Press Office

Asseco owns companies located in more than 50 countries around the world. In 2016, foreign companies of the Asseco Group generated operating profit of PLN 511 million, by PLN 44 million more than in 2015.

The Asseco Group's revenues from the sales of proprietary IT solutions accounted for 82% of total revenues in the first quarter of 2017. The share of foreign markets in total revenues increased to 83% and amounted to PLN 1.7 billion. The structure of the Group's revenues is strongly diversified among sectors and was as follows in the first three months of 2017: 41% - general business, 38% - banking and finance, and 21% - public institutions. The Group grew especially dynamically in the ERP segment, with revenues 16% higher than in the corresponding period in the previous year in that area of activity.

In the first quarter of 2017, the revenues of the Asseco Group increased significantly, exceeding the level of PLN 2 billion. This is a result of dynamic development in foreign markets, whose share in the Group's total revenues reached 83%. In addition, we strengthened the presence of the Group in the ERP solutions segment - our companies operating in this area achieved very good results, we are developing Asseco Enterprise Solutions and we have decided on a new acquisition that will strengthen the Group's potential in this market. As far as the operating profit is concerned, it was strongly affected by worse quarterly results of the Israeli company Sapiens, which was a consequence of ending up work with a key client. In turn, the net profit was strongly affected by negative currency exchange rate fluctuations, especially in Grupa Formuła - said Rafał Kozłowski, Vice President of the Management Board of Asseco Poland.

Revenues' growth in the first quarter of 2017 resulted mainly from foreign markets, in which the Asseco Group operates. The Israeli companies maintained strong sales growth dynamics (22%) in the first three months of 2017, exceeding PLN 1.2 billion in revenues. It is worth noting that Sapiens strengthened its presence in the US market through the acquisition of insurer StoneRiver. In the South Eastern European market, revenues grew by 11%, thanks to the growth in payments, banking and integration segments. The Western European market recorded an increase of 2% in revenues on annual basis, thanks to focusing on selling proprietary solutions in Spain, Western Europe, and the African markets, in which Portuguese company Exictos operates. As part of the further reorganization of the Group's structure, Asseco Central Europe was delisted from the Warsaw Stock Exchange (GPW). Central Europe saw a significant increase in the sales of ERP systems with a decline in infrastructure revenues. In Poland, Asseco Business Solutions, which specializes in the ERP solutions, achieved satisfactory results.

The forum was attended by CEOs and deputy CEOs, directors and heads of the cooperative banks, as well as the representatives of the companies cooperating with them. Among them was Zbigniew Pomianek, Vice President of the Management Board of Asseco Poland, who additionally participated in the panel devoted to the PSD2 Direcive, which was one of the main topics of this year's meeting.In his speech he focused on the benefits the directive would bring to banks.

In our online banking, thanks to PSD2, we will be able to share information about accounts that clients have in other banks, said Zbigniew Pomianek.

The conference ended with a gala which awarded the laureates of the "Distinguished Cooperative Banks 2017" National Ranking. Asseco’s five clients were among the laureates, of which two - Bank Spółdzielczy in Brodnica and Bank Spółdzielczy Ziemi Kaliskiej - took 1st place in their categories.

Asseco is the largest Polish IT company. In 2016, the Group's revenues amounted to over PLN 7.9 billion, which represents a 9% increase on annual basis.

The agreement covers the implementation and the launch of PROMAK TS in the IT environment of GPW, and making the solution available to GPW's customers. It is a proprietary solution of Asseco Poland and it meets the requirements of the EU MIFID II Directive, which will become effective from the beginning of 2018 and will significantly change the distribution of financial products in Poland. Thanks to the implementation of the system, brokerage staff will receive a high-performance, modern and fully integrated solution that enables trading of financial instruments listed on GPW.

This is the first project of Asseco Poland implemented jointly with GPW. We hope that this agreement will help us with expanding the cooperation in the future, said Director of the Capital Markets Division in Asseco Poland Artur Trunowicz. In our product development the priority are not only technological requirements, but above all the expectations of the business side. Our goal in this project will be to modernize the solutions offered by the stock exchange and to simplify their administration. The best tool to achieve that goal is the implementation of the PROMAK TS system, which meets the requirements of the new MIFID II regulation,he added.

Under one system, GPW clients will gain the access to current market information, order management and brokerage firm risk. This will allow efficient and instant communication with the market and make it easy to control the flow of orders transferred. The solution will also offer the participants of GPW the access to the UTP transaction system both through a dedicated application and a web channel. Therefore, investors will be able to enjoy all the functionalities of the system at any time and place.

We have been cooperating with Asseco Poland for years as a solution provider for brokerage houses, but for the first time we are implementing a joint project for GPW. We have high hopes for this project and we hope that our clients will receive a modern and effective solution, said Dariusz Kułakowski, Member of the Management Board (CIO) of GPW.

According to the contract, the implementation of the PROMAK TS system will begin in the autumn of 2017. The launch is scheduled for January 2, 2018 - the first session day of the new year. Asseco Poland will also provide at least 3 years of service support for the solution.

The Asseco’s financial results were boosted particularly by the sales of proprietary software. The revenues in that category increased by 10% on annual basis to PLN 6.4 billion, and accounted for over 80% of total sales. In addition, the Group’s revenues are well diversified both when it comes to geographical regions and sectors.