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Asseco is the largest Capital Group in Podkarpacie, with revenues of PLN 17.4 billion and consolidated operating profit of PLN 1.8 billion in 2022. Coming from the region, Asseco Poland remained at the top of the "Golden Hundred Companies of Podkarpacie" ranking prepared by the editors of the "Nowiny" daily. For another year in a row, among others, it became the leader of Podkarpacie-based companies listed on the Warsaw Stock Exchange.

Asseco Poland ranked 1st for the 17th time in the category of "Listed companies of the Podkarpacie region by capitalization." In turn, the 2nd position was maintained by another Asseco Group company, Asseco South Eastern Europe, which is the largest entity in Central and Eastern Europe in terms of sales of proprietary software and services.

Asseco Poland also ranked among Podkarpacie’s largest companies by net profit, net sales profitability and employment. Asseco Poland alone employs more than 2.4 thousand people. In turn, on a Group-wide basis, the amount of employment is about 33 thousand people.

Asseco Group

Asseco is a leader in digitization in Poland* and the largest IT company in the Central and Eastern European region. For more than 30 years it has been developing technologically advanced software for companies in key sectors of the economy. The company is present in more than 60 countries around the world and employs nearly 33,000 people. It is growing organically as well as through acquisitions, of which it has made more than 130 since 2004. Asseco companies are listed on the Warsaw Stock Exchange (WSE), NASDAQ and the Tel Aviv Stock Exchange.

Asseco Poland, Asseco Business Solutions and Asseco South Eastern Europe were again ranked among the "Largest Polish Private Dividend Companies" by Forbes magazine. In total, they paid out more than PLN 440 million to their shareholders.

Asseco's companies consistently build shareholder value and share the profit they earn with shareholders. This year, Asseco Poland paid PLN 291 million in dividends for 2022, or PLN 3.50 per share. In turn, Asseco Business Solutions and Asseco South Eastern Europe transferred PLN 77 million and PLN 76 million to their shareholders, respectively.

The BSGo Junior mobile application designed for young people is very popular with both cooperative banks and their customers. Parents of young users appreciate the financial learning tool for their children, which at the same time offers the possibility to discreetly monitor their activities. Teens, on the other hand, are eager to use the BLIK mobile payments, the function to manage their finances and the educational materials available in the app.

Young people also appreciate BSGo Junior for its intuitive and attractive user interface. The app is easy to use, featuring a simple and minimalist design and clear layout.

BSGo Junior can be used comfortably on various devices: smartphones, tablets or computers (in addition to the mobile app, there is also a desktop version available online).

Out of the 20 cooperative banks that have joined the implementation of BSGo Junior, 7 have already made the service available to their customers. Users from Skierniewice, Brodnica and Barlinek, among others, are the first to take advantage of the application for young users (the app is available under the name "GBSBank Na Start").

New app for children - BSGo Kids - will soon join BSGo Family

Asseco, a leading provider of technology solutions for the financial sector, will soon launch a new application for children called "BSGo Kids." This solution will complement Asseco's family of mobile products, thus addressing the needs of users of all ages. This will enable cooperative banks to provide comprehensive personalized mobile banking solutions for all customers: from children to teenagers to adults.

One of the key and unique strengths of the Asseco mobile app is its ability to automatically adapt to the age of the user. This means that when a child turns 13, the BSGo Kids app will automatically transform into a "Junior" version, and then when the user reaches the age of majority, it will provide the complete functionality of the adult app.

The solution does not require any additional action on the part of the user, including the installation of a new application from the BSGo family. Parents can rest assured, knowing that their children will have access to the right tools and content that grows up with the user. The information appearing in the app helps young customers learn about the world of finance and makes them more informed consumers.

