logo image
  • News
    • People Moves
    • Deal Wins
    • Demand Drivers
    • M&A and Funding
    • Financial Results
    • Technology
    • Academia
    • Industry News
    • Features
    • Machine Translation
    • — Divider —
    • Slator Pro
    • — Divider —
    • Press Releases
    • Sponsored Content
  • Data & Research
    • Research Reports & Pro Guides
    • Language Industry Investor Map
    • Real-Time Charts of Listed LSPs
    • Language Service Provider Index
  • Podcasts & Videos
  • Events
    • Design Thinking – February 2021
    • — Divider —
    • SlatorCon Coverage
    • Other Events
  • Directory
  • RFP Center
  • Jobs
MENU
  • News
    • People Moves
    • Deal Wins
    • Demand Drivers
    • M&A and Funding
    • Financial Results
    • Technology
    • Academia
    • Industry News
    • Features
    • Machine Translation
    • — Divider —
    • Slator Pro
    • — Divider —
    • Press Releases
    • Sponsored Content
  • Data & Research
    • Research Reports & Pro Guides
    • Language Industry Investor Map
    • Real-Time Charts of Listed LSPs
    • Language Service Provider Index
  • Podcasts & Videos
  • Events
    • Design Thinking – February 2021
    • — Divider —
    • SlatorCon Coverage
    • Other Events
  • Directory
  • RFP Center
  • Jobs

Advertise on Slator! Download the 2021 Online Media Kit Now

  • Slator Market Intelligence
  • Slator Advertising Services
  • Slator Advisory
  • Login
Search
Generic filters
Exact matches only
Advertisement
No Time to Waste: Summa Linguae Targets Four Acquisitions By End of 2015

5 years ago

November 23, 2015

No Time to Waste: Summa Linguae Targets Four Acquisitions By End of 2015

Financial Results ·

by Florian Faes

On November 23, 2015

5 years ago
Financial Results ·

by Florian Faes

On November 23, 2015

No Time to Waste: Summa Linguae Targets Four Acquisitions By End of 2015

Poland-based language service provider Summa Linguae released its earnings report for the third quarter 2015. According to the English commentary shared with Slator by the company’s CEO Krzysztof Zdanowski, revenues increased 7.9% compared to the second quarter of 2015 to PLN 1.234M ($309,000). Summa Linguae also revealed adjusted EBITDA for the third quarter increased by 13.5% vs. the previous quarter to $30,300.

Summa Linguae is very active in Poland’s public procurement market but is also starting to gain some traction with the EU’s giant tender machine according to the report. The commentary further provided a breakdown of revenues for the third quarter of 2015: business with the public sector accounted for 52.2% of overall revenue. Meanwhile, 34.8% were generated from corporate clients, and subcontracted translation services from other languages services providers accounted for 11.7%. In terms of services, Summa Linguae’s translation arm generated 87.7% of the revenues this third quarter 2015, while interpretation accounted for 12.3%.

According to the company’s commentary, the results were affected by “slightly less commitment to implementing projects involving translation services” from the public sector. The commentary went on to note that a significant part of expected revenues in this space will be generated in the next quarters. Summa Linguae also said that they are focusing on increasing sales to corporate clients in order to decrease the company’s dependence on the public sector.

Advertisement

The report contained an interesting update on Summa Linguae’s ambitious acquisition plans. The company, which sees itself as a consolidator among Polish LSPs, cancelled its earnings guidance for the rest of 2015 and 2016 because of the “prolonged period within which the Issuer has been seeking to raise funds to implement the assumed measures related to the consolidation of the LSP market.”

More specifically, the company revealed that it has signed two letters of intent with two translation services vendors, which together generate annual revenues of $1.33M and EBITDA of $300,000.

In a phone call with Slator, CEO Zdanowski clarified that these two acquisitions are just a first step and can be financed through the company’s existing funds. Zdanowski’s target for 2015, however, is to add an additional $3.2M in annual revenue through acquisitions. To finance this second round of acquisitions the company is in talks with outside investors, and Zdanowski is confident that an agreement can be reached before the end of 2015.

TAGS

acquisitionsPolandQ3 2015Summa Linguae
SHARE
Florian Faes

By Florian Faes

Co-Founder of Slator. Linguist, business developer, and mountain runner. Based in the beautiful lakeside city of Zurich, Switzerland.

Advertisement

SUBSCRIBE TO THE SLATOR WEEKLY

Language Industry Intelligence
In Your Inbox. Every Friday

SUBSCRIBE

SlatorSweepSlatorPro
ResearchRFP CENTER

PUBLISH

PRESS RELEASEDIRECTORY LISTING
JOB ADEVENT LISTING

Bespoke advisory including speaking, briefings and M&A

SLATOR ADVISORY
Advertisement

Featured Reports

See all
Slator 2020 Language Industry M&A and Funding Report

Slator 2020 Language Industry M&A and Funding Report

by Slator

Slator 2021 Data-for-AI Market Report

Slator 2021 Data-for-AI Market Report

by Slator

Slator 2020 Medtech Translation and Localization Report

Slator 2020 Medtech Translation and Localization Report

by Slator

Pro Guide: Sales and Marketing for Language Service Providers

Pro Guide: Sales and Marketing for Language Service Providers

by Slator

Press Releases

See all
iDISC Awarded ISO 27001 Information Security Management Certification

iDISC Awarded ISO 27001 Information Security Management Certification

by iDISC

XTRF Launches a Bi-Monthly Free Networking Event for Localization Professionals

XTRF Launches a Bi-Monthly Free Networking Event for Localization Professionals

by XTRF

150 Million Words Translated: the German EU Council Presidency Translator Sets New Records

150 Million Words Translated: the German EU Council Presidency Translator Sets New Records

by Tilde

Upcoming Events

See All
  1. Memsource MT Post-Editing Pricing Models Webinar

    Pricing Models for MT Post-Editing Workshop

    by Memsource

    · February 3

    Hear a panel of innovative localization professionals share different approaches for MT post-editing pricing.

    More info FREE

Featured Companies

See all
Text United

Text United

Memsource

Memsource

Wordbank

Wordbank

Protranslating

Protranslating

Seprotec

Seprotec

Versacom

Versacom

SDL

SDL

Smartling

Smartling

Lingotek

Lingotek

XTM International

XTM International

Smartcat

Smartcat

Translators without Borders

Translators without Borders

STAR Group

STAR Group

memoQ Translation Technologies

memoQ Translation Technologies

Advertisement

Popular articles

Why Netflix Shut Down Its Translation Portal Hermes

Why Netflix Shut Down Its Translation Portal Hermes

by Esther Bond

The Slator 2020 Language Service Provider Index

The Slator 2020 Language Service Provider Index

by Slator

Top Language Industry Quotes of 2020

Top Language Industry Quotes of 2020

by Monica Jamieson

SlatorPod: The Weekly Language Industry Podcast

connect with us

footer logo

Slator makes business sense of the language services and technology market.

Our Company

  • Support
  • About us
  • Terms & Conditions
  • Privacy Policy

Subscribe to the Slator Weekly

Language Industry Intelligence
In Your Inbox. Every Friday

© 2021 Slator. All rights reserved.

Sign up to the Slator Weekly

Join over 13,000 subscribers and get the latest language industry intelligence every Friday

Your information will never be shared with third parties. No Spam.