R22 tech holding company sees drop in profits

R22 recorded PLN 25.44 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 27.61 million of profit a year earlier, the company said.

The operating profit amounted to PLN 48.56 million compared to PLN 58.24 million profit a year earlier. Adjusted EBITDA was PLN 77.21 million compared to PLN 61.36 million a year earlier.

Consolidated sales revenues reached PLN 296.6 million in 2021 compared to PLN 314.91 million a year earlier.

“Last year in the R22 Group was full of highlights and successful development activities. The most visible event was certainly Vercom's IPO and stock exchange debut, but it is also worth highlighting our new investments. Joining the group of SellIntegro, Zenbox, Freshmail and PushPushGo companies contributed to a significant increase in the customer base and expansion of the product offer, in particular in the area of ​​e-commerce. The dynamic growth of results was also influenced by effective actions on the current customer base”, commented President Jakub Dwernicki.

The R22 Group is a holding of technology companies. The Group focuses on scalable services offered in the subscription model and SaaS (Software as a Service), operating within the entire value chain - from creating proprietary solutions, through their technological maintenance, to comprehensive sales and customer service. The company has been listed on the WSE main market since December 2017.

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