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Work Service enters into agreement to sell shares in Exact Systems Group to Cornerstone Partners and Oaktree Capital Management


30 March 2018, Work Service signed the preliminary agreement relating to the sale of all its shares in Exact Systems companies.  The buyers will be funds managed by Cornerstone Partners and Oaktree Capital Management, L.P. (“Oaktree”). The companies' enterprise value is approx. PLN 300 million.

Change in the management board of Work Service S.A.


On 8 December Piotr Gajek submitted his resignation from the office of Vice President of Work Service S.A. This, however, is not the end of his cooperation with the company. He will continue to advise the Board’s President on restructuring the Work Service Group and implementing the newly adopted strategy.

Work Service after 3 quarters: solid results and a new Group strategy for the years 2018-2020


Through the first nine months of 2017, the revenues of the Work Service Capital Group have exceeded PLN 1,975 billion with an operating profit of almost PLN 52 million. Including the results of continuing activities, all key business factors reached double-digit growth over the previous year. The last 3 quarters were a time of considerable transformation for the Group with respect to both its ...

Work Service concluded the agreement for acquisition of Hungarian company Prohuman


Work Service Group concluded the agreement for acquiring the remaining 25% of Hungarian company Prohuman. The company being acquired is the leader on the Hungarian market in providing services of temporary job with its share of more than 22% of the market and the fastest developing entity in the structures of the Group. The value of the transaction shall amount up to HUF 7 325 billion and ...

Double-digit improvement of business results and continuation of transformation


Revenues of Work Service Group in H1 2017 reached PLN 1.34 billion and increased by over 11% YoY. Sales profit increased in the said period by nearly 30% YoY, while operating result improved by 14% YoY. Process of sale of shares in Groups IT Kontrakt and Proservice was completed within the ongoing Group’s transformation in H1, leading to non-cash deduction, which decreased the ...

In the first quarter, the profit and operational results of Work Service Group are increasing


In the first months of 2017, Work Service Capital Group has reported a significant increase in its results. The revenues increased by 11% compared to the previous year and  amounted to over PLN 655 million. Operating profit exceeded PLN 25 million. This means that after the first three months, the group has already realized over 29% of the guidance for the entire year. Recently, the group ...

In 2016, Work Service increased revenues and launched transformation processes


The Work Service capital group ended the year with consolidated revenues of PLN 2.48 billion, which constituted an increase of 16% year-on-year (higher than the  dynamic of the Central and Eastern Europen market which was estimated to grow by 13%). The company has implemented several changes and announced further transformation in upcoming months. Moreover, the Group, for the first time in ...

New member of the Management Board of Work Service S.A.


On 20 April 2017, the Supervisory Board appointed Krzysztof Rewers as a member of the Management Board of Work Service S.A. He will take the position of Vice-President responsible for supervision of the financial and accounting policy of the Group and financial supervision of Subsidiaries of the Work Service Capital Group.

Work Service strengthens its position as CEE leader and improves its revenues


After three quarters of 2016 the Work Service Capital Group’s revenues reached the level of more than PLN 1,8 billion, which represents an increase of nearly 20% in comparison with the corresponding period of the last year. The Group’s gross profit on sales increased by over 23% in comparison with the corresponding period of the last year, while the operating profit increased by depreciation ...

Results of the Work Service Group, as announced


For the first 6 months of 2016, the Work Service Group recorded revenues in excess of PLN 1,2 billion, improving its last year's results by more than 23%. Gross profit increased by almost a third, and reached over PLN 129 million. Operating profit before depreciation and amortization reached PLN 40,38 million, while EBIT was PLN 32,17 million. The results achieved are in-line with the targets ...

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