Select region
en
Print

PLN 1.45 bilion in sales and nearly PLN 100 milion in net profit for the first 3 months of 2014. Financial results for Asseco

On 14 May 2014, Asseco Group announced its financial results for the first quarter of 2014. Sales revenues reached PLN 1.45 billion, growing by 8 percent as compared with the corresponding period of 2013.

On 14 May 2014, Asseco Group announced its financial results for the first quarter of 2014. Sales revenues reached PLN 1.45 billion, growing by 8 percent as compared with the corresponding period of 2013. Whereas, revenues from proprietary software and services improved by 11 percent to reach PLN 1.18 billion. Operating profit amounted to PLN 147 million, while net profit attributable to shareholders of the parent company was PLN 98 million.

Revenues generated by our proprietary software solutions continue to grow, accounting for as much as 81% of our total sales in the first quarter of 2014 (the remaining turnover included: 12% from hardware and infrastructure, and 7% from third-party software and services). Sales revenues are well diversified among our individual target sectors: general business – 41%, banking and finance – 34%, and public administration – 25%. In the analyzed period, the Group recorded an increase in revenues from its foreign operations which exceeded PLN 1.06 million, constituting almost three-quarters of total sales. 

During the first three months of 2014, the Group companies signed 1,359 contracts, of which as many as 628 in the sector of banking and finance. Furthermore, the Group carried out a number of significant projects for its key clients, including Tauron, Polkomtel, Orange Poland, and Social Insurance Institution (ZUS). Cooperation with the most demanding customers is a confirmation of our strong sector-specific competence.

One of the major events in the first quarter of 2014 was to sign an agreement for the implementation of Asseco Utility Management Solutions (AUMS) in Ethiopia – this is the first contract of Asseco Poland in Africa and also the largest deployment of Polish IT systems in that continent.

All of our significant events that took place during the first quarter of 2014 can be found on our website: inwestor.asseco.pl/go.php/en/reports/press_releases/2014/


Print