In the first half of 2024, Ailleron Group achieved sales revenues of PLN 249.5 million, representing a nearly 10% increase compared to the same period in 2023. The improved results were partly due to the consolidation of the American company Prosoft LLC (number8), which significantly influenced the Group’s financial results from the second quarter of 2024.
The Group’s adjusted EBITDA was almost PLN 41 million, representing a 17% annual increase, and the operating profit was almost PLN 33.2 million. The net profit, excluding one-off events, reached approximately PLN 27.7 million, representing a 37% year-on-year increase. The majority shareholders can enjoy a net profit of PLN 10.7 million, reflecting a 12% increase compared to the first half of 2023.
Exports played a key role in the Group’s financial results, accounting for 77% of total revenue. Foreign sales increased by 13%, reaching a value of nearly PLN 191.8 million.
Technology Services results
The Technology Services sector, operating within Software Mind, recorded revenues of PLN 215.8 million, representing an 11% year-on-year increase. This result was supported by the consolidation of number8, the effects of which were visible from the second quarter. The operating profit of this segment was over PLN 33.4 million, which means that it achieved an operating margin of 15%.
The President of Software Mind, Grzegorz Młynarczyk, emphasized that the global digital transformation is driving the demand for advanced IT solutions, and the company is well-positioned to provide services to both start-ups and industry leaders.
FinTech with improvements in the second quarter
Ailleron Group’s FinTech segment recorded revenues of PLN 32.5 million, representing a 9% year-on-year increase. However, the operating result of this segment was negative, despite significantly improving in the second quarter of 2024. The results were influenced by factors including a signed agreement with Bank Pekao SA and seasonality related to tenders. Piotr Piątosa, Deputy President of Ailleron, emphasized that the demand for modern services transforming the financial sector is growing, and the company is a leader in providing solutions for key banks and leasing companies.
Stable financial situation and growing export
Despite challenges related to the strengthening of the Polish zloty against major currencies, including the USD and EUR, Ailleron has maintained a high level of revenues. The American market has become the Group’s largest foreign market, surpassing the European Union in terms of revenue generation.
Tomasz Król, Member of the Board and CFO of Ailleron, emphasized that despite difficult market conditions, Ailleron Group can continue its development, optimize its cost base, and maintain a stable financial situation.
Thanks to strong technological foundations and increased presence in the American market, Ailleron is optimistic about the second half of 2024.
Source: https://managerplus.pl/grupa-ailleron-z-solidnymi-wynikami-w-pierwszym-polroczu-2024-r-20068
