|ATM S.A. records good performance in the first half of 2012|
ATM S.A. presented its financial results for the first six months of 2012. EBITDA closed at PLN 19.8 million (an increase of 13% compared to the first half of 2011), margin from sales amounted to PLN 36.1 million (4% up y/y) and operating profit to PLN 9.90 million (18% up y/y). Net profit from continuing operations was down by 12% to PLN 6.83 million as a result of one-off events.
Consolidated sales revenues in the first half of the year amounted to PLN 96.9 million (47% up y/y), margin from sales to PLN 36.1 million (4% up y/y), operating profit to PLN 9.90 million (18% up y/y) and EBITDA to PLN 19.8 million (13% up y/y). Compared to the corresponding period of 2011, net profit from continuing operations dropped by 12% to PLN 6.83 million; however, this fall in profit is exclusively the result of additional financial income in the first quarter of 2011 from disposal of 60% share in inONE company. Furthermore, ATMs consolidated financial results suffered from the commencement of liquidation of mPay International Sp. z o.o., a company that was dormant in the last few years.
The first half of 2012 was important in terms of organising the structure of the capital group of companies. We have managed to successfully complete the process of dividing ATM into two companies listed on the Warsaw Stock Exchange, and, in the opinion of the management board, the completion of this almost four-year long process, now, less than four months later, has brought real benefits to the shareholders. Since the first day of trading of ATM under its new structure, the share price has increased by 41%*, to a level similar to that of the Reference Date, on which the company was quoted under the old structure, and, what is more important, the valuation of both, already independent, companies, which are owned by ATMs existing shareholders, has increased in that period by 17%.