Very good financial results of Arterial S.A. Group of Companies after 3 quarters

16.11.2009

After 3 quarters of 2009 Arteria S.A. Group of Companies earned cumulative sales revenue equal to PLN 98,8 million and generated PLN 10,7 million of operating profit, which results in the increase dynamics equal to 11,2% and 32,8% respectively, compared to analogous period of the previous year. In the period subject to reporting, the Company recorded EBITDA growth by 40,1%, while the consolidated net profit assigned to the dominant company amounted to PLN 3,7 million, showing the increase dynamics equal to 27,9% in comparison with the 3rd quarter of 2008 (PLN 2,9 million).

 

In the period of 3 quarters of 2009, Arteria S.A. Group of Companies recorded the increase of sales revenue by 11,2%. Taking into account that in the analogous period of the last year, out of the total revenue equal to PLN 88,8 million, the sum of PLN 20,1 million was constituted by margin free sales of equipment and accessories, the actual increase dynamics of revenue excluding the abovementioned turnover of the goods, would amount to 36,13%, as shown in the table below:

 

In the period covered by the report, high increase dynamics of operating profit calls attention. Among factors which most significantly influenced the level of this financial measure after 3 quarters of 2009, are the following :

-the increase of operational effectiveness of individual channels of sales, and particularily the call center division;

- dynamic operational development of subsidiary companies (particularily Gallup Polska, Trimtab, i.e. companies comprising the Group of Companies since April 2009);

- systematic extension of clients’ portfolio and signing new contracts within the field of sales outsourcing services;

- tangible effects of restructuring programme, implemented in the Arteria Group of Companies during the first two quarters of 2009 year.

The Management Board of Arteria S.A. assesses that despite distinct symptoms of the economic slowdown, one can observe a growing interest in BPO services (Business Process Outsourcing), including outsourcing of sales process of services and client services.

 

We have been consequently following the development strategy of the Group of Companies. We focus on such fields of activity, which produce growing revenue, characterising with the profitability increase. Despite the typically difficult market in summer term, the Company could confirm the above statement with very good results for the 3rd quarter. Increasing revenue and implementation of the restructuring programme resulted in such good outcome. The programme aimed at variation of the fixed costs to as great extent as possible. The programme has been carried out with the use of the unique competence of Trimtab within the field of management of business process and of innovative technologies. Efforts of several months resulted in changing the philosophy of functioning in the organisation, which due to the implementation of management processes standardization, allowed to integrate operational competence of subsidiary companies and have them concentrate on business activity, performed in the following divisions: call center, active sales and sales support. The restructuring programme is aimed at preparing the Group of Companies for further growth in the subsequent years. It is run organically and through sales in the most profitable fields of activity (call center, active sales). Therefore, obtain the consent of the Supervisory Board, at the turn of October and November, to prepare and conduct the issue of bonds equal to PLN 50 million was such a significant event. The issue will be carried out within a three-year programme. – Wojciech Bieńkowski, The President of the Management Board of Arteria S.A., comments the results.