Press Office

Asseco was ranked 26th in the ranking of 2000 largest Polish companies prepared by the editors of the Rzeczpospolita daily. In 2019, the company achieved revenues in excess of PLN 10 billion, and its net result was over PLN 700 million. This ensured Asseco's advancement by 7 positions in the ranking.

The year 2019 was very successful for Asseco - for the first time we generated PLN 10.7 billion in consolidated revenues and PLN 976 million in operating profit. In line with our strategy, we focused on the production of our proprietary software and provision of related services. Revenues from this business accounted for 81% of our sales­ ­- said Adam Góral, President of the Management Board of Asseco Poland.

Asseco has been growing intensively in foreign markets, where it generated nearly 90% of its sales in 2019. In addition, more than a dozen new companies joined the Asseco Group in 2020 alone, strengthening its position in international markets. In total, the software maker has already completed 90 acquisitions on five continents.

The justification highlighted double-digit increases in sales and net profit, while increasing employment levels. In addition, Asseco grew strongly in foreign markets, where it generated nearly 90 percent of sales.

On November 24, 2020 GPW Benchmark - an entity belonging to the Warsaw Stock Exchange Group responsible for developing the offer of reference indices for the Polish financial market - informed that the changes in the composition of WIG20 would take place on November 26, 2020 after the closing of the session.

Our strategy is focused on building long-term value of the Asseco Group. We consistently develop our business by pursuing a transparent communication policy. For us the promotion to the group of blue chips is a distinction and an expression of trust we have been working for years - said Artur Wiza, Vice President of the Management Board of Asseco Poland.

WIG20 has been calculated since April 16, 1994.

After three quarters of this year, the non-IFRS operating profit exceeded PLN 1 billion and was 17% higher. In turn, non-IFRS net profit, after an increase of 12%, amounted to PLN 303 million.
Thanks to a consistently implemented development strategy, the Group improved its results in all operating segments. In the Formula Systems segment, after three quarters of 2020, sales increased by 14% to 5.5 billion PLN and operating profit by 28% to PLN 446 million. The sales of the Asseco International segment increased by 9% to PLN 2.2 billion and operating profit went up by 6% to PLN 252 million. The Asseco Poland segment generated revenues of PLN 1.0 billion, which is 12% more than in the same period last year, while operating profit was 23% higher and amounted to PLN 155 million. Foreign markets represented by the Formula Systems and Asseco International segments were jointly responsible for 88% of the Group's revenues.
Asseco's revenues are very well diversified by sectors. After three quarters of 2020, the general business sector accounted for 38% of total revenues, banking and finance – for 37% and public institutions – for 25%.
In the third quarter of 2020 alone, the Group recorded sales revenues of PLN 2.9 billion, which marks a 7% increase. Operating profit went up by 15% and amounted to PLN 299 million, while the net profit attributable to shareholders of the parent company amounted to PLN 91 million, i.e. 16% more than in Q3 2019.
Asseco's consolidated order backlog for 2020 is currently worth PLN 11.3 billion and is 12% higher than in the corresponding period last year.

We closed the first three quarters of 2020 with double-digit revenue and profit increases, which we consider to be a great success in times of high uncertainty associated with the pandemic worldwide. We consistently pursue a strategy of strong diversification of our business. We are developing both organically and through acquisitions. During the first 9 months of 2020, several new companies joined our Group, which will strengthen our position on international markets. The acceleration of digitization processes in companies results in increased demand for solutions in selected IT areas, which allows us to sign new contracts and build a solid backlog for the current year and subsequent quarters. However, we approach the future with moderate optimism. Due to uncertainty related to the general economic situation, we can observe caution of our business partners in undertaking new investment projects. However, I hope that we will come away unscathed from this difficult time, said Rafał Kozłowski, Vice President of the Management Board of Asseco Poland.

Non-IFRS figures include 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.

Asseco was ranked 1st in the list of "The most dynamic exporters on the Warsaw Stock Exchange". Last year, the company generated PLN 10.7 billion in revenues, 89% of which was foreign sales, having increased by 19% compared to 2018. Foreign sales of nearly PLN 9.5 billion also earned Asseco 3rd place in the "Largest exporters on the WSE" ranking. The lists were prepared by the editors of the "Parkiet" daily.