Press Office

“Rzeczpospolita” daily has, for the sixth time, published the “Europe 500” list including the largest companies in Central and Eastern Europe and also prepared its third annual “Index of Success”, evaluating business prosperity and condition of the largest and most dynamic market players in this part of Europe.
Asseco Poland has been recognized as one of the three leaders of the Index of Success. The jury awarded the company with a statuette in the category of business growth and financial stability. The Estonian passenger and cargo shipping Tallink Group was honoured in the same category, while the copper giant KGHM won the category of outstanding achievement.
The Index of Success is composed of 30 companies selected from among 500 largest companies in Central and Eastern Europe as listed in the last year's edition of “Europe 500”. The awards were presented at this year's Economic Forum in Krynica.

Financial performance of the Asseco Group in the first half of 2012 was stronger than in the corresponding period last year. Sales revenues reached PLN 2.68 billion, growing 14 percent as compared with the first half of 2011. Revenues from sales of proprietary software and services increased by 20 percent to reach PLN 2.04 billion. Operating profit improved 6 percent to nearly PLN 372 million. The Group generated a net profit of PLN 204 million, outperforming the year-ago earnings by 11 percent.More and more revenues are generated by Asseco's foreign operations. In the first six months of 2012, sales generated outside Poland accounted for over 70 percent of total revenues, contributing 49 percent to consolidated operating profit. The largest revenue growth was reported by our companies operating in the Israeli market (an increase by 32 percent as compared to the first half of 2011) and in the Balkans (an increase by 11 percent).The Asseco Group continues to build and enhance the scope of its competence and expand its product portfolio. During the first six months of 2012, Asseco strengthened its presence in the U.S. market by acquiring a controlling stake in the company Exzac (fraud management software) as well as in the Israeli market by taking over Netwise Applications (website development). In Poland, our group of companies was joined by CK Zeto (data security, document management and archiving) and SKG (software for taxes, customs, and data auditing). Whereas, in the Czech Republic we acquired NZ Servis, a company specialized in the production of ERP solutions for customs agencies.In the first half of 2012, the Asseco Group signed as much as 1,100 contracts, while 500 projects have been successfully completed. The construction of a new IT center of Asseco Poland in Wilanów has been completed on time – today it is the only Warsaw's office of Asseco, being the place of work for nearly 1,000 employees.Our prosperity in business is also reflected in other fields – the sports teams sponsored by Asseco can be proud of their great successes. Asseco Resovia volleyball players won the first Polish championship title since 37 years, while our basketball team Asseco Prokom Gdynia reached for the gold for the ninth consecutive time.

Financial performance of the Asseco Group in the first half of 2012 was stronger than in the corresponding period last year. Sales revenues reached PLN 2.68 billion, growing 14 percent as compared with the first half of 2011. Revenues from sales of proprietary software and services increased by 20 percent to reach PLN 2.04 billion. Operating profit improved 6 percent to nearly PLN 372 million. The Group generated a net profit of PLN 204 million, outperforming the year-ago earnings by 11 percent.More and more revenues are generated by Asseco's foreign operations. In the first six months of 2012, sales generated outside Poland accounted for over 70 percent of total revenues, contributing 49 percent to consolidated operating profit. The largest revenue growth was reported by our companies operating in the Israeli market (an increase by 32 percent as compared to the first half of 2011) and in the Balkans (an increase by 11 percent).The Asseco Group continues to build and enhance the scope of its competence and expand its product portfolio. During the first six months of 2012, Asseco strengthened its presence in the U.S. market by acquiring a controlling stake in the company Exzac (fraud management software) as well as in the Israeli market by taking over Netwise Applications (website development). In Poland, our group of companies was joined by CK Zeto (data security, document management and archiving) and SKG (software for taxes, customs, and data auditing). Whereas, in the Czech Republic we acquired NZ Servis, a company specialized in the production of ERP solutions for customs agencies.In the first half of 2012, the Asseco Group signed as much as 1,100 contracts, while 500 projects have been successfully completed. The construction of a new IT center of Asseco Poland in Wilanów has been completed on time – today it is the only Warsaw's office of Asseco, being the place of work for nearly 1,000 employees.Our prosperity in business is also reflected in other fields – the sports teams sponsored by Asseco can be proud of their great successes. Asseco Resovia volleyball players won the first Polish championship title since 37 years, while our basketball team Asseco Prokom Gdynia reached for the gold for the ninth consecutive time.

