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 portal without written permission of editorial office is prohibited.

Facebook Comments

New comment




At the Сonference in Kyiv BS/2 Will Talk About the New Features of the ATM Security System

S/2 will take part in the VIII International Conference "Anti-Fraud in the Digital World", which will be held on September 9 in Kyiv. more »

Cartu Bank will be the first in Georgia to start serving customers through DN Series ATMs

The bank signed an agreement with BS/2 for the supply of the latest DN Series ATMs. more »

CPS appoints BS/2 as its distribution partner in Uzbekistan, Azerbaijan, and Georgia

Cash Processing Solutions, the world leader in banknote counting and sorting equipment, has appointed BS/2 as its partner in Uzbekistan, Azerbaijan, and Georgia more »

The first new-generation Diebold Nixdorf ATM is already in the Baltic

BS/2 in cooperation with Worldline will upgrade the Luminor Bank ATM network in the Baltic region. more »

New partnership between ASHBURN International and SUNMI

ASHBURN International has signed a cooperation agreement with SUNMI, the world's fastest growing hardware manufacturer. SUNMI is an international company that develops modern, high-quality payment devices based on the Android platform. more »

ASHBURN International will Support Payment Systems for Latvian Pharmacies

ASHBURN International, which is part of the Penki Kontinentai Group, will retrofit the payment equipment for one of the largest pharmacy chains in Latvia – Meness Aptieka. more »

Penki kontinentai joined the DUOday initiative

The goal of the initiative is to create conditions for people with disabilities to integrate into society, so that they can feel significant, try themselves in various professions. more »

Penki kontinentai Presented Its Solutions for Banks and Retail at the Forum in Tashkent

The BS/2 team took part in the forum with our solutions for the banking sector Cash Management.iQ, Service Desk.iQ, Vynamic Marketing, and also presented solutions for the retail sector from our partner Qingdao CCL. more »

A Celebration of Neighbourhood and Friendship: Reducing Social Exclusion and Creating Accessible Environment

“Every day the sun warms everyone because it loves us”, these were the words that opened the twelfth celebration of neighbourhood and friendship which took place on May 27th. It was organized by the Lithuanian Welfare Society for People with Intellectual Disability "Viltis". The lyrics of the anthem "Mes irgi galime mylėti" ("We can love too") reflect the philosophy of the organization: understanding and love for everyone, regardless of our differences. more »

BS/2 and ASHBURN International Will Take Part in the PLUS-Forum in Tashkent

The International Forum "Banks and Retail: Digital Transformation and Interaction" will be held in Tashkent (Uzbekistan) on June 1, 2021. The event is held with the official support of the Central Bank of the Republic of Uzbekistan. more »