In the first three quarters of 2021, Ailleron achieved a consolidated revenue on sales of PLN 145.402M and generated PLN 8.065M of net profit. The revenue on sales grew by nearly 42% in comparison with the same period last year, when it amounted to PLN 102.136M. After three quarters of 2021, the Ailleron Group reported an EBITDA of PLN 21.318M, which is more than 51% higher than in 2020, when it stood at PLN 14.116M. In turn, net profit grew by more than 120%, from PLN 3.629M after the first three quarters of 2020 to PLN 8.065 in the same period in 2021.
“We close Q3 2021 with a significant profit. This is a continuation of the good trend we have been pleased to observe since the beginning of 2020. In the first three quarters of 2021, we generated a solid result on operations: PLN 15.114M. Last year, it was PLN 8.177M. This means an increase by more than 85%. We have improved our financial results, and in all segments, too. Enterprise Services (which comprises Telco and Technology Services), FinTech, and HotelTech all improved their results. Enterprise Services continues to be the largest segment of our operations, which, incrementally, as at the end of Q3 2021, generated sales of PLN 103.527M, which is a 56% increase over the same period in 2020, when revenue amounted to PLN 66.273M. This is a result of a consistent implementation of the strategy adopted together with Enterprise Investors, which is intended to redouble this part of the business. Another result in this respect is the acquisition of new companies: Code Factory Romania and Code Factory Moldova. This opens the way to a market of highly qualified IT specialists from the Balkans, allowing us to build teams of software developers outside of Poland and to scale up our business,” says Tomasz Król, CFO and Member of the Management Board of Ailleron S.A.
In the FinTech segment of operations, revenue in the first three quarters of 2021 was higher than in the same period in 2020, amounting to PLN 37.104M versus PLN 31.579M in the previous year, which means an increase of 17%. In this segment the key product is LiveBank, the company’s flagship. Considering the prospect of dynamic digitalization processes, the other solutions, i.e. Challenger, Corporate, and LeaseTech, promise well for the future and already have a significant share in the company’s results.
“We thrive in areas that have a large potential to grow and increase our revenue, especially in the FinTech segment. The company continues R&D works on the cloud-based LiveBank SaaS product and plans to offer early access to selected clients already in November. We also focus on product development in the area of lease where we can see immense interest in our solutions from the industry. Changes brought about by the pandemic have sped up digitalization, especially in the financial sector. According to our observations, this trend will continue in the quarters to come. For us, this new model of functioning means a much better scalability of the solution and a possibility of dynamically adjusting contracts to the the needs of clients. In other words, this a state-of-the-art solution and the R&D works carried out in this respect will translate to new contracts already in 2022,” Mr. Król adds.
As at the end of Q3, revenue in the HotelTech area amounted to PLN 2.851M, which is an increase of more than 11% over the total revenue in this segment in the same period in 2020 (PLN 2.568M). In July 2021, the company executed an agreement with the Bould Group of Saudi Arabia regarding the use of iLumio (a mobile application for iOS and Android and a CMS system) in the chain’s 60 hotels in Saudia Arabia. The value of the contract exceeds 10% of the company’s annual revenue in the hotel segment. The contract also opens up possibilities in terms of selling other products to the Bould Group, including iLumioTV and the Smart Room App.