Benefit Systems presents results for 3 quarters of 2018: stable growth of the MultiSport program and cafeteria platforms

• At the end of Q3 2018, the total number of MultiSport cards in Poland and on foreign markets amounted to 1,104,200
• Sales revenues of the Benefit Systems Group over the first three quarters of 2018 increased by 27.4 percent to PLN 889.6 million
• The operating profit of the Benefit Group during this period amounted to PLN 102.9 million, which is an increase of 14.7% y/o/y.

Sports cards in Poland and abroad

At the end of Q3 2018 there were nearly 917,200 MultiSport card users in Poland, which is an increase of 13.5 percent, compared to the end of Q3 2017. In turn, the number of cards on foreign markets reached 187,000 (an increase of 77 percent). This is partially the result of effective sales activities, which are supported by the current active lifestyle trend, as well as attractive special initiatives allowing users to stay active throughout the year.
Revenues of the Sports Cards segment (sales of cards in Poland) in the first three quarters of 2018 amounted to PLN 624.8 million and were higher by over 16 percent y/o/y, while revenues of the Foreign segment during this period amounted to PLN 148 million (an increase of 113 percent y/o/y).

Fitness Segment
At the end of the third quarter, the Benefit Systems group managed companies operating a total of 113 own clubs throughout the country. As of the date of publication of the Group's financial results, the number of clubs increased to 139 facilities (as a result of finalizing two transactions with Calypso and Fit Fabric). Sales revenues from the Fitness Segment reached PLN 177 million (an increase of 53.6 percent y/o/y). The Fitness segment complements the Sports Cards segment - newly opened clubs guarantee more space and modern infrastructure, which significantly increases the attractiveness of the offer for sports card users.

Cafeteria Platforms

The Cafeteria Segment (MultiKafeteria and MyBenefit), whose platforms are responsible for the distribution of additional non-payroll benefits in the area of sports, culture and tourism, including the Benefit Systems Group’s own products, noted an increase at the end of September in the number of users to over 341,000. (+65,800 y/o/y). The turnover of MyBenefit and MultiKafeteria totalled PLN 200 million, an increase of over 20 percent y/o/y.

The consolidated quarterly report of the Benefit Systems Capital Group for 1-3Q2018 is available on the website:

Summary of the financial results of the Benefit Systems Group

1-3Q2018 (in PLN thousands) 1-3Q2017 (in PLN thousands)Change
Sales revenues889 604698 043+27,4%
Gross sales profit    240 184189 753+26,6%
Gross sales margin    27,0%27,2%-0,2 p.p.
EBITDA133 735114 232+17,1%
Net profit (attributed to the shareholders of the parent company)73 76170 103


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