NetArt Group closed the year 2024 with a net profit of nearly €20 million, strengthening its position as the largest private provider of modern cloud services in Central and Eastern Europe. Specializing in delivering PaaS and SaaS solutions, NetArt Group continues to grow steadily at a rate exceeding 20%, and its profits have tripled over the past five years.
NetArt Group Maintains Dynamic Growth
NetArt Group’s net profit of nearly €20 million is the result of rapid expansion in the cloud services sector, dynamically increasing sales, and high operational efficiency. The reported result includes the financial data of all NetArt Group subsidiaries, including brands such as nazwa.pl and netart.com. It is worth noting that the presented figure has been adjusted for one-off events and incorporates the performance of four companies acquired in 2024, regardless of the date of transaction finalization.
„We are consistently expanding our service portfolio and investing in future-ready technologies. The high net profit achieved in 2024 is clear evidence that our chosen strategic direction is delivering tangible results – both for NetArt Group and for our customers, who gain access to the most advanced solutions on the market.” – said Krzysztof Cebrat, CEO of nazwa.pl.
The results of the past five years confirm consistent profitability growth, further solidifying NetArt Group’s position as the largest private provider of modern cloud services in Central and Eastern Europe.
NetArt Group Compared to the Competition
One of the most reliable indicators used to compare competing companies is the operating profit (EBIT).
By analyzing the 2024 financial statements submitted to the Polish National Court Register (KRS) by the home.pl and cyberfolks.pl capital groups, it is possible to estimate the operating profit generated by each from providing hosting services in the Polish market. The data shows that NetArt Group’s operating profit exceeded the combined operating profits of these two hosting providers.
Future-focused investments
In the coming years, NetArt Group plans further acquisitions in the Central and Eastern European markets exceeding €250 million. The Group is working with PwC as its transaction advisor, with the strategic goal of tripling EBITDA by 2029. The results for 2024 confirm that NetArt Group has not only the scale but also the momentum to effectively compete with global players, while maintaining a unique operating model based on innovation, local presence, and full control over its development direction.
