Press releases

29.08
2017

Wirtualna Polska records a nearly 16 percent increase in cash revenues in the first half of 2017

In the first half of 2017, Wirtualna Polska’s cash revenues increased almost 16%. In the online segment alone, the increase in cash revenues surpassed 14% with an increase in adjusted EBITDA of more than 10%. The company intends to continue its growth and announces new products for e-commerce customers and new image formats with high viewability.

“The results we are announcing today for the first half of the year reflect the rate of growth of the Polish online market. In the second half of the year, we intend to continue to grow at the same rate by introducing new products for e-commerce customers and new image formats with high viewability,” said Jacek Świderski, CEO of Wirtualna Polska Holding S.A.

The table below presents the main line items of the statement of financial result for the first six months of 2017 and 2016.

PLN 000s

Six months ended 30 June 2017

Six months ended 30 June 2016

Change

Percentage change

ONLINE Segment

 

     

Sales revenues

211,883

189,217

22,666

12.0%

Cash sales revenues

195,754

171,566

24,188

14.1%

Adjusted EBITDA

68,142

61,846

6,296

10.2%

EBITDA

63,212

57,164

6,048

10.6%

TV Segment

 

     

Sales revenues

2,545

 -

2,545

-

Cash sales revenues

2,545

 -

2,545

-

Adjusted EBITDA

 (7,806)

 (382)

 (7,424)

1,943.5%

EBITDA

 (7,837)

 (383)

 (7,454)

1,946.2%

Segments combined

 

     

Sales revenues

214,428

189,217

25,211

13.3%

Cash sales revenues

198,299

171,566

26,733

15.6%

Adjusted EBITDA

60,336

61,464

 (1,128)

(1.8%)

EBITDA

55,375

56,781

 (1,406)

(2.5%)

Depreciation of fixed assets and intangible assets

 (24,735)

 (19,956)

 (4,779)

23.9%

Operating profit

30,640

36,825

 (6,185)

(16.8%)

Result on financing activity

 (8,734)

 (8,068)

 (666)

8.3%

Pre-tax profit

21,906

27,496

 (5,590)

(20.3%)

Net profit

16,778

20,994

 (4,216)

(20.1%)

 

 

 

 

 

 

The Group’s revenues on the sales of services increased more than 13% to PLN 214 million in the first six months of 2017. In turn, cash sales revenues of PLN 198 million were up nearly 16% compared to the sales revenues in the corresponding period of 2016.

Revenues on the sales of services in the Online Segment increased in the first six months of 2017 by PLN 212 million, or 12%, compared to the sales revenues in the same period last year. In parallel, cash revenues reached PLN 196 million, having increased 14%. In the reporting period, the Online Segment generated PLN 68 million in adjusted EBITDA, up by nearly 10% compared to the first six months of the year before.

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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