R22 Delivers Another Record Quarter: Q2 FY2019/2020 Net Profit Up 73%

R22 posted Q2 FY2019/2020 revenues of PLN 47.8m (+28% YoY), normalised EBITDA of PLN 13.6m, and net profit of PLN 5.5m (+73%). The Profitroom investment was finalised and SaaS portfolio companies User.com, Blugento, and Profitroom continued to grow strongly.

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R22 posted another record quarter in Q2 FY2019/2020: revenues of PLN 47.8m (+28% YoY), normalised EBITDA of PLN 13.6m, and net profit of PLN 5.5m (+73% YoY). The Profitroom transaction was finalised, and SaaS portfolio companies — User.com, Blugento, and Profitroom — all posted strong growth. The minority H88 hosting stake buyout was completed in January 2020.

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