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Assessment of 2014: another successful year with excellent results

News
Published 12.4.2015

A key characteristic of 2014 is the record volume of services that we supplied to our customers leading to excellent results. Their total volume increased by 36 % year-on-year.Thanks to high volume of work, we achieved decent growth of the key performance indicator EBITDA, which rose 7 % year over year to EUR 4 294 thousand. It is also pleasing to see a significant growth of revenues to EUR 47 108 thousand, which is an all-time record and a growth of 30 % compared to the previous year.

When evaluating last year, I would like to stress how we managed to maintain and even strengthen our position on all the key market segments.Very good response from various opinion-making media to the business benefits of the project “Register of Financial Statements” delivered by us, made us happy too.

Marian Marek, Chief Executive Officer

From an economic perspective, the year 2014 can be characterised by growth in all fundamental financial indicators. In respect of revenues, the growth was truly impressive and led to the generation of higher gross margin and profitability. Development in defined strategic areas and investments made in past years, have laid the foundation for sustaining this trend.

Miroslav Bielčik, Chief Financial Officer

The year of 2014 was one of the big expectations and, at the same time, big challenges for PosAm. We started the year with the ambitious plan to beat the results of the 2013. We expected to achieve this goal mostly based on very good development made in new business opportunities. In that time, we also launched implementation of the largest project in the company’s history. The resulting figures show that our ambitions were not unfeasible. The level of sales revenue is at a record high of EUR 47 108 thousand and our EBITDA is on the level of EUR 4 294 thousand, which surpasses the figure of 2013.

René Kubiš, Chief Sales&Marketing Officer

More information: Annual report 2014

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