Asseco Poland posts PLN 136.2 mln net profit in Q1; order book at PLN 12.3 bln

"This is another successful period for Asseco. The group's stable growth is based on the broad diversification of its business - both in terms of product offerings, sectors served and geographical reach," Karolina Rzonca-Bajorek, CFO of Asseco Poland, quoted in the press release, said.

Rzonca-Bajorek added, that long-term relationships with customers and a significant share of recurring revenues strengthen the resilience of the business and allow Asseco to grow effectively and generate growth at every level of the income statement.

"We continue to increase the scale of the business and are active in the area of M&A. In the first quarter of 2025, 8 companies joined the group, operating in the Polish, Israeli, Spanish, Egyptian, and US markets. We also have a good outlook and backlog for the whole of 2025 in all segments of our business," she added.

In the first quarter of 2025, the Asseco Group generated sales revenues of nearly PLN 4.6 billion (EUR 1.08 bln), of which PLN 3.6 billion (EUR 847 mln) were sales of its own products and IT services.

Operating profit increased by 12 percent to PLN 470 million (EUR 110.6 mln) and net profit attributable to shareholders of the parent company increased by 9 percent to PLN 136 million (EUR 32 mln). The group increased the scale of its international operations through the acquisition of 8 new companies.

It was reported that the group's results are strongly diversified, with 88 percent of sales coming from foreign markets represented by the Asseco International and Formula Systems segments.

Sales revenues in the Asseco Poland segment increased by 7 percent and amounted to PLN 544 million (EUR 128 mln). Sales of the Asseco International segment stood at PLN 1.1 billion (EUR 261.2 mln), an increase of 11 percent compared to the first quarter of 2024.

"Higher revenues of this segment are a result of higher sales of solutions for finance in the Asseco South Eastern Europe Group, higher sales to the public sector of Asseco Central Europe companies in the Czech Republic and Slovakia, as well as good sales results of ERP solutions concentrated in the Asseco Enterprise Solutions Group," it was written.

It added that the Formula Systems segment, in turn, generated PLN 3.0 billion (EUR 705.9 mln) in revenue. This represents an increase of 7 percent compared to the same period in 2024. Good results, in reporting currencies, were reported by the companies Matrix IT, Sapiens International and Magic Software.

alk/ han/