The succession to the CEO’s chair marks the end of the multi-industry transformation of the K2 Group into the technology-based Fabrity Group, focused around the rapidly growing software house. Investors can expect another high dividend.
– The sale of marketing companies concludes the transformation project of the K2 Group (today the Fabrity Group). Naturally, this is also the end of my mission within the Group. I am proud of the results we achieved, not only financial and the return for shareholders, but also the fact that we authentically developed all the businesses belonging to the group – emphasises Paweł Wujec, the outgoing CEO of Fabrity Holding at the end of October, who will then move onto the Supervisory Board.
Paweł Wujec has been leading the stock exchange company Fabrity Holding (previously K2 Holding) since February 2020. From November, his role will be taken up by Tomasz Burczyński, the president of the subsidiary Fabrity, who has also been a member of the board of the holding company since September 2022. Artur Piątek, the vice-president, will also remain on the Fabrity Holding board.
Under the leadership of CEO Paweł Wujec, the group successfully developed all areas of business activity. The cloud business (the subsidiary Oktawave sold to Netii of the Polsat Plus Group in June 2022) and the marketing business (subsidiaries Agencja K2 and K2 Precise bought by the international Altavia Group in September this year) reached industry investors, the growth of the software house Fabrity is dynamic, and the start-up PerfectBot is developing its wings using AI/GPT technology.
Already now, investors have big reasons to be satisfied. The return on investment for the broad stock market in Poland (WIG) since February 2020 is +13%, that is, 1 PLN invested at the end of January 2020 is 1.13 PLN today. However, for K2/Fabrity shares the return on investment (including dividends) in this period is approximately +470%. This means that 1 PLN invested just over 3.5 years ago is now worth 5.7 PLN.
– From the beginning, we agreed with Paweł Wujec on the implementation of a 3-year plan, all the goals of which we managed to achieve with a surplus. I think that all shareholders of the former K2 Holding, like me, are very pleased with Paweł’s mission. His decision to take on further challenges outside the company, now strictly from the IT sector, is understandable to us – says Janusz Żebrowski, Chairman of the Supervisory Board of Fabrity Holding.
Tomasz Burczyński has been associated with the Company since 2003, he co-created the software business and manages it.
– We have been planning the succession for a long time. I’m glad that Tomek will be my successor – you could hardly dream of a more competent leader for a software company – Paweł Wujec declares.
– Our position in the software business is largely due to the skills and determination of Tomasz Burczyński, who has been developing the IT services division in the Group under the Fabrity brand for over 20 years. His new role is a natural consequence of past successes – indicates Janusz Żebrowski.
The new CEO has been preparing for this role for over a year, holding the position of Vice-President of Fabrity Holding. – Today, a new chapter in the history of the group begins, in which we will focus entirely on the development of the software business – says Tomasz Burczyński. – Ahead of us are many interesting challenges: in the coming months we want to finalize the assumptions of our strategy and communicate them to the team and investors. Our main goal will be to increase the value of the company, not only from the perspective of investors, but also employees and customers. For us, this is a synonym of sustainable growth, and we believe it is also a source of real success in business – he adds.
Before announcing the new strategy, the board of Fabrity Holding will inform about the possible ways of distributing funds from the sale of marketing companies. – We maintain that we want to transfer most of the proceeds to shareholders. We are currently conducting consultations in this area. We will provide more information soon – says the Vice-President of Fabrity Holding Artur Piątek
