Press Office

For the purpose of assessing the actual financial and business position of the Asseco Group, data adjusted for the cost of additional amortization of intangible assets (PPA and SBP) recognized in connection with regaining control over the Formula Systems Group, are of key importance. Excluding this accounting effect, the Group's profits increased at double-digit rate: non-IFRS1 operating profit increased by 34% to PLN 500 million, while non-IFRS net profit* went up by 43% to PLN 181 million.

We achieved very good results in the first half of the year - the sales of the Asseco Group increased in all sectors and business segments. The Group's adjusted operating profit, which strips out the negative impact of additional amortization of intangible assets recognized in connection with regaining control over Formula Systems, increased by 34% versus the corresponding period of the previous year. Such positive results were achieved thanks to a very good situation in the banking sector, in which we carried out new orders to support adaptation to key changes in the law. Additionally, the Group's companies were performing more international implementations. The revenues increased in all of our business segments. We are particularly pleased with Asseco International, which achieved double-digit sales growth, and the companies comprising the holding have promising growth prospects, said Rafał Kozłowski, Vice President of the Management Board of Asseco Poland.

The Asseco Group's sales revenues are diversified between sectors - the general business sector accounts for 40% of total revenues, the banking and finance sector - for 39% and the public administration sector - for 21%. The Group is also geographically diversified and presents its results broken down by three segments: Asseco Poland (the Polish market), the Formula Systems Group (the Israeli market), and Asseco International (other international markets).In Asseco Poland's segment, the sales revenues increased by 7% to PLN 668 million. The operating profit improved significantly, as it went up by 69% on annual basis to PLN 120.5 million. These results were mostly influenced by Asseco Poland, which performed particularly well in the banking and finance sector. The public administration sector also saw a recovery.The Group's Israeli companies also had a good quarter. The revenues of Formula Systems increased by 3.0% on annual basis to PLN 2.6 billion. Sapiens increased its sales and profitability. In the first half of 2018, the companies from the Formula Systems Group bought new companies in the US: Adaptik, Alius Corp and PVBS. Adaptik offers software for the insurance sector, specializing in property insurance solutions. Alius Corp provides IT services in the area of regulatory compliance and security to financial entities in the US market. PVBS LLC deals, among other things, with the implementation and integration of ERP systems for governmental entities or entities providing services to the state, operating onthe American market.During the past 6 months, Asseco International, which is responsible for other international markets, increased its revenues by 16% to PLN 1.2 billion. Organic growth was supported by last year's acquisitions of Slovakian CEIT and Polish Macrologic. Additionally, in the second quarter Asseco International acquired a 66% stake in DWC Slovakia - a provider of document management software. The Asseco Group takes advantage of the significant growth in demand for ERP solutions in its region. It also develops its offering of advanced products for the industrial, banking, finance, and health sectors.

Asseco Poland's team in Bydgoszcz works on the development of one of the flagship systems for the power industry sector - Asseco Utility Management Solutions (Asseco AUMS). It also conducts interesting projects abroad, e.g. in Ethiopia, in the cooperation with the government agency Information Network Security Agency (INSA) or in Serbia, where it will soon implement the AUMS Digital system in the largest Serbian energy company.

We encourage all people who would like to work on interesting projects in the largest IT company in Poland to keep track of the job ads published on our website. We are especially looking for programmers, analysts and software testers, said Bożena Knitter, Director of the Production Department of the Power and Gas Division, Asseco Poland.

Asseco occupies three floors of the Arkada Business Park complex with a total area of over 3,000 m2, where comfortable office rooms, conference rooms and chillout zones have been built.

In the underground car park there are also facilities for cyclists, such as racks, changing rooms and showers, which will certainly affect the comfort of work in our office. It is worth noting that our new office is located in a very good location when it comes to public transport and not far from the airport and the railway station. The Bydgoszcz Agglomeration Bike stop is also located right next to the office, said Jacek Tomkiewicz, Director of the Administration Department, Asseco Poland.

The office building is equipped with modern water, energy and CO2 reduction management systems, as well as two independent power sources and a generator.The Asseco Group has been present in Bydgoszcz not only through the operations of Asseco Poland. Also the Social Benefits Division of Asseco Data Systems has its seat in the city, which originates from Przedsiębiorstwo Informatyki ZETO Bydgoszcz. It specializes in creating IT solutions for the Social Insurance Institution (ZUS) and the Farmers' Social Security Fund (KRUS). Asseco Data Systems also supports sports in Bydgoszcz, as the sponsor of Klub Sportowy PAŁAC Bydgoszcz's female volleyball team.

