Press Office

Today, Asseco is not only the largest IT company in Poland and the region of Central and Eastern Europe, but also a global player - said Adam Góral, President of Asseco Poland. We have been developing both organically and through acquisitions. In addition, we have been constantly strengthening our sector competence and looking for innovative solutions - in 2019 alone we allocated nearly PLN 900 million for R&D. Thanks to this we create modern products that gain recognition of customers from around the world - he added.

Asseco has also initiated the “Asseco for Poland” project, under which it has undertaken a number of activities both in the country and abroad. Among other things, the company supports domestic entrepreneurs, integrates Poles abroad, and promotes Polish programmers.
For more about the project, see: https://dlapolski.asseco.com/

For the assessment of the financial and business situation of Asseco, the key information is the basic data published on a non-IFRS basis. These figures supplement the data reported in accordance with the IFRS* standard. In the first quarter of this year, non-IFRS operating profit increased by 13% to PLN 316 million, while non-IFRS net profit went up by 6% to PLN 95 million.

The first three months of 2020 were successful for the Group, even though the second half of March brought difficult conditions related to the coronavirus pandemic. The fact that we recorded an increase in revenues in all segments of our operations is, among other things, the consequence of good diversification of our business, which we have been consistently developing for years on a geographical, sector and product level. A rapid response to the situation related to COVID-19 allowed us to ensure the continuity of operations as well as the implementation of maintenance contracts and new projects contracted. It is difficult to predict the final impact of COVID-19 on our business in the coming quarters. On the one hand, we see an economic slowdown in some countries and sectors, but on the other hand, the importance of digitization is growing in all areas in which the Group operates. The examples include IT tools enabling remote operation and customer service, as well as cloud and cyber security solutions. Looking at our backlog for 2020, which at the level of revenues amounts to PLN 8.6 billion and is by 20% higher than the order book presented in May 2019, I hope we will cope well with this unprecedented time, said Rafał Kozłowski, Vice President of the Management Board of Asseco Poland.

The Asseco Group's revenues are diversified by sectors and in Q1 2020 they were distributed among the following segments: general business (40%), banking and finance (36%), and public institutions (24%). Asseco is also geographically diversified and presents its results by three segments. The Formula Systems segment generated 64% of consolidated revenues, while Asseco International - 26% and Asseco Poland - 10%.

The General Meeting of Shareholders of Asseco Poland, held on May 27, 2020, passed a resolution to pay out a dividend of PLN 250 million or PLN 3.01 per share. This means a dividend yield of 4.3% (as at May 28, 2020).

We have been sharing profits with our shareholders for years. Since 2007, we have paid out PLN 2.2 billion in dividends, and taking into account the payment from the 2019 profit, which will be made on June 17, 2020, that amount will exceed PLN 2.4 billion, commented Rafał Kozłowski.

*The non-IFRS figures include the adjustments for: the cost of amortization of intangible assets recognized under the combination settlement (PPA), the costs of share-based payment transactions with employees (SBP), the costs and financial revenues resulting from the transactions of purchase and sales of companies (M&A) and tax effects associated with them.

In addition, together with the National Cloud Operator, Asseco has provided an educational platform for universities free of charge under the "Partnership for Universities" program.
The company also cooperates with the Ministry of Digitization on the implementation of regulations enabling the introduction of video-verification as a remote identity authentication method (e-signature).

dailies.
Asseco, which employs nearly 27,000 people, was the only IT company to be among the top ten largest employers. The company also achieved the highest revenues and profits in its sector.
Among the companies listed on the Warsaw Stock Exchange (WSE), which were included in the "List of 500", Asseco ranked 17th. Investors believe in the company's development, which is demonstrated by its rising stock price.

The year 2019 was very successful for Asseco - for the first time we generated PLN 10.7 billion in consolidated revenues and PLN 976 million in operating profit. In line with our strategy, we focused on the production of proprietary software and provision of related services. Such revenues accounted for 81% of our sales, said Adam Góral, President of the Management Board of Asseco Poland.

Asseco is a leading European software producer. For almost 30 years it has been developing technologically advanced solutions for companies from key sectors of the economy. The company is present in over 55 countries around the world and employs nearly 27,000 people.

Spanish company Tecsisa joined the Asseco Group in 2019. It provides comprehensive software solutions to energy producers and retailers worldwide. It is present, among others, in Spain and South America - Mexico, Guatemala, Peru, Argentina. Its Kommodo platform, a native cloud and big data solution, designed specifically for the utilities sector, has already been implemented in global power company Enel, one of the largest utilities and also the world's largest renewable energy producer. It operates in 33 countries on 5 continents.

"We have been working with the Enel Group for many years, and now we will expand our cooperation to new countries such as Chile, Panama and Colombia. We are delivering the Kommodo platform in SaaS model (Software as a Service), which allows us to achieve higher operational efficiency for our customers while reducing operating costs," said Victor Ruiz, President of the Management Board of Tecsisa.

Asseco is strengthening its position in the power industry also in Eastern Europe. After winning a tender, Asseco Lithuania has signed an agreement for the maintenance and development of the billing system operated by state-controlled energy group lgnitis (Lietuvos Energija). In addition, the company has joined an ongoing tender for building a new billing system. The Lithuanian company is present in 4 countries: Lithuania, Latvia, Estonia and Poland.

"The Asseco Group has been consistently expanding in the utilities sector on international markets and strengthening its expertise in the area of CIS systems that improve sales, billing and customer service. We focus on functional solutions that offer flexible scalability and respond to new business, operational and technical requirements. This is one of the main challenges currently faced by power and utilities companies. The AUMS family of products developed by Asseco, combined with native cloud solutions delivered in the SaaS model, meets the broad needs of today's power industry" - said Paweł Piwowar, Vice President of the Management Board, Asseco Poland.

The Asseco Group manages over forty million electricity and gas consumption points worldwide. In Poland alone, over 60% of energy bills are generated based on AUMS, the family of proprietary solutions for the utilities sector.