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yarrl SAYarrl IT posts PLN 71.8 mln revenues in 2024, up 32 pct y/y
Listed Polish IT group Yarrl generated consolidated revenues of over PLN 71.8 million (EUR 17.2 mln) in 2024, up 32 percent year on year, the company said in a press release. It was reported that Yarrl wants to continue to grow by, among other things, expanding the range of its own solutions using AI, but also by making acquisitions.
Yarrl's management believes that the strong performance provides the basis for further growth in the years ahead. Among other things, the group wants to focus on expanding its own solutions offering, including those using AI capabilities, as well as increasing revenues from the financial and industrial sectors.
According to the press release, at the same time Yarrl is also looking for acquisition targets that would help leapfrog the business and introduce new services or products to its offering.
"We recorded the highest revenues in the entire history of the Yarrl group's operations. It is also worth noting that all our business segments were profitable, with the group's average gross sales profitability of almost 17 percent," said Yarrl's CEO Slawomir Polukord, quoted in the press release.
"(...) I believe that we are ready for further dynamic growth based both on expanding our own product offering by, among other things, implementing AI solutions, but also increasing our presence in the financial and industrial markets. At the same time, we are actively looking for entities that could be acquisition targets (...)," he added.
alk/ ao/