TenderHut had PLN 4.42 million in net profit, and PLN 6.72 million in EBITDA in 2021

TenderHut recorded PLN 4.42 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 5.89 million profit a year earlier, the company said in the report.
The operating profit amounted to PLN 5.09 million versus PLN 7.64 million profit a year earlier. The EBITDA result was respectively: PLN 6.72 million compared to PLN 8.76 million a year earlier.

Consolidated sales revenues reached PLN 61.05 million in 2021 compared to PLN 46.89 million a year earlier.

“In terms of the pace of development, the TenderHut Group maintained last year a high, double-digit sales growth dynamics, which we are very pleased with. Such a good result was due to both strong organic growth and the consolidation of the acquisitions. However, there was a clear decline in the profitability of some areas of our activity, which resulted in a negative dynamics of profits. On the one hand, it was related to the increase in personnel costs observed in the entire IT industry. On the other hand, with increased investments in the development of human resources, which will be crucial for maintaining our pace of development and market position in the coming years, ”wrote President Robert Strzelecki in the letter attached to the report.

TenderHut is a technological capital group that focuses on offering outsourcing solutions. The company's flagship product is the Zonifero application, which simplifies office management. In addition, the company offers applications and solutions used by companies such as Unilever and Mondelez International. The company employs over 300 specialists. It has been listed on NewConnect since April 2021.

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