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Asseco was included in the ranking "Europe 500 - The most valuable and strongest European brands" prepared by Brand Finance. A total of 5 Polish organizations appeared in the list of 500 companies. Asseco is the only Polish technology brand in this group.

Asseco is the largest producer of software in Central and Eastern Europe. Last year it generated record-high revenues of over PLN 12 billion. This result was possible thanks to a consistently implemented strategy of growth and sector diversification of our business. The company also focuses on foreign markets, where it generated nearly 90 percent of its revenues. It is present in 60 countries and employs 28 thousand people.

In 2021 Asseco was also recognized on the domestic market, where it took the first place in the ranking of the most valuable Polish brands in the ICT and new technologies sector, prepared by the editors of the Rzeczpospolita daily. The Asseco brand was valued in this ranking at nearly PLN 1.5 billion.

"Europe 500 - The most valuable and strongest European brands" is an annual list prepared by the consulting firm Brand Finance.

Asseco, another year in a row, is the largest IT capital group operating in Poland, being the domestic leader in digitization. The company won in total in 5 categories of this year's edition of Computerworld Top200 report, which means that it again is the leader in the largest number of categories.

Asseco generated record revenues of over PLN 12 billion in 2020, up by 14 percent year on year. Such result once again ensured it the first place in the category of the "Largest IT capital groups operating in Poland - Leaders of digitization in Poland". The company is also invariably the largest provider of IT solutions and services for the public administration sector and uniformed services, as well as for large companies and enterprises. It also maintained its position as the largest provider of maintenance services. Owing to its intensive development, the company was also ranked 1st among the largest providers of custom software, 2nd among the largest providers of integration services, and 3rd among the largest providers of IT services, solutions and IT services for the telecommunications sector. Asseco is also among the top companies with the highest net profit, R&D spending, as well as those providing integration services and working with the healthcare sector.

Asseco in the Computerworld TOP200 ranking:

Asseco took the first place in the ranking of the most valuable Polish brands in the ICT and new technologies sector, prepared by the editorial team of the Rzeczpospolita daily. The Asseco brand is valued at nearly PLN 1.5 billion. The company is the largest software producer in Central and Eastern Europe. It started its operations thirty years ago as a start-up of a few people. Today, the Asseco Group consists of a team of over 28 thousand employees in 60 countries worldwide.

Last year Asseco generated record revenues of PLN 12.2 billion and its operating profit amounted to PLN 1.2 billion. The company focuses on sector diversification and intensively develops its business on foreign markets, where it recorded 88 percent of its sales.

The ranking of brands prepared by the editors of the Rzeczpospolita daily is a comparison of value of one of the intangible assets of companies, which has an increasing influence on their valuations.

In the first quarter of 2021, Asseco generated over PLN 3.3 billion in sales revenues, which marked an increase by 14% versus the corresponding period in the previous year. The sales of proprietary IT products and services amounted to PLN 2.6 billion, accounting for 78% of total revenues. Consolidated operating profit increased by 29% and amounted to PLN 323 million. Net profit attributable to shareholders of the parent company amounted to PLN 102 million, which is 25% higher than in Q1 2020. The Company continued to grow organically and through acquisitions.

After three months of this year, non-IFRS operating profit amounted to PLN 399 million and was higher by 26%, while non-IFRS net profit, after a 23% increase, stood at PLN 116 million.

After Q1 2021, the Group improved performance in all operating segments. This was possible thanks to the consistently implemented growth strategy and the continued dynamic growth of digitization in all sectors of the economy. In our Formula Systems segment, sales revenues increased by 16% to PLN 2.2 billion, while operating profit improved by 31% to PLN 167 million. The Asseco International segment's sales revenues increased by 9% to PLN 819 million, while its operating profit improved by 21% to PLN 98 million. The Asseco Poland segment generated PLN 367 million in sales revenues, growing by 18% as compared with the corresponding period last year, while its operating profit improved by 38% to PLN 59 million. The foreign markets represented by the Formula Systems and Asseco International segments accounted for 89% of the Group's sales revenues.

