Press Office

The financial results of the Asseco Group for the first three quarters of 2018 are directly comparable with the corresponding period in the previous year. In August 2017, Asseco sold a portion of its stake in Formula Systems. It achieved a record-breaking net profit at the time, but on the other hand, the revenues and operating profit generated by the Israeli Group were not consolidated in August and September. In October 2017 Asseco regained the control over Formula Systems and since then it has included the Group's revenues and operating results again. Assuming the consolidation of Formula Systems' results throughout the whole third quarter of the previous year, thus ensuring comparability of results, the Group's revenues increased by 6% - the same applies to the sales of proprietary software and services. In turn, the operating profit increased by 23%.
The Asseco Group's revenues are diversified by sectors, and in the first nine months of 2018 they were divided into the general business sector (39%), banking and finance (40%), and public administration (21%). The Group is also geographically diversified and presents its results divided into three segments: Asseco Poland (Polish market), Formula Systems Group (Israeli market) and Asseco International (other international markets).

During the first three quarters of this year, we were satisfied with the results we achieved in the banking sector in Poland - the revenues in this area increased by 8%. Among other things, they were positively affected by the consistent development of the sales of our banking products abroad. Also noteworthy is the strengthening of the Asseco Group's presence on international markets. The Formula Systems Group's companies increased their sales and carried out interesting acquisitions in Israel and the US. The revenues in the Asseco International segment increased by 16%, largely thanks to dynamic growth in South Eastern Europe, especially in the payments area. In addition, Asseco Central Europe achieved significantly higher sales, among other things, thanks to the incorporation ofMacrologic, CEIT and DWC Slovakia into the Group, said Rafał Kozłowski, Vice President of the Management Board of Asseco Poland.

The basis for Asseco's operations and development strategy remains the sale of proprietary IT products and services, which in the past period amounted to over PLN 5.5 billion. This represents 82% of total revenues. Additionally, Asseco continues its cooperation with key clients and actively supports new projects. In November 2018, the order backlog amounted to PLN 8.8 billion and was by 6% higher than in the corresponding period in the previous year (assuming consolidation of Formula Systems' results in the whole third quarter of 2017).

During the fair we had the opportunity to present our new offer of systems for the energy sector, primarily used for energy billing - AUMS Billing Lite and AUMS Billing Smart. The choice of a specific solution is tailored to the expectations of a given company and depends on the size of its business. Independent energy suppliers receive a modern system that meets domestic and foreign market trends and allows for mass and cyclical settlement of electricity, gas fuel or cyclical services and additional goods. Pre-configured systems are offered at a competitive price and implementations last no longer than two months. As a result, the Asseco's offering is attractive for our clients and meets their real business needs, said Jerzy Popowicz, Business Development Director, Asseco Poland.

This year's European Utility Week trade fair was devoted to the areas of digitization, the shape of the energy market taking into account the requirements of low emissions and smart grids. The experts emphasized in their speeches, among others, the fact that the power grid must become more intelligent, which requires the implementation of innovative solutions in the field of big data and data analytics, as well as IoT. The energy market should also be more consumer-centred, offering clients new products and digital energy management tools.

The expansion of the IT service system of the hospital in Lębork with new functionalities will streamline the processes related to the hospital's operations, also in terms of legal requirements for keeping electronic medical records, said Robert Marzec, Sales Manager, Asseco Poland.

The implementation of the AMMS system is planned for the first quarter of 2019.

Thanks to the AMMS system, COZL will improve communication with its patients. They will gain access to electronic registration, will be able to fill in an online questionnaire before a visit to a doctor, and will also receive test results and be able to access to medical documents more quickly. All services will be implemented within the Medical Information Portal.

, said Director of COZL Dr. Jerzy Kuliński.

Additionally, a system will be launched in COZL, which will ensure connection with the Hospital Information System (HIS) from the level of mobile devices through a dedicated application. Asseco will also be responsible for updating and integrating the specialized medical (Cytostatic Laboratory) and administrative (Medical Equipment Register) applications used by the facility with the ERP and InfoMedica administrative systems.
The completion of the implementation is planned for the first quarter of 2019.

***

Asseco Poland is the largest Polish IT company listed on the Warsaw Stock Exchange (WSE). For 25 years it has been creating technologically advanced software for companies and institutions from key sectors of the economy. It is currently the largest IT company in Central Europe and the sixth largest software producer in Europe. It is a leader on the market of IT solutions for health care and a manufacturer of proprietary IT solutions used by over 450 hospitals in Poland, units of the National Health Fund, Blood Donation and Blood Treatment Centres, health resorts, as well as over 14,000 clinics and surgeries. Asseco successfully passed the Connectathon IHE marathon in The Hague in 2018. This is an official confirmation of Asseco's effective interaction with other IT solutions and their compatibility with IHE integration profiles. The use of IHE profiles is recommended by the European Commission and the Centre for Health Information Systems (CSIOZ).

This year's IT@BANK conference was devoted to current IT trends in banking and the impact of new technologies on the development of this sector. Zbigniew Pomianek, Vice President of the Management Board of Asseco Poland, took part in the discussion panel "Technology as a basis for banking business development". The main topic of the debate was the use of new technologies such as artificial intelligence or IoT in banking.

Strategically, one can win the market thanks to costs or a unique value - this is much more difficult because today everyone talks about technologies, so it is necessary to focus on their effective implementation, said Zbigniew Pomianek.

The participants of the panel were also Jarosław Hermann, Member of the Management Board of Bank Millennium; Karol Mazurek, Managing Director - Technology, Client Delivery, Financial Services, Accenture; Jowita Michalska, President of Digital University Foundation and Szymon Wałach, Director of Strategy and Digital Transformation Division and Retail Client Division of PKO Bank Polski.

The study took into account material published in the press, the Internet and social media during the period from July 1, 2017 to June 30, 2018. Over 52 million pieces of information were analyzed in this way. Among software producers, the Asseco brand appeared in various communication channels several times more frequently than the other brands included in the list.
The ranking covered 50 sectors most frequently appearing in the media, and as many as 500 brands were surveyed. 50 companies received the title of Top Brand 2018.
Full list of winners: topmarka.press.pl