System combining innovative design, usability and wide range of functionality would allow Halyk Bank Georgia to push on to the next level of its clients servicing and successfully compete on financial market of Georgia. Its users are provided with the full information on their accounts, cards, deposits and loans, ability to register new accounts and apply for new banking products with preliminary profit and losses calculation. Functionality also includes all required payment operations, including utilities and other services payment, taxes, fees and other state duties. Clients can access e-banking solution through classical internet-bank on PC/laptop as well as using most of the modern mobile devices thanks to RWD technology.System is built based on modern micro-services architecture and for GUI unique mechanism of mini-applications is used, which allows users to customize view of personal dashboard themselves as well as for bank staff – to implement and launch new services for clients more quickly reducing “time to market”.Within the implementation project e-banking solution was integrated with core-banking system Colvir, card processing center UFC and payment system UCC in online mode to support clients with the most actual accounts’ data and instant transactions execution. The security of system access and payments is guaranteed by compliance with international standards of two-factor user authentication.The next phase of solution development will be corporate clients connecting to the e-banking platform. Thanks to Asseco CBP flexibility it would be done in the shortest time span by adding new mini-applications to the current running installation and user segmentation.

Nowadays financial services channels digitalization is being the key factor for bank development. And today together with Asseco Group we are pleased to offer our clients service satisfying the highest quality standards, available in 24/7 mode – mentioned Shota Chkoidze, Deputy of CEO, Halyk Bank Georgia.The Asseco Group provides software and services to banks in more than 30 countries. We have competence centers in Poland, Slovakia, Russia, as well as in the Balkans and Israel. The agreement with Halyk Bank Georgia is another step that strengthens the international position of our Group. It is also a good example of the fact that Polish IT products are appreciated and meet the high demands of the banks operating across Georgia – said Zbigniew Pomianek, Vice President of the Management Board of Asseco Poland.

***

Halyk Bank Georgia
The daughter company of JSC Halyk Bank — the largest universal commercial bank of Kazakhstan, which has been operating successfully so far for the benefit of its clients more than 95 years. The bank has been operating at the financial market of Georgia since 2008 and today offers wide range of bank services to its customers: retail and business loans, payment cards, payment-cash service, money transfers, remote banking services and other.Asseco
One of the largest software vendors in Europe (TOP-6), and number one provider of IT solutions in Central and Eastern Europe. The company has developed technologically advanced software solutions for all key sectors of the economy for more than 25 years. Asseco is presented in 54 countries worldwide and employ over 24 000 people. In Georgia group is presented by Asseco Georgia located in Tbilisi.More information on Asseco CBP: cbp.asseco.com

Asseco's cooperation with the Nigerian government administration takes place within the framework of an agreement concluded in 2017. The solutions that Asseco will provide will be the essential component of the Geographical Information System (eGIS) currently under implementation in the Lagos State. It will enable, among others, a more effective planning of this African region's development and management of land administration resources, as well as monitoring of environmental pollution.The launch of the training centre is the first stage of the project in Nigeria. The official opening was attended by a representative of the Ministry of Science and Technology of the Lagos State - Commissioner Hakeem Popoola Fahm and Simon Melchior, CEO of Asseco Nigeria. In turn, Asseco Poland was represented by Mr. Zdzisław Wiater, Director of the Security Sector Solutions and International Institutions Divisions of Asseco Poland and Tomasz Mosiej, Chief Architect of Unmanned Systems. During the visit to Nigeria, a meeting was also held with the representatives of the Nigerian Airspace Management Agency and the Nigerian Civil Aviation Authority to discuss the future operation of the unmanned aerial vehicles in the airspace of Nigeria.

The training centre developed by Asseco in Lagos is the first investment of its kind in the region and one of the first in Africa. Ultimately, it will train about 100 people per year. The scope of training will include the operation and use of multirotor platforms and airframes, as well as software support for building a digital terrain model. The workshops will be conducted by experts from Asseco Poland and Asseco Nigeria, said Zdzisław Wiater.

