Vercom S.A., a technology company providing cloud-based solutions in the CPaaS (Communication Platform-as-a-Service) model, is wrapping up the past year. According to preliminary estimates, revenues in 2022 amounted to more than 260 million zlotys, up 45 percent year-on-year, gross margin increased more than 2 times to nearly 116 million zlotys. In turn, adjusted EBITDA reached more than PLN 55 million recording a 45 percent increase y-o-y. The jump in results is a result of, among other things, the implementation of the international growth strategy and the integration of acquired companies. Vercom has also established a dividend policy and intends to share about 80% of its consolidated net profit for 2022 with shareholders.
Over the past year, Vercom has gone global, tripling its customer base – it now has more than 66,000 customers in 180 countries, with the United States as its main foreign market. As a result of the expansion, the Group has more than 300 employees in 30 locations around the world, allowing it to introduce more services to the global market.
We are pleased with the preliminary results achieved in 2022. The dynamic increase in the scale of operations supported by growing financial results gives us confidence that the strategy based on international expansion is delivering the expected results. We have doubled our EBITDA in the last two years, and we are very much counting on the fact that realized investments and the progressive diversification of our operations in the global market will allow us to maintain such a growth rate in the following years,” comments Krzysztof Szyszka, CEO of Vercom.
In connection with the completion of the acquisition cycle announced in the IPO in May 2021, Vercom’s Board of Directors has decided to establish a dividend policy, which calls for a minimum of 50% of consolidated net profit to be paid out as dividends.
We are generating strong cash flow, which allows us to comfortably service our debt and accumulate significant amounts of cash. Accordingly, we intend to recommend to the next General Meeting a dividend payment equivalent to about 80% of consolidated net profit, and we will strive to make the amount nominally higher every year. This is also a natural decision after the completed period of investments and acquisitions we have made recently,” =- Krzysztof Szyszka.
Vercom’s strategy is currently focused on strengthening its presence on the international market both in the area of services directed to small and medium-sized as well as large customers. The company is working intensively on preparing new services tailored to the needs of smaller customers, and soon intends to launch a new brand for the most demanding customers.
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