
MakoLab Group recorded a rise in revenues and a significant improvement in profitability, driven primarily by the expansion of export operations and projects in the field of cutting-edge technologies.
Revenues for the period totalled PLN 19 200 000, an increase of 6%, year on year. Foreign sales represent 72% of that figure, reflecting a year-on-year growth of 11%. Operating profit rose by 31%, year on year, at PLN 1 300 000, while the EBITDA year-on-year increase reached PLN 1 500 000. However, the most dynamic growth was seen in the net result, which totalled PLN 1 390 000, in comparison with PLN 140 000 for the previous year, representing an increase of 916%, year on year.
The improvement in results was driven by the expanded operational activities and the positive financial operations result; at PLN 586 000, this mainly sprang from differences in exchange rates.
The increase in international sales was grounded in the intensification of work with clients in the aviation and finance sectors, along with a growth in data centre services.
The company reported a decline in sales on the domestic market. This was chiefly connected with less activity on the part of the subsidiary company, which was partially compensated for by the growth in other business segments.
The full Q1 report can be found on the MakoLab website, at Digital Solutions Project House | User-Friendly Solutions | MakoLab
