Sescom S A : With a 75.5% increase in revenues in July, Sescom continues on its successful path after three quarters of 2022/23
September 15, 2023 at 04:17 am EDT
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After the third quarter of the 2022-2023 financial year (October 2022-June 2023), the Sescom Group recorded an increase in revenues by 35% year on year, to EUR 33.1 million. In the analysed period, EBITDA was at the level of EUR 2.6 million, which means a 140% growth year on year. Net profit in the period was at the level of EUR 0.5 million compared to a net loss of EUR -0.2 million in analogous part of the previous year.
In the third quarter alone (April to June 2023), Sescom generated consolidated EBITDA of EUR 0.8 million compared to EUR 0.2 million a year earlier. As a result of incurring significant financial costs related to the acquisition of PCB Technical Solutions, the group's net profit in the third quarter was at the level of EUR 0.2 million (EUR -0.2 million a year earlier).
According to the latest data presented, in July 2023 the group generated EUR 5 million in revenues, i.e., 75.5% more than a year earlier. Most of the revenue came from the Technical Facility Management business line - EUR 3.4 million compared to EUR 1.9 million a year earlier, and EUR 3.3 million in June 2023. July was yet another month after June and May with a year-on-year sales growth rate exceeding 70%.
- In terms of revenues, July was another very good month. This confirms the continued organic development of our group, which is additionally supported by the results of the British company PCB Technical Solutions, acquired in April. Taking into account the good results after three quarters of the financial year, we expect solid results throughout the year, too - comments Sławomir Halbryt, Sescom's CEO.
In the Q1-Q3 period of the financial year 2022/23, the group's costs by type increased by 30.5% year on year, to EUR 31.3 million. This is a consequence of the partial consolidation of PCB's costs, but also of an increase in the costs of labour and other resources (materials and energy), which is directly related to high inflation. In addition, Sescom incurs operating costs of its hydrogen department, which continues development activities but has not yet reached the break-even point.
Sescom SA published this content on 15 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2023 08:16:04 UTC.
Sescom SA is a Poland-based company engaged in construction services. The Company specializes in provision of management, technical maintenance and repair of buildings' heating, ventilation, air conditioning and electrical installation. Sescom SA provides its services into five business sectors: food trade, finance, telecommunications, construction and commerce. The Company provides services in facilities maintenance and fixed network throughout the domestic market, as well as in the Czech Republic, Slovakia, Hungary, Romania and Germany. The Companyâs client portfolio includes Reserved, Mohito, Gatta, Credit Agricole, Eurobank, Panasonic, Douglas, Jysk and The United Colors of Benetton brands, among others.
SESCOM S.A. 
