On 27 May, ACTION Capital Group released its Q1 2022 consolidated financial results. In the reporting period, the Company focused on maintaining high profitability of its business, generating a net result of PLN 10,277 million. Thanks to the development of e-commerce projects in Poland and abroad, the sales margin grew to almost 9 per cent, while the Group’s revenues in the first quarter of this year rose to PLN 550,867 thousand compared to PLN 525,317 thousand generated in the same quarter a year earlier.
ACTION S.A. successfully maintains a stable growth rate and high margins thanks to enriching its offer of IT products with a wide range of non-IT articles, which are growing in popularity in the e-commerce channel in the B2C and B2B segments both in Poland and abroad.
The key factors in the e-commerce sector are the ready availability of goods, a good price and, last but not least, high customer service quality. We continue to improve on all these parameters and, as our performance clearly proves, we reap excellent results. This, along with our highly-diversified offer, enables us to further expand our customer base in both B2C and B2B segments. Thanks to this business strategy, we have been able to grow steadily and maintain high profitability. Like all others, we also face the challenges of doing business in today’s market conditions of rising inflation, falling disposable incomes and an uncertain geopolitical situation. But we have always seen challenges as motivation and driver for further growth and I hope that this time we will succeed, and are succeeding, at that again, as our current results and future projections are confirming, says Piotr Bieliński, President and CEO of ACTION S.A.
In Q1 2022, the Company almost tripled the number of customers in the B2C e-commerce channel and continued to develop its own e-commerce projects sferis.pl and krakvet.pl, as well as its operations with auction platforms.
In today’s e-commerce business, you have to not only keep improving your offer and customer service, but also build product awareness online, where these days practically anyone can sell anything. We have plenty of tools in place to guide our Customers and build their awareness and product knowledge. As a result, they choose to buy from us or from our Partners, who grow to appreciate Action’s strengths and market expertise more and more, adds Sławomir Harazin, Vice-President of the Board of Action S.A.
ACTION Capital Group Q1 2022 financial highlights
|PLN ‘000||Q1 2021||Q1 2022||Y/Y change|
|Operating expenses||8.39%||8.81%||0.42 pp|
|Net profit %||3.49%||1.87%||-1.62 pp|