Press Office

In H1 2024, the Asseco Group generated PLN 8.4 billion (EUR 1.9 billion) in revenues, of which more than PLN 6.6 billion (EUR 1.5 billion) were sales of its proprietary IT products and services. Operating profit was 4% higher than in the comparable period of 2023, at PLN 824 million (EUR 191 million), and net profit attributable to shareholders of the parent company, after a 2% increase, amounted to PLN 235 million (EUR 55 million). The Group continued its stable growth and gradually built its order backlog for the coming months.

During the reported period, the Group developed its operations both in Poland and abroad. Revenues in the Asseco Poland segment increased by 2% and amounted to PLN 992 million (EUR 230 million), mainly thanks to growing sales in the area of solutions for finance and solutions for public institutions.

The Group's performance is highly diversified, with 88% of sales coming from foreign markets represented by the Formula Systems and Asseco International segments. Sales of the Asseco International segment amounted to PLN 1.96 billion (EUR 454 million), which – excluding the effect of exchange rate differences – represents an increase of 8% compared to H1 2023. The segment saw increased sales in the payments area of the Asseco South Eastern Europe Group. Revenues of ERP solutions in the Asseco Enterprise Solutions Group also increased. The Formula Systems segment, in turn, recorded revenues of PLN 5.47 billion (EUR 1.27 billion) – excluding the effect of exchange rate differences, this represents a 6% increase versus the corresponding period in the previous year. Good results, in reporting currencies, were reported by Matrix IT and Sapiens International.

Asseco's consolidated order backlog for 2024, in the area of proprietary software and services, is now worth PLN 12.4 billion (EUR 2.9 billion). In constant exchange rates, in which the backlog for 2023 was calculated, it is 7% higher than in the same period last year.

This is a very good half-year period for Asseco. Our geographic, product and sector diversification of business and strong demand for digital solutions allow us to grow steadily. Excluding the effect of exchange rate fluctuations, our revenues grew by 6% and operating profit by 11% during this period. In addition, we are gradually building the backlog, which allows us to look ahead to the second half of 2024 with optimism. We are consistently implementing our M&A strategy. Since the beginning of 2024, 7 companies have joined the Group (3 in the first half of the year and 4 in the third quarter of 2024), operating in the markets of Israel, the US, Portugal, as well as India and the United Arab Emirates, among others – said Karolina Rzońca-Bajorek, Vice President, CFO of Asseco Poland.

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Asseco is the largest capital group in the IT industry, as well as the largest company with Polish capital selling its proprietary products and services - these are the results of the ITwiz BEST100 report. This is a ranking that presents the performance of the IT industry. Asseco once again became the leader of this ranking, taking 1st place in 9 categories.

The company has achieved its highest revenues in the sectors of the following services: maintenance, integration, cloud computing and application implementation. It is also a leading supplier to the public administration and uniformed services, banking, and large companies and enterprises.

We strive to reach out to new organizations that need modern solutions or want to modernize their systems. We are focused on long-term and comprehensive cooperation. For our existing customers, we are constantly improving existing products and creating new tools to help increase digitization. We are also open to acquisitions; we are especially interested in companies with good products that solve specific customer problems, said Rafał Kozłowski, CEO of Asseco Enterprise Solutions.

Asseco has once again been included in the list prepared by Home&Market magazine. The H&M 500 Index is a list of companies that undertake activities in line with the idea of corporate social responsibility, and ESG is a standard, not a trend, for them.

Asseco is guided by the idea of economic wisdom - paying taxes in the places where revenues are generated and caring for local communities. One of the company's key projects is the charitable "We Help" campaign, which has so far allocated more than PLN 2 million to help more than 6,000 children and 130 families.

Asseco's mission also includes secure and effective digital transformation. The company implements projects aimed at ensuring the development of societies by facilitating their access to IT solutions and services, such as in healthcare, social security, education and smart city. In addition, it promotes the idea of paperless by transferring its clients' analog processes to the digital space.

The surrounding natural environment is also a good for local communities, so Asseco cares about its protection, including reducing energy consumption and investing in renewable energy sources. It also initiates pro-environmental projects, such as flower meadows located at selected Asseco offices, which support biodiversity.

The system for data exchange and analysis (CSD EP System Client), developed by the Asseco team, received a positive result during the Coalition Combat Interoperability Exercise (CWIX). It was held in June this year at the NATO Combined Forces Training Center in Bydgoszcz and was attended by 2,500 experts who tested some 490 technological solutions.

