2020 Summary

2020 was dominated by a global pandemic, recurring lockdowns, uncertainty, and the resulting necessity to review absolutely all business plans and forecasts in many industries. Sudden changes have not spared the ICT sector, so Transition Technologies PSC also had to revise its sales predictions and adapt to the new reality.

Despite difficult market conditions, the company achieved good financial results for 2020. The profit on sales reached almost PLN 8 million, while the operating profit was over PLN 2 million, compared to PLN 836,407,86 in 2019. An increase in sales revenues by 10% year-over-year constitutes proof of the TT PSC’s continuous development.

Achieving such a result was possible i.e., because of consistent development in foreign markets. As a Global Solutions Integrator, Transition Technologies PSC aims in its strategy to diversify operational areas. At the same time, the company develops its portfolio of services and adapts it to the needs of business and industry digitization in various geographic areas. In 2020, TT PSC delivered over 340 projects for clients around the world and opened another branch abroad – Transition Technologies PSC Germany GmbH based in Munich.

“We firmly believe in significantly improving market conditions over the period ahead. We are also convinced that digitization, modern solutions, and information technologies are a remedy for new challenges related to remote work, remote business, and other limitations resulting from the pandemic. To seize this opportunity and ensure the capabilities for further dynamic growth, we need an even stronger, constantly developing international team. We closed the year with almost 600 people on board, and the first months of 2021 clearly indicate that employment growth will continue accelerating this year. ” – Szymon Bartkowiak, CEO