmoney.pl) and the automotive sector (superauto.pl, autocentrum.pl). According to a Gemius/PBI survey, more than 21.3 million Poles used WP’s internet products in October 2019.

 

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WIRTUALNA POLSKA HOLDING S.A.

ul. Żwirki i Wigury 16
02-092 Warszawa
tel.: +48 22 57 67 900
fax: +48 22 57 67 901

REGON: 016366823
NIP: 5213111513