Penki Kontinentai Turnover Exceeded 70 Million Euros In 2019

Published: 26 February 2020 y., Wednesday

The turnover of the Penki Kontinentai Group operating in the field of banking technologies, payment solutions, retail, fiber optic Internet and IT services has grown by more than 50 percent compared to 2018 and exceeded 70 million euros in 2019.

“The successful start of the year gave a powerful impetus to our future work. Financial indicators reflect the high level of team professionalism and consistent compliance with the development strategy in each of the countries where we offer our services. Active sales of equipment and software solutions, as well as a growing portfolio of outsourcing services in highly competitive markets, allowed us to diversify our business, which had a beneficial effect on the result,” said Idrakas Dadašovas, Chairperson of the Penki Kontinentai Board.

According to him, Penkių kontinentų bankinės technologijos (BS/2), specializing in technological solutions for banks and retail, achieved the most significant results for the year. Compared to last year, sales rose from 26 to 39 million euros.

BS/2 subsidiaries also hit record highs, doubling their revenues. BS/2 Kazakhstan increased the turnover from 6 to 11 million euros by expanding the range of services and equipment sold. Due to the high quality of service and a large network of service centers, the company has taken a strong position in the competitive market.

BS/2 Georgia implemented several large projects as part of the outsourcing of acquiring networks for the largest financial institutions in the country, because of which the sales volume doubled to 6 million euros.

Uzbekistan remains a strategically important region for Penki Kontinentai. The country's attractiveness is growing thanks to progressive state reforms aimed at developing the investment climate, introducing and using innovative solutions. Highly qualified specialists of subsidiaries from Azerbaijan, Georgia, Kazakhstan and Latvia take an active part in creating the technological banking infrastructure in Uzbekistan. In 2019, the total cost of projects implemented in this country amounted to 14 million euros. Thus, the Penki Kontinentai Group carries out 8 percent of the total export from Lithuania to Uzbekistan.

According to Idrakas Dadašovas, an important trend of the past year was the growth of demand for software. The payment management system Payments.iQ, the currency exchange solution FCX.iQ, the monitoring and IT service management software for self-service systems Vynamic View, which can be integrated with the video security solution ATMeye.iQ, as well as its new module for face detection are interesting for financial institutions. Over 6,000 ATMeye.iQ licenses were sold last year, bringing the total number of secure self-service devices in the world to more than 80,000.

ASHBURN International, a member of the Penki Kontinentai Group, specializing in outsourcing of acquiring services, managing EFTPOS terminal networks and integrating cash systems, has begun active development in Azerbaijan and registered a growth in financial indicators of up to 2.9 million euros.

Penkių kontinentų komunikacijų centras, offering IPTV and Internet Penki, as well as ProfIT outsourcing IT services, recorded an increase in sales. Due to the development of the B2B direction, business segment income grew by 30 percent. The total annual turnover amounted to 4.2 million euros.

Šaltinis: Penki kontinentai
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment

     

 


Captcha
 

Tipping via POS-terminal is an innovation in the Lithuanian service market

“My tips” is a new service option in the Lithuanian restaurants. more »

Strategic partnership: Diebold Nixdorf summit on current trends in the financial industry

On September 20-22 Diebold Nixdorf – the world leader in the banking and trading equipment market – will hold a partner summit in Bangkok. more »

As part of the opening of the IT Park, the head of the board of the Penki kontinentai Group of Companies met with the Prime Minister of Uzbekistan

Idrakas Dadašovas thanked the Prime Minister for the opportunity to talk about the development of banking self-service in the Republic of Uzbekistan. more »

Big interview with a banker: Umid Xojibekov told about secrets of career at Ipak Yuli Bank

Umid Xojibekov talked about the beginning of his career, the specifics of working at Ipak Yuli... more »

International Bank of Azerbaijan chose Vynamic View software

Winning the tender means equipping ABB ATMs with Vynamic View software, software for monitoring, and IT service management of self-service systems. more »

BS/2 Georgia became Georgia's official fiscal data operator

BS/2 Georgia in cooperation with ASHBURN International offer payment terminals to the Georgian market, which perform fiscalization function, thus replacing cash registers. more »

Social initiative at the Penki kontinentai art galleries

On the last Friday of July, the social initiative "Mind, beauty, health - the beginning of our future" was held in the Penki kontinentai art galleries. more »

BS/2 continues cooperation with Halyk Bank

BS/2 has been cooperating with the largest bank in Kazakhstan for several years. more »

ASHBURN International enters the market of Western Europe

ASHBURN International has entered into a partnership agreement with DECTA. more »