Financial results of MCI Capital S.A. (MCI, Company) in 2018: net profit: PLN 175 million, return on investment: PLN 219 million, NAV per share: PLN 23.90 PLN, a record high number of investment exits.
- In 2018, MCI generated a net profit of PLN 175 million (an increase of 67%) compared to PLN 105 million the year before. Return on investment was reported at PLN 219 million (an increase of 76%), mainly due to contributions from MCI.EuroVentures Subfund (PLN 212 million) and MCI.TechVentures Subfund (PLN 24 million);
- Net assets (NAV) of MCI as at 31 Dec 2018 amounted to PLN 1 billion 265 million, translating into a NAV per share of PLN 23.90 (156% above the MCI stock exchange price rate as at 31 December 2018);
- In 2018, the funds in which MCI has invested reached a record high number of investment exits – the exits announced in that period amounted to above PLN 690 million (including dividends). The Funds spent PLN 337 million on new investments and subsequent financing rounds for their current portfolio companies;
- Net debt ratio (net debt to assets ratio) stood at 12% – the lowest in 5 years.
The Frisco.pl online supermarket, leader of the Warsaw e-grocery market and the only pure-player in Poland, included in the portfolio of MCI.TechVentures Fund (MCI Group), recorded in 2018 a 32.4% sales increase to PLN 96.53 million. The increase is directly related to the consistent expansion of its active customer base, which is currently comparable to the number of people visiting seven hypermarkets. More ›
At the beginning of March 2019, IAI S.A., the portfolio company of MCI.EuroVentures fund and a well-known supplier of solutions for operating online stores for medium and large companies, will introduce a subscription plan which will make similar functionalities also available to small companies. More ›
World Economic Forum Summit in Davos, as ever, did not disappoint. Technology was present in most of the discussions, and we as MCI, were happy to pitch in. More ›
- Equity funding round of £26 million led by Barclays and fintech fund Santander InnoVentures
- New investor Viola Credit to provide the MarketInvoice platform with a debt facility of £30m to support business loan solution
- Funding to expand UK market presence and launch fintech-bank partnerships
- All relevant regulatory authorities have approved Nets’ acquisition of Polish online payment service providers Dotpay/eCard
- Expanding into Poland, the sixth largest country in EU with high growth in digital payments, further strengthens the Group’s European presence and opens new opportunities
- Dotpay/eCard’s customers will benefit from a broader portfolio of state-of-the-art eCommerce solutions and innovative new products