Profil:
Vercom SAVercom IT satisfied with Q1 results, ready to spend PLN 1 bln on acquisitions
Listed IT company Vercom is satisfied with the first quarter of 2025 and sees it as a harbinger of good results in the rest of the year as well, the company representatives told a conference following the release of its quarterly financial report. Vercom is ready to spend PLN 1 billion (EUR 235.8 mln) on acquisitions within four years and to triple the scale of its operations by 2028.
"We have the first quarter behind us, a very good one, which tells us a bit about the outlook for the whole year," said Vercom's CEO Krzysztof Szyszka.
"It's worth keeping in the back of our minds that in the first quarter we usually generate just over 20 percent of the full-year EBITDA, so it's easy to draw conclusions about what that potential looks like, assuming that this year in the following quarters will go very well," he added.
CEO Szyszka continued that Vercom has put a lot of effort in making sure that there's enough room for growth.
"We've done a lot of work to make sure that the room for growth is large enough so that we're comfortable enough with the announcements and the targets that we've set for ourselves in the incentive programme," he said.
At the beginning of May, Vercom's general meeting voted on a new incentive programme for executives. It assumes an annual increase in adjusted EBITDA of 20 percent on average between 2025 and 2028.
According to the incentive programme, Vercom's EBITDA is expected to be PLN 135 million (EUR 31.8 mln) in 2025, rising to PLN 165 million (EUR 38.9 mln) in 2026, PLN 195 million (EUR 46 mln) in 2027 and PLN 230 million (EUR 54.2 mln) in 2028.
Vercom's management board is still open to further acquisitions and estimates the company's potential in this regard at PLN 1 billion (EUR 235.8 mln).
"We estimate that we can spend up to PLN 1 billion on acquisitions over the next four years. We want to increase the scale of our business as much as three times by 2028 compared to 2024," CEO Szyszka said.
"Invariably, our appetite for acquisitions remains very strong. The key is to find a company that is not inferior in growth dynamics to what we ourselves want to achieve," Vercom's CFO Lukasz Szalasnik added.
Vercom's general meeting decided to pay a total of PLN 44.9 million (EUR 10.6 mln) in dividends from 2024 net profit, which translates to a dividend of PLN 2.03 (EUR 0.48) per share. In 2024, Vercom paid a dividend of PLN 1.6 (EUR 0.38) per share from its net take generated in previous year.
Vercom representatives maintain their dividend policy of allocating at least 50 percent of consolidated net profit for dividends paid to shareholders. They hope that the amount of dividends paid out will increase every year.
Vercom is a technology group specialising in providing global communications services in a SaaS model.
pr/ ao/