Escola S.A. increases its turnover by 65% in 2022 with expansion into new foreign markets
- "Despite the challenging market situation in 2022, we have recorded an increase in sales and are gaining new customers, not only in Poland. We are actively increasing the number of foreign orders. We are in intensive talks in the Middle East, and we are continuing with projects in the USA, the UK, Norway, the Netherlands, and Germany. We are negotiating with customers in Italy and Turkey. We are also intensively developing our own e-learning and e-commerce products: wellms.io, myVOD.io, Heseya," says Dr Krzysztof Wojewodzic, CEO Escola S.A.
The Group reported a 65 per cent year-over-year increase in consolidated revenues to PLN 16.9 million in 2022, compared to PLN 10.2 million in 2021. A total of 30.6 per cent of the company's revenue mix in 2022 was accounted for by USD and EUR orders (14.1 per cent and 16.5 per cent respectively). The estimated EBITDA result was PLN 0.6 million.
The bottom line was heavily influenced by investments in the company's own subsidiaries and acquisitions, including the development of the team, which already numbers just over 100 people. A 20-strong team from the Katowice (Poland)technology company IT.focus joined the company in 2022.
- In 2022, we invested heavily in our projects, including our e-learning platform, Wellms. E-learning is one of our most important avenues for growth. We are attracting new customers through innovative technology and active evangelisation of the e-learning market in Poland and abroad," says Dr Krzysztof Wojewodzic.
Escola S.A.'s dynamic growth has once again been recognised in the prestigious Deloitte Technology Fast 50 Central Europe ranking. In the latest edition, Escola was ranked 4th in Poland and 10th in Central and Eastern Europe.
The company is finalising the introduction of an ESOP option programme for Group employees and associates.
- The option programme will take effect during 2023 and aims to increase the value of the company by involving the team in further projects, including overseas. We have a strong and distinctive team of experts in the market who, thanks to the option programme, will become co-owners of the company,' says Dr Krzysztof Wojewodzic, CEO Escola S.A.
As planned, the company is preparing for its debut on the NewConnect market in Poland. The decision on the date will be made this year on the recommendation of the Supervisory Board of Escola S.A. - We want to be ready for the debut at the best moment for the shareholders and the company - says Prof. Dariusz Jemielniak, Vice-Chairman of the Supervisory Board of the company.
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Background:
Escola S.A. - https://escolasoft.com/ - is a technology company that develops mobile and web applications, provides digital transformation consulting services and develops its own products through venture building. In 2022, the company was ranked 4th in Poland and 10th in Central and Eastern Europe in the Deloitte Technology Fast 50 Central Europe 2022 ranking. Since 2022, Escola SA has been the organiser of the Mobile Trends Conference and the gala presentation of the prestigious Mobile Trends Awards. The company has offices in Warsaw, Gdansk, Cracow, Kalisz and Katowice and employs almost 100 people. Dr Krzysztof Wojewodzic is the Chairman of the Board and main shareholder. Escola is supported by an experienced supervisory board chaired by Prof. Witold Orłowski.