Asseco Group grows dynamically and reports over PLN 7.2 billion in sales revenues for 2015
In 2015, Asseco Group generated its historically highest revenues and improved its key financial ratios. The Group’s sales exceeded PLN 7.2 billion, improving by 16% year on year. Operating profit increased by 17% to reach the level of PLN 745 million. Net profit attributable to shareholders of the parent company increased to PLN 366 million. Sales of proprietary software and services, which are significant for the company’s growth, amounted to PLN 5.8 billion and were 16% higher than in 2014.
Asseco Group once again managed to generate record-high sales revenues which exceeded PLN 7.2 billion in 2015, as well as operating profit which increased by 17% to the level of PLN 745 million. Another very successful year for Asseco Group is the effect of its profitable foreign investments, highly diversified customer portfolio, and continued development of own products and services.
The Group’s results for 2015 were most favourably influenced by dynamic expansion of its business in foreign markets. Foreign operations accounted for 76% of the Group’s consolidated sales by generating nearly PLN 5.5 billion in revenues, which is PLN 932 million more than in the previous year. Furthermore, our foreign companies earned PLN 130 million more in operating profit than in 2014.
Proprietary software is the key revenue driver of Asseco. Such revenues reached PLN 5.8 billion, improving by 16% year on year and representing nearly 80% of our total sales. The Group’s operations are well diversified into geographical regions and sectors of the economy. The General Business sector contributed the most or 39% to the Group’s consolidated sales; it was followed by the Banking and Finance sector – 37%, and the Public Administration sector – 24%. During the year 2015, the Group companies signed a total of 9,000+ new contracts.
“2015 was the most prosperous year ever in the history of Asseco Group. Our sales revenues reached a record level of more than PLN 7.2 billion, reflecting an increase by PLN 1 billion in comparison with 2014,” said Adam Góral, President of the Management Board of Asseco Poland. “The growing share of foreign operations in our revenue structure confirms that, a few years ago, the Group adopted the right development strategy. We are also very interested in further expansion of Asseco in the Polish market, and therefore we will continue the process of optimizing our local organizational structure that has been initiated last year. In 2015, we signed several promising contracts in Poland and expanded cooperation with our existing customers. In the coming years, we look forward to engaging in new projects in the public sector, which is expected to receive financing for IT projects within the framework of new funds from the European Union,” he added.
Asseco Group is recognized as a major player on the international IT market. In 2015, Asseco reinforced its high 6th position among the largest European software vendors according to the prestigious Truffle 100 ranking. Moreover, the products of Asseco have been placed in reports published by the industry’s leading research firms, such as Gartner, Forrester, and CELENT.
Asseco Poland continues to build significant value for its shareholders. During the year 2015, the company’s shares appreciated by 12.6% and the Management Board recommended to pay a record-high dividend.
“Strong financial results of the Group enabled us to recommend the payment of a hefty dividend and to allocate as much as PLN 250 million for this purpose. Thanks to our continuing growth and improving financial performance, Asseco has already distributed more than PLN 1 billion in dividends to its shareholders,” commented Adam Góral, President of the Management Board of Asseco Poland.
The Management Board has recommended paying out a dividend of PLN 3.01 per share of Asseco Poland, which translates into a dividend yield of 5.3% (calculated on the share price as at the end of 2015).