impact 20 percent up, Wakacje.pl much better than before the epidemic
Internet segment Wirtualna Polska group recorded a 20.2 percent increase in revenue. to PLN 263.96 million (of which cash proceeds will increase by 21.2% to PLN 257.11 million) and generating EBITDA profits from PLN 85.71 to PLN 89.6 million.
In the study, the company calculated that its increase in revenue was mainly due to it Increase in revenues of WP Media, which earns on advertising, double-digit growth of the operating company Wakacje.pl delivered foreign route (both year on year and in countries from the third quarter of 2019) and double-digit year-on-year growth in Superauto.
WP TV, influence on the holding, influence on 26.5 percent. to PLN 6.94 million and introduced a revised EBITDA loss from PLN 969 thousand to PLN 289 thousand. zloty.
In total, the holding’s EBITDA profit increased from PLN 73.74 to PLN 95.83 million (at that time for holidays.
operating profit increased from PLN 63.32 to PLN 66.41 million, and the company’s operating profit increased from PLN 900 thousand. PLN to PLN -1.98 million net profit decreased from PLN 54.87 to PLN 50.76 million, and net profit attributable to shareholders of the additional entity – from PLN 53.41 to PLN 48.93 million.
More investments and debt
As a consequence, side flows from investing activities amounted to PLN -37.6 million, and capital expenditures to PLN 23.1 million.
Net debt of the holding at the end of September this year amounted to PLN 74.8 million (the quarter before it was PLN 46.9 million), and its ratio to actual EBITDA for 12 months – 0.2x (plus the subsequent liability for the introduction – 0.5x).
– The third quarter of this year, despite the holiday season, was a busy period of strengthening the competitive position of our transport and media business. In the area of communication, we completed the acquisition of Nocowanie.pl competitors from Central and Eastern Europe for PLN 400 million, expanding our offer to 100,000. sea water. In the area of media, we have invested PLN 110 million in Patronite and Audioteka, thanks to which, together with Pilot WP and OpenFM users, we already have 600,000. subscribers of quality content in Poland – support in the proceedings Jacek Świderski, president and one of the main shareholders of Wirtualna Polska.
In the comparison of three quarters of the holding, the increase in income by 20.6 percent. up to PLN 750.67 million, of which those in the Internet division increase by 21 percent. to PLN 730.1 million, and Telewizja WP – by 9.8 percent. to PLN 20.56 million.
Adjusted EBITDA went up from PLN 217.39 to PLN 243.96 million, and net profit – from PLN 124.86 to PLN 143.44 million.
Wirtualna Polska manages media and e-commerce
In early April, Wirtualna Polska agreed Indirect acquisition for PLN 20 million of approx. 12 percent. shares of Restaumatic Deliver in a SaaS system model to support the management, sales and management of restaurants.
In mid-August, Wirtualna Polska for over PLN 12.6 million, it bought 40 percent of shares of companies managing the Patronite crowdfunding platform. At the end, the station Służew company belonging to the Wirtualna Polska holding acquired more than 50 percent. shares in Audioteka, investing a total of PLN 95.3 million in it.
In turn, in mid-October, Wirtualna Polska preliminary purchase price for PLN 20.9 million 44.5 percent. shares in Selsey online store with furniture, interior design and garden accessories. In addition, it is to contribute to it its Homebook platform, valued at PLN 12 million.
When at the beginning the limited liability company of the Wirtualna Polska holding company finalized the purchase of 100 percent. Hungarian company Szallas for a total of approx. EUR 83 million. The deal was announced in mid-September.
Szallas is a platform for booking tickets in Hungary as well as in the Czech Republic, Romania, Poland and Croatia. His site with a total of almost 90 thousand. accommodation hotels, and since July last year until June over 1 million bookings have been made. Szallas generated EUR 6.6 million in EBITDA in this period. The acquired company owned by Polish Noclegi.pl, Hungarian Utazok.hu, Czech Hotel.cz and Online Holding and Romanian Travelminit International.
At the same time, Wirtualna Polska bought 100 percent shares of Mediapop companies issuing, among others, Jastrzębpost.pl, Pysznosci.pl, Genialne.pl and Popularne.plpaying PLN 28 million (plus PLN 9 million).