Press Office

On September 1, Asseco launched an image and product campaign on TV targeting new and existing customers and employees. Asseco is a leader in digitization in Poland* and wants to reach a wide audience with this message. To this end, it began, among other things, broadcasting an advertising spot portraying it as a technology company open to innovation.

Since the beginning of September, we have been running an advertising campaign on TV. This is our absolute debut with advertising in this communication channel. The campaign focuses on two of our rapidly growing products – the SimplySign electronic signature and the ERP solutions, said Artur Wiza, Vice President of Asseco Poland.

The commercial is aired mainly in prime time on channels from the Polsat, TVN and TVP groups. In addition, Asseco has become a sponsor of sports news, displayed after the main editions of news services.

Asseco is a leader in digitization in Poland and the largest IT company in the Central and Eastern European region. For 30 years it has been developing technologically advanced software for companies in key economic sectors. The company is present in 60 countries around the world and employs about 29,000 people. It has been growing organically as well as through acquisitions, of which it has made more than 100 since 2004. Asseco companies are listed on the Warsaw Stock Exchange (WSE), NASDAQ and the Tel Aviv Stock Exchange.

*according to the Computerworld TOP200 report for 2020.

In the first half of 2021, Asseco generated sales revenues of PLN 6.8 billion, which marked an increase by 18% year on year. The sales of proprietary IT products and services amounted to PLN 5.3 billion, representing 78% of total revenues. The consolidated operating profit increased by 21% and amounted to PLN 672 million. Net profit attributable to shareholders of the parent company amounted to PLN 242 million, increasing by 37%. The Group strengthened in all segments and sectors of its operations, recording double-digit increases in its results.

After H1 2021, non-IFRS operating profit amounted to PLN 826 million, up by 22%, and non-IFRS net profit, after a 24% increase, reached PLN 249 million.

The Asseco Group consistently pursued its development strategy while responding to the increasing market demand for digitization of business processes of companies and institutions. This enabled the Group to achieve double-digit increases in revenues and profits across all of its business segments and sectors.

In the Formula Systems segment, during the first 6 months of 2021, sales increased by 20% to PLN 4.4 billion, while operating profit improved by 18% to PLN 339 million. Sales revenues of the Asseco International segment reached PLN 1.7 billion, reflecting a 12% increase, while its operating profit increased by 15% to PLN 199 million. The Asseco Poland segment generated PLN 751 million in sales revenues or 17% more than in the corresponding period last year; whereas, its operating profit improved by 45% to PLN 137 million. Foreign markets, represented by the Formula Systems and Asseco International segments, together accounted for 89% of the Group's revenues.

In the first half of 2021, the Group increased its sales to the sectors of general business and public institutions by 22%; whereas, revenues from the banking and finance sector increased by 10%. Asseco's revenues are well diversified by sectors. In the reported period, general business accounted for 41% of sales, banking and finance for 34%, and public institutions for 25%.

In Q2 2021 alone, the Group recorded sales revenues of PLN 3.5 billion, which marked an increase of 21%. Operating profit increased by 15% and amounted to PLN 349 million, and net profit attributable to shareholders of the parent company amounted to PLN 139 million.

Asseco's consolidated order backlog for 2021 in the areas of proprietary software and services is currently worth over PLN 10.1 billion and is 16% higher than in the same period last year.

We had a very good half-year. Double-digit increases in results in all segments and sectors of our operations, while maintaining profitability, are a source of great satisfaction. Geographical, sector and product diversification of our business brings measurable effects. We are growing organically as well as through acquisitions. During the first 6 months of 2021, 11 new companies joined the Group, strengthening our position on foreign markets. As digitization of business processes has become the answer to many challenges faced by companies and institutions today, we observe increased demand for our solutions and services, which is confirmed by double-digit growth of the Asseco's order backlog for 2021 in each of our operating segments. This allows us to look at the second half of the year with optimism – said Karolina Rzońca-Bajorek, Vice President of the Management Board of Asseco Poland.

* Non-IFRS figures including adjustments for: the cost of amortization of intangible assets recognized under the combination settlement (PPA), the costs of share-based payment transactions with employees (SBP), the costs and financial revenues resulting from the transactions of purchase and sales of companies (M&A) and tax effects associated with them).

The objective of the cooperation between Asseco Poland and BPS Bank is to implement a new central system, e-banking and a mobile application. Some of the Bank's IT systems will be moved to the cloud, while the Bank's Clients will gain modern solutions for everyday operation.

The signed agreement provides for the implementation of a new central banking system (including a main transaction system and a data warehouse) and its operation using Asseco's data processing centres. The changes will also include a new-generation Internet banking system for retail and corporate clients and a mobile application.

