BFS

Performance indicators

2022: Revenue growth 4.5 times

In 2022, the revenue of the manufacturer of Russian ATMs BFS increased 4.5 times and reached 2.6 billion rubles against 555.3 million rubles in 2021 (according to RAS). During this time, the company's net profit increased even more - by 11.5 times (from 52.8 million to 608.5 million rubles). This is evidenced by the data of Fedresurs, published in mid-April 2023.

According to Interfax with reference to these materials, the cost of sales of Banking and Financial Systems LLC (BFS) in 2022 increased more than 3.5 times - to 1.6 billion rubles from 449.6 million rubles in the previous year. Other income in 2022 increased almost 8.5 times, to 229 million rubles from 27.1 million rubles a year earlier. Other expenses increased almost 12 times, to 304 million rubles from 25.5 million rubles in 2021.

The revenue of the manufacturer of Russian ATMs BFS reached 2.6 billion rubles

BFS is part of the BFS group of companies, which was founded in 2002. According to the company's website, the BFS by April 2023 offers four models of Russian ATMs, and also sells Chinese devices. GRGBanking BFS also provides service services and develops. software

In the summer of 2022, the company announced plans to launch its own production of ATMs, which will be equipped with the Russian Elbrus processor and work on Russian software. ATMs were supposed to enter mass production in February-March 2023. It is not reported at what stage these plans are by mid-April 2023.

BFS revenues rose sharply largely due to the withdrawal of major foreign ATM manufacturers, including Diebold Nixdorf and NCR, from the Russian market. These companies stopped the supply of products and service equipment in Russia in connection with the events in Ukraine. These manufacturers were popular in Russia, ATMs of the network of some credit institutions consisted mainly of Diebold Nixdorf and NCR devices, the news agency notes.^[1]

Notes