The OEX Group completed Q3-2017 with very good financial results.
Compared to the corresponding period of the previous year, the Group has achieved the following:
Since March 2015, the Group has been consistently implementing the diversification strategy, which is reflected in our financial results, which, since then, have been steadily growing. Without acquisitions and new segments, the Group would today achieve less than half of the current EBITDA – said Jerzy Motz, President of the management board of OEX S.A. After three quarters of 2017, the company generated a net profit for shareholders which was higher by nearly PLN 3.6 million, an increase of over 48% compared to the same period of the previous year.
The results are in line with the expectations of the management and the previously published forecast. The increase in the Group’s profits was secured by good results achieved by the companies, as well as the acquisition of ArchiDoc and Voice Contact Center, executed in January 2017.
Document management and customer service segment, which, after three quarters, produced 24% of the Group’s EBITDA showed great results and very good profitability. The Sales Support segment is dynamically growing, it recorded an increase of EBITDA of over 45%, which is partly the result of the acquisition of MerService last year, but also the result of organic growth. In 2016, after three quarters, the segment generated nearly PLN 6 million EBITDA, today it is almost PLN 7.5 million – added Jerzy Motz.
Thanks to the experienced management team and effectively implemented strategy of building a position in the market these two segments consistently develop. Both OEX Cursor supplemented by MerService, as well as ArchiDoc and Voice Contact Center are very well recognizable in the market, and provide services for the largest companies in Poland. We are, however, constantly developing our offer in such a way as to meet the trends and increase our market share – said President Jerzy Motz.
The OEX Group has a stable position in the segment of Retail Networks Management, which generated nearly PLN 13 million of EBITDA, i.e. 45% share in the Group’s profit for three quarters of 2017. In the previous year, after three quarters, this share accounted for over 60%.