Benefit Systems 4Q19 Results Preview
Benefit Systems reports its 4Q19 results on 1 April 2020. Below please find key highlights:
Card segment: Benefit has already reported that at the end of 4Q19 on Polish market it had 1,046.5k fitness cards distributed to its clients ( +127.0k y/y; +14.4k q/q). We assume that average revenue per card slightly increased (+1.0% y/y) - similarly to what we observed in 9M19. As a consequence, we arrive at revenues of PLN 256.9m, +15.8% y/y.
Benefit System SA is a Poland-based company engaged in providing work benefits in the area of sport, recreations, culture and entertainment for employers. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities; MultiBet, providing access to more than 90 cinemas through Poland; and cafeteria programs, which allow employees to select items from such segments as sport, recreation, culture, entertainment, tourism and health and beauty. The Company is a parent entity of a capital group, which includes subsidiaries, such as MyBenefit Sp z o o, FitSport Polska Sp z o o, Vanity Style Sp z o o and Multisport Benefit sro, based in the Czech Republic.
Rapidly growing CEE brokerage with over 50 stocks under coverage across CEE4 countries: Poland, Czechia, Hungary, Romania.
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