„The flexibility and automatic adaptation of the application to the age of the user is another step towards creating even more user-friendly, educational financial tools. It's also an excellent example of how modern technology is helping to build the image of cooperative banks as modern organizations that respond efficiently to the changing needs of customers of all ages. Thanks to technology, they are able to provide personalized and efficient service to all users,” – mówi said Joanna Wijata-Siedlecka, WPI Program Director, Asseco Poland „Innovative approaches to providing financial tools from an early age can help increase the number of more financially aware and responsible consumers in the future. However, it should not be forgotten that they must provide an excellent user experience and guarantee a high level of security”.

Asseco has once again been included in the IDC FinTech Rankings Enterprise Top 50, the only Polish company to qualify in this category. The Asseco Group's sales to the financial sector in 2022 exceeded PLN 5.7 billion, accounting for more than 30 percent of its total revenues.

Asseco's offerings include central banking systems, as well as omnichannel and mobile solutions that respond to the latest trends in the global financial market. Thanks to its experience and competence, the company has implemented its core banking solutions in several hundred banks. It is a leading IT provider to the banking sector in Poland and operates in many European countries, as well as in Israel and the African market.

The Asseco Group also cooperates with large international insurance companies. Sapiens International, the Group's competence center for insurance, is a leading global provider of software for this sector. In addition, Asseco offers comprehensive IT solutions to support the work of brokerage houses, leasing and factoring companies.

We have been consistently pursuing our strategy based on the development of our proprietary software and related services, as well as strong geographic, sector and product diversification. 2022 was a record year for us in terms of sales. Indeed, the international nature of our organization and its federated structure allow us to compete effectively in foreign markets, while maintaining the local and flexible approach so necessary for our customers, concluded Adam Góral, President of Asseco Poland.

The companies highlighted in the IDC FinTech Rankings are the organizations most involved in the digitization of financial services institutions. Through them, they are implementing technological innovations that increase efficiency and enhance the level of service to their customers, which is crucial in the realities of the digital economy.

IDC has been compiling FinTech rankings for the past twenty years and in its list of the top 150 providers it includes a representation of the world's largest FinTechs, said Marc DeCastro, research director at IDC. The technology companies on this list provide the innovative solutions needed to digitize financial services at the highest level, he added.

The "IDC FinTech Rankings" report covers providers of technology solutions (hardware, software and services) for banking, insurance, capital market and fintechs supporting these sectors. The main criterion for the list was the amount of revenues achieved in these areas.

The founder of the Asseco Group has been awarded for his contribution to the development of the ICT industry in Poland. Asseco is the leader of digitization in Poland and the largest IT company in the Central and Eastern European region. For more than 30 years it has been creating technologically advanced software for companies in key sectors of the economy.

Adam Góral believed that the future of IT was software. In the first years of his business, he focused on intensive development in Poland, the turning point of which was Asseco Poland's IPO on the Warsaw Stock Exchange (WSE) in 2004. This helped him to raise capital that enabled the company to grow further and expand abroad. It is how the project of building the Asseco Group began - an international federation of companies, an alternative to large IT corporations.

Team strength

As Adam Góral stated when receiving the award granted by the Polish Chamber of Information Technology and Telecommunications (PIIT), what Asseco achieved was greatly affected by the entire team, who, like him, believed that the chosen course of action was the key to success, which is why, in his opinion, this award is for all the company's employees.

Asseco's CEO continues to consistently develop the Group, proving the uniqueness of Polish solutions and IT experts on a global scale. Today, Asseco is present in more than 60 countries around the world and employs nearly 33,000 people. It has been growing organically as well as through acquisitions, of which it has made more than 130 since 2004. Asseco companies are listed on the Warsaw Stock Exchange (WSE), NASDAQ and the Tel Aviv Stock Exchange. Adam Góral has managed to create a stable company that has been creating value for its shareholders for years. In 2022, the Asseco Group's revenues reached PLN 17.4 billion, 90% of which came from international operations. In turn, operating profit for the period amounted to PLN 1.8 billion.

