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Asseco Group generates PLN 4.4 bilion in sales and revenues and PLN 269 milion in the net profit in the first three quaters of 2014

In the first three quarters of 2014, Asseco Group generated PLN 4.4 billion in sales revenues or 8% more than in the comparable period of 2013. Net profit attributable to shareholders of the parent company reached PLN 269 million. Revenues from proprietary software and services increased by 6% to the level of PLN 3.6 billion. Operating profit amounted to PLN 459 million.

On 14 November 2014, Asseco Group published its financial results for the first nine months of 2014. Consolidated sales revenues reached PLN 4.4 billion, growing by PLN 320 million or by 8% as compared with the corresponding period of 2013. Asseco Group achieved such a favourable result by boosting its sales in four international markets, including in particular our Israeli subsidiaries whose revenues exceeded PLN 2.1 billion in the first three quarters of 2014, recording a 13% improvement year on year.

Foreign market operations accounted for 73% of our total sales, while the remaining 27% came from the Polish market. Apart from very good diversification in terms of geographical markets, the Group’s revenues are also well diversified among our individual target sectors, including General Business – 40%, Banking and Finance – 36%, and Public Administration – 24%.

Asseco Poland is firmly committed to its development strategy based on the sale of proprietary software solutions, which in the analyzed period generated over PLN 3.5 billion or 81% of our total revenues.

In the third quarter of 2014, Asseco Poland dynamically intensified its operations in the sectors of telecommunications, energy and healthcare. The company signed a contract for further development of an IT solution for the sale of products and services offered by Polsat Group, as well as continued the execution of projects under the Vendors Consolidation program at Orange Group. We concluded a number of agreements for the implementation of Asseco Medical Management Solutions (AMMS), among others for the hospitals in Częstochowa, Rybnik, and Jastrzębie Zdrój. Moreover, in the third quarter, we carried out successive projects within cooperative banking systems, including for Jastrzębie Zdrój Cooperative Bank, Nadsański Cooperative Bank, and Podkarpacki Cooperative Bank.

Asseco carries on working with its major clients and gets actively involved in new projects. During the past nine months, the Group signed more than 4,000 new contracts and agreements. In November 2014, our order backlog reached nearly PLN 5.8 billion and was 7% higher than a year ago.

In the first three quarters of 2014, the Group’s operations provided over PLN 502.9 million of cash.


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