WSE Group posts record revenues and EBITDA in 2020

In terms of financial results, the WSE Group (WSE) can classify 2020 as one of the best in its 30-year history. The WSE generated record sales revenues of PLN 403.8 million, a record EBITDA of PLN 224.6 million, and one of the highest net profits in history at PLN 151.4 million. In 2020, operating costs amounted to PLN 208.5 million, and the cost-to-income ratio (C / I) was 51.6 percent.

In Q4 2020 alone, the WSE  generated sales revenues of PLN 115.9 million, EBITDA profit was PLN 64.4 million, and net profit was PLN 46.7 million. Operating expenses amounted to PLN 57.6 million, and the C / I ratio was 49.7 percent.

"For the fourth time I have the opportunity to present the annual results of the WSE Group and for the third time, I am happy to announce that the net profit exceeded PLN 150 million. This magical barrier could not be overcome earlier. This year was also exceptional in terms of business development. The first time in history. we managed to generate over 400 million of revenues, particularly large increases in revenues were recorded in the areas which are elements of strategy # GPW2022," Marek Dietl, President of the WSE Management Board, said.

2020 will go down in history as a period of economic and social turbulence caused by the Covid-19 pandemic. Despite this, last year was a period of dynamic development of the WSE. The value of trading in shares on the order book on the WSE increased by 55.3 percent y/y to a record level of PLN 297.3 billion. The highest ever value of trading in shares on the order book was also recorded on the NewConnect market – an increase by 925.3 percent y/y to PLN 14.7 billion.

In 2020, seven companies debuted on the Main Stock Market (including two quotes from NewConnect) and 14 companies on the NewConnect market. Warsaw strengthened its position as a regional hub for gaming companies, but the event of the year was the record-breaking Allegro IPO worth PLN 10.6 billion (including the realized option of an additional 15% share allocation).