Reported Earnings • May 26
First quarter 2026 earnings released: EPS: zł0.91 (vs zł0.95 in 1Q 2025) First quarter 2026 results: EPS: zł0.91 (down from zł0.95 in 1Q 2025). Revenue: zł209.4m (up 2.2% from 1Q 2025). Net income: zł62.7m (down 3.1% from 1Q 2025). Profit margin: 30% (down from 32% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • May 19
Grupa Pracuj S.A., Annual General Meeting, Jun 17, 2026 Grupa Pracuj S.A., Annual General Meeting, Jun 17, 2026, at 11:00 Central European Standard Time. Reported Earnings • Apr 06
Full year 2025 earnings released: EPS: zł3.53 (vs zł2.99 in FY 2024) Full year 2025 results: EPS: zł3.53 (up from zł2.99 in FY 2024). Revenue: zł811.2m (up 5.4% from FY 2024). Net income: zł242.9m (up 19% from FY 2024). Profit margin: 30% (up from 27% in FY 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Apr 03
Grupa Pracuj S.A. announces Annual dividend, payable on July 02, 2026 Grupa Pracuj S.A. announced Annual dividend of PLN 3.0000 per share payable on July 02, 2026, ex-date on June 23, 2026 and record date on June 24, 2026. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: zł0.94 (vs zł0.89 in 3Q 2024) Third quarter 2025 results: EPS: zł0.94 (up from zł0.89 in 3Q 2024). Revenue: zł205.0m (up 6.2% from 3Q 2024). Net income: zł64.7m (up 6.8% from 3Q 2024). Profit margin: 32% (in line with 3Q 2024). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: zł0.80 (vs zł0.61 in 2Q 2024) Second quarter 2025 results: EPS: zł0.80 (up from zł0.61 in 2Q 2024). Revenue: zł204.4m (up 5.6% from 2Q 2024). Net income: zł54.8m (up 32% from 2Q 2024). Profit margin: 27% (up from 22% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 30
Upcoming dividend of zł2.10 per share Eligible shareholders must have bought the stock before 07 July 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Polish dividend payers (7.0%). Lower than average of industry peers (4.0%). Upcoming Dividend • Jun 13
Upcoming dividend of zł2.10 per share Eligible shareholders must have bought the stock before 20 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Polish dividend payers (7.2%). Lower than average of industry peers (4.0%). Reported Earnings • May 28
First quarter 2025 earnings released: EPS: zł0.95 (vs zł0.85 in 1Q 2024) First quarter 2025 results: EPS: zł0.95 (up from zł0.85 in 1Q 2024). Revenue: zł204.9m (up 4.5% from 1Q 2024). Net income: zł64.7m (up 11% from 1Q 2024). Profit margin: 32% (up from 30% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 21
Grupa Pracuj S.A., Annual General Meeting, Jun 16, 2025 Grupa Pracuj S.A., Annual General Meeting, Jun 16, 2025. Declared Dividend • Mar 30
Dividend increased to zł2.10 Dividend of zł2.10 is 5.0% higher than last year. Ex-date: 20th June 2025 Payment date: 2nd July 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has remained flat since 3 years ago. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 28
Grupa Pracuj S.A. announces Annual dividend, payable on July 02, 2025 Grupa Pracuj S.A. announced Annual dividend of PLN 2.1000 per share payable on July 02, 2025, ex-date on June 20, 2025 and record date on June 23, 2025. Reported Earnings • Nov 22
Third quarter 2024 earnings released: EPS: zł0.89 (vs zł0.74 in 3Q 2023) Third quarter 2024 results: EPS: zł0.89 (up from zł0.74 in 3Q 2023). Revenue: zł193.0m (up 6.5% from 3Q 2023). Net income: zł60.6m (up 20% from 3Q 2023). Profit margin: 31% (up from 28% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: zł0.61 (vs zł0.88 in 2Q 2023) Second quarter 2024 results: EPS: zł0.61 (down from zł0.88 in 2Q 2023). Revenue: zł193.6m (up 5.0% from 2Q 2023). Net income: zł41.5m (down 31% from 2Q 2023). Profit margin: 22% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Upcoming Dividend • Jun 14
Upcoming dividend of zł2.00 per share Eligible shareholders must have bought the stock before 21 June 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Polish dividend payers (7.8%). Higher than average of industry peers (2.1%). Reported Earnings • May 24
First quarter 2024 earnings released: EPS: zł0.85 (vs zł0.72 in 1Q 2023) First quarter 2024 results: EPS: zł0.85 (up from zł0.72 in 1Q 2023). Revenue: zł196.0m (up 5.7% from 1Q 2023). Net income: zł58.1m (up 17% from 1Q 2023). Profit margin: 30% (up from 27% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Announcement • May 23
Grupa Pracuj S.A., Annual General Meeting, Jun 18, 2024 Grupa Pracuj S.A., Annual General Meeting, Jun 18, 2024. Declared Dividend • May 17