Asseco has unveiled the Polish CSD EP System Client solution. The system enables intelligent data exchange and analysis within the NATO coalition, allowing rapid sharing of reconnaissance information such as satellite images, reports, maps and drone videos. During the exercise, it was confirmed that the Asseco solution meets NATO standards as defined in STANAG 4559 (a standardization agreement for North Atlantic Alliance member countries). In addition, it is integrated with ESRI state-of-the-art ArcGIS Pro analytical software, allowing military analysts to perform complex data searches, analysis and publication of work results within a single application. During last year's CWIX exercise, the CSD EP System Client passed verification after file data testing. This year, experts focused on testing the transmission, reception and processing of video data. They focused primarily on tasks related to streaming video data from unmanned aerial vehicles (UAVs), a key component of today's battlefield.

Polish innovation for Alliance troops

Our software provides the armies of any Alliance country with access to reconnaissance data present on NATO CSD (Coalition Shared Data) servers regardless of which CSD server the country uses, said Anna Protasowicka, Sales Director, Asseco Poland. The CSD EP System Client solution has been positively verified during the CWIX 2024 exercise for cooperation with server software from different manufacturers. This functionality sets it apart in the international market, where there are few products of this type. The integration of the CSD EP Client with analytical software allows the entire analytical process to be carried out: from searching for data, to downloading it to a workstation, to sharing the results of analytical work, she added.

Largest CWIX exercise in NATO history

The annual Coalition Combat Interoperability Exercise is designed to improve the Alliance's military capabilities. They are attended by representatives of NATO member states, including engineers, scientists and representatives of the uniformed services and suppliers to the sector. During them, solutions for information exchange in operational activities are tested and validated. This year's edition was the largest ever held. In three weeks, some 490 solutions underwent 26,000 tests.

As a result of the successful testing, our software is in high demand and we expect it to be implemented by NATO countries, Anna Protasowicka concluded.

Asseco is a recognized provider of solutions for the Polish uniformed services, operating intensively in the global market. The company has gained its previous experience, among others, in cooperation with institutions and agencies of the European Union (FRONTEX, ESA and EDA) and NATO, for which it has completed a total of more than 70 projects. Asseco meets the highest standards of both data protection and classified information protection, which is confirmed by the security certificates the company holds.

For more information, visit: https://asseco.pl/csd

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Asseco, with revenues of PLN 16.9 billion, was included in the list of "1000 largest companies in Poland" prepared by the editors of "Gazeta Finansowa". In addition, last year the company recorded a net profit of PLN 1.6 billion, the second-highest result in its more than 30-year history.

Asseco develops high-tech software for companies in key economic sectors. The company is present in nearly 60 countries around the world and employs more than 33,000 people.

I always say that our great value is our people. I am very fortunate to have a committed team with whom I work. They are experts, specialists who understand our mission, as well as our corporate culture. We started the company with three people, today there are more than 30,000 of us. These 33 years have changed us a lot, and have shown that we really can reach for the stars, however, we will not be able to do it alone, said Adam Góral.

"The 1000 Largest Companies in Poland" is a report that has appeared in the pages of "Gazeta Finansowa" for more than 20 years. It summarizes the history of Polish entrepreneurship and the many events that have shaped the market.

Polskie Sieci Elektroenergetyczne (PSE) took 1st place in the "Best Implementation of a Cloud Service in the Last 12 Months" category in the "Best in Cloud" competition organized by the Computerworld magazine. It was awarded for using Amazon Web Services (AWS) cloud resources to provide the Initial Data Migration Tool for the Central Energy Market Information System (CSIRE). The solution will benefit about 300 electricity sellers and distributors. Asseco prepared and launched the tool for PSE.

The construction of the CSIRE system requires the migration of data from about 300 electricity market participants. This is an unprecedented event in the Polish energy industry. The challenge is both the amount of data transferred to the system and the need to standardize the way it is collected and processed by many entities operating in the Polish market. This is because ultimately CSIRE will collect information from more than 19 million electricity metering points. Currently, they are located in the systems of electricity sellers and distributors.

As part of the construction of the Data Migration Tool, Asseco created specialized software using the Amazon Web Services (AWS) cloud. Technologies were implemented that ensure very high processing efficiency (which is crucial for such a large project), as well as the scalability and flexibility of the solution - efficient handling of large amounts of data and saving resources at times when business needs are minimal. The tool is compliant with current data protection regulations (GDPR) and provides a very high level of security by using the entire architecture according to the principle of minimum privileges.

The "Best in Cloud" competition promotes, among other things, the most effective ways to implement the cloud. The "Best Implementation of a Cloud Service in the Last 12 Months" category recognizes companies and public institutions that effectively use cloud technologies. The result is determined by the impact on the organization's functions, the measurable economic effect and the impact on solving the organization's significant problems.

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