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30th Anniversary Award

PIIT has been awarding its prize for many years, the purpose of which is to identify and recognize outstanding experts who have made a special contribution to the development of the ICT environment in Poland. This year, on the occasion of the jubilee of the Polish Chamber of Information Technology and Telecommunications, a special award was granted - the 30th Anniversary Award of PIIT.

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In the first half of 2023, the Asseco Group's revenues exceeded PLN 8.5 billion (EUR 1.8 billion), which marked an increase by 3% versus the corresponding period in the previous year. Proprietary software and related services accounted for 79% of this amount - more than PLN 6.7 billion (EUR 1.5 billion). In turn, operating profit reached PLN 793 million (EUR 172 million), while net profit attributable to shareholders of the parent company stood at PLN 231 million (EUR 50 million).

For the assessment of the financial situation and development of the Asseco Group's business activities, the basic data published in non-IFRS* terms is an important piece of information. During the first six months of 2023, the Asseco Group generated PLN 982 million (EUR 213 million) in non-IFRS* operating profit, up 2% versus the first half of 2022. In turn, non-IFRS net profit attributable to Asseco Poland’s shareholders totaled PLN 260 million (EUR 56 million).

Asseco's revenues remain very well diversified by sectors. In H1 2023, they were distributed as follows: general business - 42%, finance and banking - 34% and public institutions - 24%. The Group recorded sales increases in each of these areas. In the public institutions sector, revenues increased by 6%, in finance and banking the increase was 3%, and in the general business sector it reached 2%. Asseco has a diversified customer portfolio - the 10 largest contractors accounted for 11% of the Group's revenues, while the largest customer was responsible for 2%.

Sales growth in Poland and strong position on foreign markets

A very good half-year period was recorded by Asseco Poland. Revenues in this segment increased by 16% in H1 2023 to PLN 971 million (EUR 210 million). Foreign markets represented by the Formula Systems and Asseco International segments accounted for 89% of the Group's total sales. The Formula Systems segment recorded PLN 5.6 billion (EUR 1.2 billion) in revenues, which marked a 3% increase versus the first six months of 2022. Sales of the Asseco International segment were comparable to the same period a year earlier and reached PLN 1.9 billion (EUR 421 million). During the period under review, the Asseco Group’s companies finalized three acquisitions on the Israeli market, strengthening their position in the area of cyber security and expanding their offerings with more IT solutions and services.

"Asseco's continued growth in a volatile business environment was possible thanks to strong sector, product and geographic diversification. We are pleased with the very good results in the Asseco Poland segment, where revenues grew at a double-digit rate. In the first half of the year, we observed dynamic sales growth in the areas of finance and banking, healthcare, energy and telecommunications. Revenues from the general business sector grew by 29% in Poland, and from finance and banking by 28%. Our revenues grew dynamically at Asseco Data Systems companies, including in the areas of trust services, and at Asseco Cloud, which generated sales in the first half of the year that were over 30% higher than in the corresponding period in the previous year" - said Karolina Rzońca-Bajorek, Vice President, CFO of Asseco Poland. "In the case of international markets and the Asseco International segment, we are very pleased with the sales of ERP solutions. The Asseco South Eastern Europe Group increased its scale of operations in all segments. Formula Systems companies have been successively acquiring new contracts and winning customers in Israel, North America and Europe" – added Asseco Poland’s CFO.

Asseco's consolidated order backlog for 2023 in variable exchange rates, in the area of proprietary software and services, is now worth PLN 12.2 billion (EUR 2.7 billion). In fixed exchange rates, it amounts to PLN 13.4 billion (EUR 2.9 billion) and is 7% higher than in the corresponding period last year.

* The non-IFRS recognition includes adjustments for the cost of amortization of intangible assets recognized in purchase price allocation (PPA), the costs of share-based payment transactions with employees (SBP), the revenues and costs related to company acquisitions/sales and one-off events (and related tax effects).