Asecco achieved record results

Asecco achieved record results


The Group recorded significant increases in results in all sectors and sectors of activity.

Asecco achieved record results
Source: Asseco

In 2021, Asseco generated sales revenue of PLN 14.5 billion, an increase of 19% over 2020. Sales of proprietary IT products and services increased by 17% over the previous year and amounted to PLN 11.3 billion. Consolidated operating profit increased by 20% to PLN 1.5 billion. The net profit attributable to shareholders of the parent company amounted to PLN 468 million, i.e. increased by 17%. Non-IFRS operating profit was PLN 1.8 billion and was 21% higher, and the non-IFRS net profit was PLN 516 million, which is 14% more than in 2020.

The group achieved better results in all operating sectors, which was possible thanks to the focus on customer support in the face of the pandemic and taking advantage of opportunities related to accelerating digitization processes in companies and organizations. In 2021, the foreign markets represented by the Formula Systems and Asseco International segments accounted for a total of 89% of the group’s revenue. Sales of the Formula Systems segment increased by 23% to PLN 9.3 billion, and operating profit by 24% to PLN 760 million. In the Asseco International segment, revenue increased by 13% to PLN 3.6 billion, and operating profit increased by 12% to PLN 433 million. Sales of the Asseco Poland segment reached the level of PLN 1.6 billion, an increase of 9% over the previous year, and operating profit was 23% higher and amounted to PLN 263 million.

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“In the face of the ongoing coronavirus pandemic, the Asseco team has demonstrated great commitment, flexibility and ability to respond to customer needs and adapt to rapidly changing market demands. We have consistently implemented a strategy of geographic and sectoral diversification and business product diversification. We focused on selling our own software, providing related services, and increasing volume Our business through acquisitions.Last year, we were joined by 18 new companies operating in the Israeli, European and American markets.We also strengthened our position in the field of cybersecurity and clouds, which gained special importance after 2020. All this translated into strengthening our position in all sectors and sectors of activity. As a result, we achieved record financial results in terms of revenue and profit, while maintaining profitability,” comments Adam Jural, Chairman of Asseco Poland.

ACICO’s revenues, which were well diversified by sector, were distributed in 2021 as follows: Corporate – 40%, Banking and Finance – 35% and Public Institutions – 25%.

Asseco’s 2022 consolidated order backlog at variable rates in software and services currently owned is PLN 9.8 billion and is 28% higher compared to the same period last year. At constant rates at which the backlog of business for 2021 has been transferred, the increase is 18% to PLN 9.0 billion.

In 2022, our goal will be to maintain Asseco’s leading position in banking, insurance, energy, telecommunications, healthcare and general management. We are constantly focusing on further development in the field of our products and services. In addition to sector solutions, we will strengthen our position in ERP systems, payments and trust services. We will continue to invest in developing cloud products and cybersecurity services. We will continue to grow not only organically, but also through acquisitions. Of course, thinking about the development prospects for 2022, it is impossible not to mention the war in Ukraine, the long-term effects of which are difficult to predict today. Its early days have already shown how important it is to take care of the country’s cyber security and keep key systems and critical infrastructure running – added Adam Gural.

Asseco is constantly building value for shareholders and sharing its profits with them – so far it has paid out PLN 2.7 billion in dividends. This year, the company’s board of directors recommended paying PLN 279 million in dividends from the 2021 earnings, which means PLN 3.36 per share and constitutes 60% of the group’s net profit.

Compiled based on a press release

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