openPR Logo
Press release

Penki Kontinentai Revenue for the First Quarter of 2019 - 10.9 Million Euros

06-19-2019 08:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Penki Kontinentai Group

The revenue of the Penki Kontinentai Group, specializing in innovative information technology solutions, reached 10.9 million euros for the first quarter of 2019, which is 25 percent more than in the same period last year (8.7 million euros).

“We are expanding the range of services and our presence in countries of strategic importance, where new banking technologies are especially needed for the dynamic development of the financial sector. We hope that investments in innovations and efficient use of resources will provide a basis for our further stable growth. It is important for us to maintain a high rate of development according to the planned strategy,” says Idrakas Dadašovas, Chairperson of the Penki Kontinentai Board.

One of the main companies of the group, banking technology company Penkių kontinentų bankinės technologijos (BS/2), earned 5 million euros in the first quarter of 2019 (10 percent more than in the corresponding period of 2018). Among the BS/2 subsidiaries, companies in Kazakhstan and Georgia achieved the most significant results, which are more than 116 percent higher than last year (revenues 1.3 and 1.5 million euros, respectively).

The revenue growth trend is also noted in other companies of the group. ASHBURN International is actively entering the markets of Uzbekistan and Azerbaijan. The company implements outsourcing projects and the TransLink.iQ solution for managing and monitoring the network of EFTPOS terminals and integrated cash register systems. The number of devices running on TransLink.iQ platform will exceed 300,000 by the end of the year.

Solutions of Penki Kontinentai are known in more than 80 countries. Among the main companies are Penkių kontinentų bankinės technologijos (BS/2), Penkių kontinentų komunikacijų centras (Penki and Profit), ASHBURN International, Skaitmeninio sertifikavimo centras. International banks, financial institutions, retailers and business companies use specialized software and technology solutions developed by Penki Kontinentai. The group of companies successfully collaborates with leading global companies such as Diebold Nixdorf, Cisco Systems, Unisys, Gemalto/Thales, Ingenico, Microsoft, Arris, and many others.

Germanas Kavalskis
Chief Communications Officer
Penki Kontinentai Group
Kareivių str. 2,
LT-08248, Vilnius, Lithuania
+370 626 27488

Penki Kontinentai is one of the most advanced international corporations in the areas of banking technology, innovative payment solutions, fiber optic Internet networks and IPTV (Penki), as well as the professional outsourcing of IT services.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Penki Kontinentai Revenue for the First Quarter of 2019 - 10.9 Million Euros here

News-ID: 1780820 • Views: 415

More Releases from Penki Kontinentai Group

Penki Kontinentai Turnover Exceeded 70 Million Euros In 2019
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
The Largest Lithuanian Postal Service Provider Continues Cooperation with ASHBUR …
Lietuvos paštas, the largest Lithuanian postal service provider, extended the cooperation agreement with ASHBURN International, which develops and implements software solutions for authorization of payment cards and network management of EFTPOS terminals, for another two years. By the agreement, ASHBURN International will continue to ensure the operation of all Lietuvos paštas payment terminals, which are connected to the TransLink.iQ system, which allows real-time monitoring, parametrization and software update of all devices.
ASHBURN International in TOP 10 Payment and Card Solution Providers in Europe 20 …
The well-known international magazine Banking CIO Outlook included ASHBURN International, which develops and implements transaction routing and EFTPOS terminals network management software, in the TOP 10 Payment and Card Solution Providers. Banking CIO Outlook Magazine, which is published in Silicon Valley, highlights the latest technological trends in the banking sector. Industry experts share their experience and assess the latest global trends in payments and security. Each year, a reputable group of
What is Face Detection and how can banks use it to protect ATMs
Major developer of software solutions for banks and retail BS/2 company presents a biometric technology-based feature of Face Detection for ATMs at “RBR: ATM & Cyber Security 2019” - the world’s leading conference focused on physical and logical ATM security. The event will be held in London in October 2019 and attract 400+ banks and security experts from over 40 countries worldwide to discuss current problems of ATM security

All 5 Releases

More Releases for Penkių

BS/2 Provides Cash Monitoring tools for VTB Bank in Georgia to Improve Cash Effi …
VTB Bank is one of the leading banks in the Georgian financial market. With almost 15 years in business, it established itself as a modern financial institution, introducing innovations and improving the quality of services. Since the beginning of 2019, technical support for all bank self-service devices has been entrusted to BS/2 Georgia. Cash flow is monitored by the Cash Management.iQ software solution developed by Penkių kontinentų bankinės technologijos (BS/2)
BS/2 Awarded for Achievements in Uzbekistan
The banking technologies company Penkių kontinentų bankinės technologijos (BS/2) of Penki Kontinentai Group received an exceptional award from the world leader of the banking and trade equipment Diebold Nixdorf for successful business development in Uzbekistan. The Special Achievement Banking 2019 award was presented to BS/2 at the Banking Eurasia Partner Summit, held in Rome (Italy) on April 8-10. Over 120 delegates from 30 countries participated in the annual event, shared strategic
Penki Kontinentai Group Presents a New Corporate Website
On March 12th, 1989, the concept of the World Wide Web was first introduced. The invention of the World Wide Web can be considered the greatest technological breakthrough of the last century, it’s hard to imagine our everyday lives without it. To commemorate this occasion, Penki Kontinentai Group presents its new corporate website - “Our decision to launch the new website in March did not happen at random. On
Penki Kontinentai Corporate Film Wins as the Best Video Project at the Internati …
A corporate film of Penki Kontinentai Group entitled “Technologies of Tomorrow Today” has won as the best video project in the first international ATMmys International ATM Industry Marketing awards. The winners were announced at the ceremony during the ATMIA conference, which was held February 19-21 in Orlando (Florida, USA). This significant and one of most important events in the banking industry gave the opportunity to discuss the latest market trends
The Key to Success in Banking Equipment Maintenance: Efficiency and Services Fle …
Equipment maintenance is a prerequisite for the banking self-service network. The smooth operation of ATMs and POS terminals creates a positive image of a financial institution and guarantees the loyalty of its customers. Service outsourcing is a more profitable alternative to creating service infrastructure. More and more banks entrust equipment support to specialized companies that provide quality services timely. What factors are most important choosing an outsourcing company? What affects the
The Penki Kontinentai Group Scores 47 Million Euros in Revenue
The Penki Kontinentai group, which has been operating in the field of IT technologies almost for 30 years, showed high financial results in 2018. Its income amounted to 47 million euros (in 2017 - 34 million euros). A company owned by the group, Penkių kontinentų bankinės technologijos (BS/2), achieved the most significant results in 2018. It implemented a number of projects for more than 5 million euros only in Kazakhstan and