Press Office

The project, developed by the Power and Natural Gas Department together with the Office for EU Projects, includes experimental research of a prototype system using a variety of environments and original methods and tools. Its results will be used to make business applications for electricity producers and distributors. These will be implemented and developed together with foreign companies from the Asseco Group in chosen international markets.
The total value of the project is PLN 20 335 279.98

Sales of Asseco Group’s proprietary software solutions continue to grow, accounting for as much as 81% percent of our total revenues in the first quarter of 2016. The Group’s revenues are well diversified into the following sectors: general business – 40%, banking and finance – 38%, and public institutions – 22%. In the first three months of 2016, the share of our foreign operations in the revenue structure increased to 80% percent, amounting to nearly PLN 1.5 billion. During the first quarter of 2016, Asseco Group signed 2,992 contracts.
“In the first quarter of 2016, Asseco Group recorded a strong revenue growth, especially in foreign markets where we generated nearly PLN 1.5 billion or 80% of our total sales. This also translated into a higher contribution of our foreign operations to the consolidated operating profit. Whereas, the Group’s net profit was affected by the following two factors: higher financial expenses in comparison to those incurred a year ago, and the growing share of profits of our foreign subsidiaries which, due to minority interests, are not fully reflected in the Group’s bottom line,” said Rafał Kozłowski, Vice President of the Management Board of Asseco Poland.
The Group’s sales revenues for the first quarter of 2016 increased primarily in the major markets of our operations. In Poland, favourable results were achieved by Asseco Business Solutions and Asseco Data Systems. Moreover, we continued to reorganize the Group’s local business structure as well as to cooperate with our key customers. A considerable contribution to the Group’s results was provided by our Israeli companies, which maintained a high revenue growth (18% year on year) by generating more than PLN 1 billion in sales for the first three months of 2016. In Central Europe, we saw positive effects of our earlier company acquisitions, economic improvement in the Czech Republic, as well as higher sales of ERP systems. These factors brought a 48% increase in sales in relation to the comparable period last year. In the South Eastern European market, we continued to expand our payment solutions business and significantly improved our revenues in the infrastructure segment. Our Western European operations achieved a 13% increase, owing to a favourable financial impact from the acquisition of Portugal-based Exictos and organic growth in Spain.

Among those present were Mateusz Morawiecki, minister of development; Zbigniew Jagiełło, CEO of PKO BP; Wojciech Jasiński, CEO of PKN Orlen; and Małgorzata Zaleska, CEO of the Warsaw Stock Exchange. Addressing the participants, CEO of Asseco stressed that economic patriotism is a matter of decency and is effective in Poland as well as in other countries around the world.'Economic patriotism boils down to an exercise in being a decent Pole. We pay taxes where the revenues arise, i.e. we recognize that a Pole should be a good Pole, but the same rule applies to Slovaks, Czechs, and other nations' - said Adam Góral, CEO of Asseco Poland. 'This is an unusual approach, because many corporations look for tax optimization. Whenever possible I try to choose Polish products and services, however the Czechs and the Slovaks shall have the same right. We can't tell anyone to pick 'our' goods and services. Another important aspect is to learn from those who are better - their nationality doesn't matter' - he added.

Asseco Group ranked 19th, with realized revenue of over PLN 7.2bn and a capitalization exceeding PLN 4.2bn. This allowed the company to jump 4 places in the 'Lista 200', compared with 2015.

Adam Góra, CEO of Asseco Poland, said: We paid around 0.5 billion PLN in corporate tax in Poland over the last decade and I am proud that we are supporting our economy in this way, too. Each company that belongs to the Asseco Group pays taxes in the country where it operates and obtains revenue.

The first project will be implemented for the benefit of Access Bank, one of the 5 largest banks in Nigeria. Under the terms of the agreement, ASN acting together with Asseco Poland, will implement Swift Confirmation Matching Module - part of the def3000/Treasury solution. This module allows for banking transactions to be closed by pairing them with the confirmation obtained from the Swift system. Estimated completion date is set for the third quarter of 2016.
The second contract was concluded with Wapic Insurance, one of the leading insurance companies in Nigeria. Asseco Software Nigeria together with Asseco Central Europe will implement the StarINS solution, a core insurance system that belongs to the Slovak company. Estimated completion date is set for the second quarter of 2017.
Africa is a strategic direction of development for the Asseco Group. I am glad that at Asseco Software Nigeria we are gradually building our position and winning new contracts in crucial sectors, such as banking and insurance. These two new contracts confirm the effective co-operation of the Group companies in foreign expansion - said Simon Melchior, CEO of Asseco Software Nigeria.
The implementation at Wapic Insurance is another contract within the insurance sector in Nigeria. In June 2015 ASN signed an agreement with Zenith Insurance, another of the market leaders. Under the agreement, ASN will implement its own solution called ASIRA, an annuity solution for Life Insurance companies. Estimated completion date is set for the second quarter of 2016.