As part of the planned next stage of the project, Asseco will provide unmanned vehicles to perform long-distance photogrammetric missions over the Lagos State. The solution will also consist of two control stations - Asseco Ground Control Station (Asseco GCS) with software and the Asseco Universal Simulation Environment (Asseco USE), which is a flight simulation system. Asseco will also train the operators and conduct tests of the system operation.

***

Asseco Poland is the largest Polish IT company listed on the WSE and the 6th largest software developer in Europe. It has been providing companies and institutions with advanced products and services for over 25 years. It leads international Asseco Group, which operates in 54 countries and employs over 24,000 people. Asseco is a recognized provider of solutions for Polish uniformed services and has been increasingly active in the defense sector. The Company has gained its experience in carrying out projects for various clients, including the Ministry of the National Defense, NATO (eg. NATO Compiter Incident Response Capability) and Frontex. It uses the experience gained in projects implemented for international institutions in tenders resulting from the program of modernization of the Armed Forces of the Republic of Poland, such as: command system, image analysis system, micro and mini unmanned systems and information security systems.

The Central Processing System in CANARD supports automatic recording of traffic violations related to failure to comply with speed limits or red traffic lights. Under the agreement, Asseco will be responsible for technical support for CANARD infrastructure equipment in GITD, as well as for maintaining a software license. The contract will be performed for a period of 60 months.

Signing another agreement with the Chief Inspectorate of Road Transport is an expression of trust and a confirmation that we are very well prepared not only to develop systems that improve safety on Polish roads, but also to take care of their on-going and proper functioning, said Piotr Sitek, Deputy Director of the Public Administration Division, Asseco Poland.

The Central Processing System, developed by Asseco, was launched in June 2014. The project was co-financed by the European Regional Development Fund.

***

Asseco Poland is the largest Polish IT company listed on the Warsaw Stock Exchange (WSE) and the sixth largest producer of software in Europe. It leads international Asseco Group, which operates in 54 countries and employs over 24,000. Asseco is the largest producer of software for the public sector in Poland. The company has developed and implemented comprehensive systems for the Social Insurance Institution (ZUS), the Ministry of Interior and Administration, the Ministry of National Education, the Supreme Chamber of Control (NIK), the Central Statistical Office (GUS), the Agricultural Social Insurance Fund (KRUS), the Agricultural Property Agency (ANR) and the Institute of Meteorology and Water Management (IMiGW), among others. In addition, for many years Asseco has been a trusted partner for the power industry, telecommunication and healthcare sectors as well as uniformed services and local governments.

Thanks to the Open Finance Platform, customers will be able to use, among other things, miniaplications designed for businesses. One of the first ones will be dedicated to invoice processing and management, both from the point of view of the issuer and the recipient. In turn, the bank's employees will get an intuitive and fast tool that will provide them with full information about their customers, accept their applications or prepare a profiled marketing offer. OPF will be available to companies from the corporate sector, small and mid-sized enterprises, as well as to sole proprietorships.
The new solution will be created on the basis of an omni-channel platform that uses selected modules of Asseco Customer Banking Platform (Asseco CBP) and Asseco Advisory Banking Platform (Asseco ABP).

Currently, customers expect from their bank something more than just a favorable commercial offer. It is important to offer them services that enable them to process their financial documents in a comfortable, quick and, what is most important, secure manner. The Asseco's platform will support factoring services provided to existing clients and will also help us attract new customers,  said Piotr Karwiński, Director of the Transaction Banking Department at Bank Pekao S.A.Thanks to the experience gained during the implementation of solutions based on the omnichannel platform, we were able to offer our client a comprehensive solution for handling trade financing products. We have developed all of its functionalities specifically for this project. It is worth noting that the platform has been built in accordance with the "user-centered design" approach, i.e. in such a way as to meet the needs of the end user, said Maciej Przybyła, Deputy Director of the Commercial Banks Division and the Director of the Services Department at Asseco Poland.

The implementation is expected to be completed by the end of the first quarter of 2019.

***

Asseco Poland is the largest Polish IT company listed on the Warsaw Stock Exchange (WSE) and the sixth largest producer of software in Europe. It leads international Asseco Group, which operates in 54 countries and employs over 24,000 people. Software development for banks is one of the key areas of operations of Asseco Poland - the company offers solutions that follow the latest trends in global banking. Thanks to its experience and competencies, Asseco has implemented proprietary IT solutions (core banking engine) in over 800 banks.