Dividend increased to zł2.00 Dividend of zł2.00 is 33% higher than last year. Ex-date: 21st June 2024 Payment date: 5th July 2024 Dividend yield will be 3.2%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 16
Grupa Pracuj S.A. Announces Dividend, Payable on July 5, 2024 Grupa Pracuj S.A. wants to earmark PLN 136.5 million (EUR 32 mln) or PLN 2 (EUR 0.47) per share for a dividend from its 2023 net profit. The proposed dividend date is June 24, and the payment date is July 5, 2024. Buy Or Sell Opportunity • Apr 26
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at zł61.00. The fair value is estimated to be zł76.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 27% in the next year. Reported Earnings • Apr 05
Full year 2023 earnings released: EPS: zł2.53 (vs zł2.51 in FY 2022) Full year 2023 results: EPS: zł2.53 (up from zł2.51 in FY 2022). Revenue: zł469.7m (down 23% from FY 2022). Net income: zł172.9m (up 1.1% from FY 2022). Profit margin: 37% (up from 28% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Reported Earnings • Nov 26
Third quarter 2023 earnings released: EPS: zł0.73 (vs zł0.78 in 3Q 2022) Third quarter 2023 results: EPS: zł0.73 (down from zł0.78 in 3Q 2022). Revenue: zł181.2m (down 1.3% from 3Q 2022). Net income: zł49.6m (down 6.7% from 3Q 2022). Profit margin: 27% (down from 29% in 3Q 2022). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł57.00, the stock trades at a trailing P/E ratio of 22.3x. Average forward P/E is 15x in the Professional Services industry in Poland. Total returns to shareholders of 28% over the past year. Simply Wall St's valuation model estimates the intrinsic value at zł91.60 per share. Reported Earnings • Sep 01
Second quarter 2023 earnings released: EPS: zł0.85 (vs zł0.72 in 2Q 2022) Second quarter 2023 results: EPS: zł0.85 (up from zł0.72 in 2Q 2022). Revenue: zł184.3m (up 33% from 2Q 2022). Net income: zł58.4m (up 18% from 2Q 2022). Profit margin: 32% (down from 36% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe. Upcoming Dividend • Jun 23
Upcoming dividend of zł1.50 per share at 3.4% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Polish dividend payers (7.3%). In line with average of industry peers (3.1%). Buying Opportunity • Jun 09
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 4.8%. The fair value is estimated to be zł73.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has declined by 34%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Reported Earnings • May 28
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł185.4m (up 31% from 1Q 2022). Net income: zł51.7m (down 6.2% from 1Q 2022). Profit margin: 28% (down from 39% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Announcement • May 23
Grupa Pracuj S.A., Annual General Meeting, Jun 15, 2023 Grupa Pracuj S.A., Annual General Meeting, Jun 15, 2023, at 09:30 Central European Standard Time. Reported Earnings • Apr 09
Full year 2022 earnings released: EPS: zł2.51 (vs zł3.79 in FY 2021) Full year 2022 results: EPS: zł2.51 (down from zł3.79 in FY 2021). Revenue: zł608.5m (up 28% from FY 2021). Net income: zł171.0m (down 33% from FY 2021). Profit margin: 28% (down from 54% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Buying Opportunity • Mar 22
Now 22% undervalued Over the last 90 days, the stock is up 40%. The fair value is estimated to be zł72.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last year. Earnings per share has declined by 8.5%. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł51.10, the stock trades at a trailing P/E ratio of 17.3x. Average forward P/E is 17x in the Professional Services industry in Poland. Total loss to shareholders of 29% over the past year. Simply Wall St's valuation model estimates the intrinsic value at zł77.02 per share. Reported Earnings • Nov 26
Third quarter 2022 earnings released Third quarter 2022 results: EPS: zł0.78. Net income: zł53.1m (up zł53.1m from 3Q 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Reported Earnings • Sep 29
Second quarter 2022 earnings released Second quarter 2022 results: EPS: zł0.72. Net income: zł49.4m (up zł49.4m from 2Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in Europe. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł37.00, the stock trades at a trailing P/E ratio of 9.2x. Average forward P/E is 14x in the Professional Services industry in Poland.