IR Magazine, just as every year, compiled a European ranking of companies that maintain best communication with the capital market. Asseco Poland was mentioned among five leaders in the category of "Best Investor Relations in Poland". The podium was taken by Bank Pekao, PGE, and PKN Orlen.The prestigious IR Magazine recognized Asseco Poland for its outstanding investor relations for the fourth time.
The top prize in European investor relations was won by Allianz.IR Magazine Awards are international awards granted by industry monthly IR Magazine for excellence in investor relations. The winners are selected through an independent survey, including a questionnaire and phone interview, carried out among more than 700 investment portfolio managers and financial analysts across Europe. Based on their opinions, IR Magazine awards individuals and teams who demonstrated the highest quality in investor relations over the last 12 months.

The National Environmental Protection Fund chose, in an open tender procedure, the consortium of Infovide-Matrix and Asseco Poland to upgrade their SAP system. This project will also include the installation of SAP portal infrastructure and data warehouse.The consortium led by Infovide-Matrix submitted the best price offer and demonstrated all necessary references. Having combined their professional competence, both the companies managed to satisfy the customer's high requirements under this tender."We are very satisfied of winning the tender and a possibility to implement this project. I believe that cooperation between Infovide-Matrix and Asseco Poland will bring real benefits for the National Environmental Protection Fund, while it will also help improve operating processes performed by this institution," said Przemysław Kosek, Director at Infovide-Matrix S.A.The National Environmental Protection Fund is engaged in the financing (from domestic and European funds) of development and modernization of environmental protection infrastructure as well as in the implementation of pro-ecological projects. IT solutions used by the Fund are critical for the effective performance of these tasks.The National Environmental Protection Fund decided to upgrade its SAP system from version 4.6c to version 6.04 due to the expiring technical support periods and also in order to reduce IT maintenance costs. Under the project, the contractors will also prepare an innovative IT environment for the needs of future implementations, including the functionalities of managerial self-servicing and reporting from the data warehouse."The project will cover all the system modules used by the Fund and shall provide a good opportunity to analyze and streamline all the handled processes. An important part of the project will be to supply new IT infrastructure that will ensure both stable and efficient operation of the system," commented Katarzyna Bielazik, Sales Director at w Asseco Poland S.A."It is a quite difficult project for our institution and concurrently one of those few key projects closely supervised by our management. So far we are very pleased with the commitment and quality of work performed by the contractors as well as with overall level of cooperation," said Włodzimierz Hrymniak, Vice Office Director and Upgrade Project Manager at the National Environmental Protection Fund.As part of the project executed for the National Environmental Protection Fund, apart from upgrading the SAP system version, Asseco will also install and launch SAP Portal environment and supply hardware and virtualization tools, while Infovide-Matrix is going to deploy SAP Data Warehouse. The project completion (including the upgrade technical support period) is expected in December 2012.

President of the Office of Competition and Consumer Protection has not observed any restriction of free competition or creation of dominant position as a result of obtaining control over Sygnity by Asseco. These findings relate to all the markets in which both companies operate.The Office of Competition and Consumer Protection (OCCP) conducted a diligent research, performing a detailed analysis of the IT market. This involved gathering opinions of 47 providers of IT services as well as carrying out a survey among the largest clients in the market.The analysis performed by OCCP shows that neither Asseco nor Sygnity presently maintain a dominant position in any of the analyzed markets, and has excluded the possibility of gaining such dominant position by these companies operating jointly once Asseco takes control over Sygnity. Moreover, OCCP confirmed that the examined concentration of businesses would not in any way impede or restrict free competition in any of the analyzed markets.Obtaining OCCP's approval was a necessary condition to effect the tender offer to acquire up to 100% of shares in Sygnity as announced by Asseco in February 2012. However, this approval was granted after the said tender offer had been already terminated (without acquisition of any shares) as the maximum legally permitted period of 120 days to submit tenders to sell shares expired on 9 July 2012.Having obtained a positive decision from OCCP, Asseco Poland is going to entirely reassess the potential investment and its rationale, taking into account the financial results published by Sygnity after the announcement of the tender offer as well as alarming information about Sygnity as disclosed in recent days.