Sescom is targeting further EBITDA growth and realising acquisitions this year; moreover, it hopes that with a full year under its belt, the UK-based PCB can add an additional PLN 20-30 million in sales to the PLN 27 million generated so far within the group, commented CEO Sławomir Halbryt.
“We are targeting further EBITDA growth in 2024. According to our published Wise Futurist 2030 strategy, we should achieve PLN 35 million EBITDA excluding one-offs in the 2024/2025 financial year. To achieve this, in addition to further organic growth, we need at least one more acquisition. According to our analyses, the next market where we should make another acquisition is the German market. Germany has so far been our second largest sales area after Poland. We are currently identifying players with the right organisational and operational model. We are determined to close 2024 with another acquisition,” said Halbryt.
A successful 2022/2023 financial year is behind the group, he assessed at the same time. In its preliminary financial results published at the beginning of January, the group presented a 44% increase in group sales to PLN 229.4 million and a significant improvement in EBITDA – from PLN 5.1 million to PLN 21.6 million year-on-year.The significant improvement in our results was the result of organic growth and the acquisition of an entity in the UK market in April last year. In core-business – facility management services, Sescom exceeded service order volumes prior to the pandemic and the outbreak of war in Ukraine.
“I look at the current financial year with optimism. First of all, the positive impact of the acquisition of PCB Technical Solutions Limited on group sales was only partial in the past year, as we made the acquisition in month 7 of the financial year. I think that if we work through the full year, PCB can add an additional PLN 20-30 million to the PLN 27 million in sales generated so far within the Sescom group. Another positive sales driver in the UK should be the utilisation of positive synergies,” Halbryt indicated.
In his opinion, a condition for sustaining the growth momentum in the new year will also be the development of our solutions offered to customers.
“In 2023, we started commercialising a shop asset management service using RFID technology. In October, we signed the first comprehensive contract to tag and inventory assets using RFID at more than 3,500 sites of a well-known discount chain. With the service, we are now planning a bolder entry into the market. We are already in talks to implement our solution in the German, Czech and Slovakian markets,” mentioned the CEO.
The Sescom Group also includes the Hydrogen Technology Segment.
“It is with great satisfaction that I observe noticeable progress in the development of our proprietary solutions: the electrolyser and the hydrogen boiler. The entry of the first external investor has allowed us to accelerate the development phase of the equipment. In 2024, we plan to enter the decisive testing phases in order to prepare them for certification,” Halbryt indicated.
Sescom Capital Group specialises in the management and provision of facility management services for network customers (HVAC equipment maintenance services, IT infrastructure maintenance and refrigeration, electrical and building services). The company moved its listing to the main market of the WSE in 2018.
Source: Sescom and ISBnews
Photo: Sławomir Halbryt, Sescom
