Digital Network initially generated PLN 8.7 million in revenues in Q1 2022

After three months of this year, igital Network had estimated group revenues in total at PLN 8.669 million, which is 54% higher y / y, the company said.

“According to preliminary estimates, the issuer's consolidated revenues amounted to PLN 3.693 million and were 78% higher compared to March 2021, in which they reached PLN 2.078 million. After three months of this year, the estimated revenues of the issuer's group totaled PLN 8.669 million and were 54% higher than in the first quarter of 2021, ”the release reads.

In the case of the subsidiary Screen Network, sales in March amounted to PLN 3 346 million and were 95% higher than in the previous year. After three months of this year, the estimated revenues of the company Screen Network totaled PLN 7.834 million and were 63% higher than in 2021, it was also announced.

“March was another month of dynamic revenue growth. This is confirmed by our announcements for 2022 regarding the growth of the outdoor advertising market with the simultaneous digital transformation from traditional billboards to LED screens, of which we are becoming the main beneficiary. The digitization of outdoor advertising is a global trend, just as it was on the press market, transforming from paper to online editions, ”said President Wojciech Bieńkowski, quoted in the press release.

Digital Network (formerly 4Fun Media) is a leader in Poland in the segment of digital outdoor advertising Digital-out-of-Home (DOOH). The strategy of the capital group may ultimately be based on three specific business areas. The group analyzes the expansion of its activities to Digital Signage and Electromobility.

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