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GoalEurope sponsor Polish investment company MCI Management has just released financial results in the third quarter of 2013. The net profits for the first nine months of the year have reached 40,9 million Euros, exceeding its forecast for the year. The company’s assets of the group have grown to 217,5 million Euros, and the assets under management grew by 53 million Euros to 252 million compared to the asset base in 2012.
MCI Management made three new investments in 2013, including Turkish IT distributor Indeks Bilgisayar, Answear.com (online clothing store in Poland and CEE) and Russian online travel company Travelata.ru where MCI acquired 80 percent equity for 3,7 million Euro via Invia.cz.
Amongst the incoming cashflow of the fund are proceeds from partial sale of Invia.cz to Mezzanine Management and dividends from its portfolio companies Indeks Bilgisayar, ABC Data and Invia.cz.
Amongst notable portfolio results are the 60 percent annual EBITDA growth in the first quarter of the year achieved by the Polish IT distributor ABC Data as the IT distribution segment in the emerging markets continue to grow.
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