Poland's Grupa Pracuj posts nearly 11% rise in 1st quarter core profit

Grupa Pracuj SA

27/05/2025 06:50

GDANSK, May 27 (Reuters) - Polish recruitment services company Grupa Pracuj  GPPP.WA reported a 10.9% rise in its first quarter adjusted core profit (EBITDA) to 96.7 million zlotys ($25.96 million) on Tuesday, driven by an increase in recruitment projects and a greater share of higher-margin white collar projects.

WHY IT'S IMPORTANT

Grupa Pracuj is Poland's biggest provider of human resources software and runs the largest online job recruitment platforms in Poland and Ukraine.

BY THE NUMBERS

Grupa Pracuj's quarterly net profit grew to 64.7 million zlotys from 57.7 million a year earlier. Revenue rose 4.5% to 204.9 million zlotys, thanks to growth across its three operating markets: Poland, Germany and Ukraine.

Revenue from its main Polish market was nearly 145 million zlotys, 3.8% higher than last year. Revenues from Germany rose 3.4% to 45.9 million zlotys, while those from Ukraine grew 17.1% to 14.2 million zlotys, driven by a larger number of paid recruitment projects on the Robota.ua platforms.

CONTEXT

Grupa Pracuj announced a new 2025-2030 strategy on Tuesday, targeting revenue growth of more than 80% to around 1.4 billion zlotys by 2030, while maintaining its adjusted EBITDA margin at above 40%.

It said organic revenue growth is to be supplemented by selective acquisitions mainly in the HR software area, especially ones boosting the HR post-hire offering.

($1 = 3.7252 zlotys)

 (Reporting by Anna Banacka; Editing by Milla Nissi-Prussak)

 ((Anna.banacka@thomsonreuters.com; +48 58 769 65 65))