14.09.2017

Founders of LiveChat Software invest in company stock

The founders and managers of LiveChat Software have bought back some of the shares offered for sale by a financial investor. Chief Executive Mariusz Cieply, Chairman of Supervisory Board Maciej Jarzebowski and Supervisory Board Member Jakub Sitarz have purchased a total of 30.000 shares, paying PLN 45 apiece.

On Tuesday, Copernicus Capital Towarzystwo Funduszy Inwestycyjnych S.A., a mutual fund manager, notified LiveChat Software that two of its shareholders have launched an accelerated book-building process in order to execute a block trade.

„We would like to give our thanks to shareholders who were with us even before LiveChat Software became a public company. For the three of us, LiveChat is a project in which we are very deeply involved. That is why we have used this opportunity to acquire additional shares of our company. Ahead of us are numerous interesting challenges, on which we would now like to focus,” CEO Mariusz Cieply said.

LiveChat Software is controlled by a shareholders’ consortium which includes the founders and key managers. None of them took part in the recent sale and the consortium controls shares representing a combined 47% stake of LiveChat Software.

As of September 1, LiveChat Software had almost 21.500 clients from around 150 countries worldwide. LiveChat solution is being used by companies from virtually all industries, including Sony Mobile, Stripe, Hulu, BenQ, Orange, Adobe, Samsung, Pizza Hut, Ryanair, Macy’s, PBS, NetApp and numerous others, public institutions, including the US State Department, universities, such as Stanford and even sports clubs, including Tottenham Hotspur and the Vancouver Canucks. North America remains the key market for the company and the US alone accounts for over 50% of its client base.

LiveChat solution makes it possible to contact users visiting client’s website and contains various features supporting the sales or customer service departments, as well as analytical tools.

In 1Q of the year 2017/2018, which begun on April 1, LiveChat Software reported consolidated sales of PLN 21.59 mln, a 30.2% increase year-on-year. Net profit totaled PLN 11.07 m and was up by 21% compared to the year before.
EBIT in the April to July period rose by 22.3% to PLN 13.74 m and EBITDA by 23.3% to PLN 14.29 m. EBITDA margin in 1Q has reached 66.2%, operating margin 63.7% and net margin 51.3%.

About the company

LiveChat Software S.A. is a provider of software for direct online communications between website owner and its users. The company is offering its services in a SaaS model, which makes it possible for people with no programming experience to install the LiveChat service in just a few minutes. Services are offered via www.livechatinc.com website. LiveChat Software has over 21.000 clients in over 150 countries and generates most of its sales in the US and the UK. It offers services to clients such as Orange, Adobe, Samsung, Tele2, NetApp, Kaspersky Lab, Macy’s, Pizza Hut, PBS, Ryanair and Air Asia. It is one of global leaders of live chat type software. On April 11, 2014, the company listed its shares on the main market of the Warsaw Stock Exchange and in November 2015 its market cap topped PLN 1 bn.