Asseco's revenues are well diversified by sectors. After Q1 2021, they are as follows: general business - 41%, banking and finance - 34% and public institutions - 25%.

Asseco's consolidated order book for 2021 in the area of software and proprietary services is now worth PLN 8.6 billion and is 14% higher than in the same period last year.

This was a very good quarter for us. We achieved satisfactory growth of results in all segments and sectors of our operations. We consistently pursue our strategy of geographical, sectoral and product diversification of business, which brings measurable effects. The accelerated digitization of business processes in companies and institutions is no longer just a result of the pandemic, but has become a permanent development strategy for many organizations. We observe an increased interest among our customers in, among others, security and trust services and ERP solutions. This translates into an increase in our order portfolio and allows for greater optimism in achieving our goals for this year. We continue our organic growth based on sales of our proprietary software and related services, as well as through acquisitions. During the first three months of this year we were joined by four new companies, strengthening our position on international markets - said Karolina Rzońca-Bajorek, Vice President of the Management Board responsible for financial matters at 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).

Poland's largest software producer was ranked 3rd in the "Polish Ambassadors 2021" list prepared by the editors of the Wprost weekly. The company is present in 60 countries, and foreign sales accounted for 88% of the Asseco Group's revenues, which totaled more than PLN 12 billion.

The position on the podium is up one place from last year's ranking. Asseco has been consistently strengthening its position in foreign markets. In 2020, the Group added 15 new companies in Europe, Israel and the US. The company develops IT solutions for organizations in almost all sectors of the economy and employs 28,000 people on five continents.

Wspólna Platforma Informatyczna (WPI – the Common Information Platform) was awarded in the 1st edition of the "Cooperative Technology of the Year 2020" competition in the "Comprehensive solution of IT companies dedicated to cooperative banking" category. The competition was organized by the Polish Bank Association and the Center for Banking Law and Information. The solution has already been implemented in the Cooperative Bank in Płońsk and Lubaczów.

WPI is a project implemented in a SaaS model. The solution is dedicated to all cooperative banks, but provides each of them with the autonomy to conduct business. In addition, it minimizes investment costs on the customer side. When deciding to implement WPI, the bank does not bear the risk of financial failure of the project, as this element is taken on by Asseco. WPI is an implementation of the Asseco BooX solution dedicated to cooperative banks. This is the first solution of its kind in Poland, which contains everything a modern financial institution needs. This solution has been already launched at the Cooperative Bank in Płońsk and Lubaczów.

For a cooperative bank, WPI means the elimination of investments and the predictability of costs. This is because the platform is available in a SaaS model, which brilliantly reduces the costs associated with having separate infrastructure and resources to maintain them. Asseco takes over responsibility for hardware infrastructure, server room maintenance, software licenses and updates, as well as activities such as day/month/year closures. Within a single subscription fee, the cooperative banks in Płońsk and Lubaczów received everything necessary for the day-to-day operation and development of a modern financial institution. Thus, the banks' new offerings can be implemented faster, and the commonality helps not only to meet regulatory obligations, but also to reduce costs, said Andrzej Nowakowski, Director of the Cooperative Banks Division, Asseco Poland.

The award was received on behalf of Asseco by Zbigniew Pomianek, Vice President of the Management Board of Asseco Poland, during the Cooperative Banking Technology Forum. He emphasized the great importance of the teams working on this project.

I would like to thank very much the management boards of the banks in Płońsk and Lubaczów for deciding to implement this solution, and, above all, the teams of these organizations for their cooperation in this initiative, said the representative of Asseco. As part of the joint effort, we transferred virtually all of the banks' systems to Asseco's cloud solutions. This required great commitment from the project participants, which resulted in the success of this endeavor at both institutions, he added.

The purpose of the "Cooperative Technology of the Year 2020" competition, in which cooperative banks, banking groups and IT companies took part, is, among other things, to promote unique solutions that can be used by cooperative banks within the framework of available technologies and solutions developed by IT companies. Among the winners of the competition was the Wschowa Cooperative Bank, which uses solutions from Asseco, and was awarded in the category "IT team in cooperative banking."

For more information about WPI, please see: https://wpi.asseco.com/