Netmedia S.A. released its periodical report for the third quarter of 2018 showing a solid increase in the scale of operations and profitability of businesses from its capital group.

Cumulatively from the beginning of the year, PLN 617.5 million worth of turnover was generated, which is 27.3% more than in the comparable period of the previous year. The most dynamic turnover increases were recorded in four key segments of travel operations: hotel bookings, airline and railway ticket sales as well as event management. The main driver of volume increase were acquisitions of entities from the travel industry – Bankowe Biuro Podróży Travel Bank sp. z o.o. and Holiday Travel sp. o.o. Another factor was the successful business development that resulted in the growth of the corporate clients portfolio.

The profitability expressed in percentage terms at the gross margin level has been maintained and amounted at 7.2%. This was possible due to volume increases on products with a relatively higher margin, mainly as a consequence of performed acquisitions, and also procurement optimization in newly acquired businesses.

EBITDA was PLN 14.3 million, i.e. 43.2% higher than last year, and the net profit was PLN 9.8 million, i.e. more than two times higher than a year ago. These increases were possible mainly due to higher turnover and, consequently, a better result on sales as well as controlled overhead increases, despite strong salary pressure in the country.