Asseco CE Financial Results: Revenues Increased by 5% in 2011

Asseco Central Europe, which operates in Slovakia, the Czech Republic and Hungary, has announced its consolidated financial results for 2011. The company’s total revenues came to EUR 133.49 million, which is 5% higher than a year earlier.

“The 2011 results confirm that the consolidation of the Czech company into Asseco Central Europe Group was successful. Moreover, I consider very positive the fact that the 5% rise in revenues resulted from organic growth of the company, rather than from mergers or acquisitions,” says CEO Jozef Klein.

In Slovakia, the company reaffirmed its strong position in the private sector, particularly in banking and finance. It intensified its activities in the e-health field and public sector. In the Czech Republic, Asseco Central Europe celebrated a success in the public sphere as it won the new strategic project to develop the Register of Rights and Obligations. Nevertheless, as in Slovakia, Asseco CE focused more, too, on the private sector in the Czech Republic.

Outstanding results were supported also by the subsidiary companies, such as Hungary–based Statlogics. That company, which focuses on developing credit scoring software, was building on the previous year’s success and, in addition to its activities in Russia, started new business also in Kazakhstan and Serbia.