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
 

Basics of ATM operation: training for JSICB “Ipak Yuli” employees took place in Uzbekistan

BS/2 experts conducted training for the employees of the department of automated points service and plastic cards issuing of JSICB “Ipak Yuli”. more »

Modern DN-series ATMs added to Victoriabank fleet

or the first time in Moldova, modern devices from Diebold Nixdorf DN-series appeared. more »

Improving knowledge of ATMs: training for Aloqabank employees was held in Uzbekistan

On May 28, the BS/2 experts conducted training for the ATM maintenance department of Aloqabank. more »

Intersect 2022: Discussion of banking trends and technological innovations in the industry

BS/2 experts take part in Intersect 2022 from June 13 to 15, 2022. more »

Results of PLUS-Forum “Banks and Retail. Digital Transformation and Interaction”: focus on innovation in the banking industry

On May 25-26, 2022, representatives of "Penki kontinentai Group" participated in the international PLUS‑Forum. more »

„The Power of Coffee“ gives you the power to feel meaningful

It is the third time in a row that the Penki kontinentai group participates in this initiative. more »

DUOday 2022 in the Penki kontinentai group

The Penki kontinentai group of companies participates in the initiative of the social employment agency SOPA "DUOday" for the second year in a row. more »

The seminar on working with cash starts in Tashkent

On May 27, 2022 in the conference hall of the Hyatt Regency Tashkent hotel there will be the seminar “Cash Optimization. Bank self-service”. more »

The representatives of the Penki kontinentai group are participating in the forum in Uzbekistan

Today in Tashkent launched PLUS-Forum “Banks and Retail. Digital Transformation and Interaction”. more »

Modern SUNMI payment devices are gaining popularity in Georgia

At the request of the largest banks in Georgia, Bank of Georgia and TBC Bank, SUNMI payment devices were designed according to their brands. more »