The changes we are making at BPS Bank are aimed not only at implementing modern technologies for retail and business customers, but also at providing increasingly better services to affiliated cooperative banks. Due to the challenging economic environment, we must also look for cost optimizations - says Artur Adamczyk, President of the Management Board, Bank BPS. Therefore, we have decided to implement a new core system. The selected vendor, Asseco Poland, knows the BPS Association and its business needs very well; it has been operating in the cooperative banking sector for years, providing services to a considerable part of our Association. Therefore, we will be able to take advantage of a number of ready-to-use solutions offered by Asseco. This will shorten the time of planned implementation and reduce its costs. The new central system will allow us to enter a new stage of technological development and will improve the operations of the entire Bank. At the same time, I believe that it will be a stimulus for all the Cooperative Banks in our Association to accelerate the digitization processes.

We are extremely pleased that Bank Polskiej Spółdzielczości (BPS), on the occasion of our 30th anniversary, has chosen Asseco Poland to provide its key IT solutions for the coming years. This confirms that our investments in functionality, technology, security and the subscription model of software delivery have met the expectations of our demanding client. The agreement signed means the extension of our cooperation with Bank Polskiej Spółdzielczości (BPS) for another 10 years, which is so important for us, and thereby reinforces the Asseco's position in our key sector of cooperative banks, says Zbigniew Pomianek, Vice President of the Management Board of Asseco Poland.  

The agreement was signed for a period of 10 years with an option to extend.

In accordance with Rule 1.2 of the Code of Best Practice for WSE Listed Companies 2021 ("DPSN 2021"):

"Companies make available their financial results compiled in periodic reports as soon as possible after the end of each reporting period; should that not be feasible for substantial reasons, companies publish at least preliminary financial estimates as soon as possible."

and with reference to DPSN 2021 Rule 1.1:

"Companies maintain efficient communications with capital market participants and provide fair information about matters that concern them. For that purpose, companies use diverse tools and forms of communication, including in particular the corporate website where they publish all information relevant for investors."

the application of which the Company declared in its Regulatory Filing EBI No. 1/2021 of July 30, 2021 "Information on the Company's compliance with the principles set forth in the Code of Best Practice for WSE Listed Companies 2021", the Company informs that the estimated consolidated net profit attributable to shareholders of the Parent Company of the Asseco Poland Group for the first half of 2021 amounts to PLN 240.6 million, of which PLN 138.2 million is represented by the net profit for the second quarter of 2021 alone.

At the same time, the Company stipulates that the given value is an estimate and may still be subject to change.

The consolidated report of the Asseco Poland Group for the first half of 2021 will be subject to a review by certified auditors, which might result in a revision of the achieved financial results. The Company will disclose the final value of net profit in the consolidated report for the first half of 2021 which will be published on August 25, 2021.

In the opinion of the Company, the information on the amount of the estimated net result for the first half of 2021 does not constitute confidential information within the meaning of Article 7 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (MAR).

Asseco has maintained its strong position in the "ITWiz Best100" ranking of the largest IT companies in Poland. The company generated record-high revenues in excess of PLN 12 billion in 2020, making it the largest capital group included in the list. In addition, for another consecutive year, it took the first place in the categories of companies with the highest sales to the public administration and uniformed services sector, large companies, as well as maintenance and integration services.

­We aim to maintain our leading position in the ­sectors of strategic importance to Asseco: banking, insurance, power industry, telecommunications, healthcare, and public administration. We continue to focus on further development of ­our proprietary products and services. Apart from sector solutions, we will also reinforce our position in ERP systems, payments, and ­trust services. We have been also investing in the development of cloud products and cyber security ­services. We will ­also continue to grow ­through acquisitions and strengthen our competence in individual sectors, said Adam Góral, President of Asseco Poland.

Asseco was recognized by IBM Polska for its long-term cooperation and received the title of the 30th Anniversary Partner. In addition, Poland's largest IT company was recognized in the "Largest Project" category for the migration of the Asseco Utility Management Solutions (AUMS) Client Portal application to the IBM Cloud.

Thank you for recognizing Polish products, for doing everything to promote them on foreign markets - said Adam Góral, President of the Management Board of Asseco Poland, while receiving the award in the category of the 30th Anniversary Partner of IBM Polska during the Partner Gala - IBM Business Partner Academy.

Asseco also received an award for the application migration to containers using IBM Cloud Pak.

I would like to strongly emphasize the unique form of cooperation where the AUMS Customer Portal solution was moved to the cloud. This solution enables consumers of electricity, gas and other utilities to monitor their consumption, report complaints, as well as analyze their bills in one place - the customer portal, said Paweł Piwowar, Vice President of the Management Board of Asseco Poland.

The migration to the cloud of products intended as an interface for the end user is of particular importance. After all, not only the success of an implementation project but also the image of a company depends on the reliability of a system's operation, its availability or ease of integration with the operator's systems. Moving AUMS Portal to the IBM Cloud enabled use of cloud architectural patterns from IBM, containerization technology in front-end solutions, container management tools such as Openshift, and use of other new solutions in the area of databases or API, in which IBM supports its partners.

The AUMS Customer Portal in the cloud model will have many industry applications, e.g. in the power industry as an electronic customer service office or as a platform for the exchange of measurement data. The solution will be sold in the SaaS model.