Asseco Central Europe reaffirms its firm position in the region

Asseco Central Europe, which operates in Slovakia, the Czech Republic and in Hungary, has announced its consolidated financial results for 2010. The total volume of the company’s revenues reached EUR 127.3 million, which is 2.3% less than a year ago. With these results, the company has reaffirmed its solid position on the market of Central Europe, despite the unfavorable economic climate that prevailed in the region last year.

“The consolidated financial results for 2010 are a hopeful sign and the prospects for the future look promising,”were the comments of Jozef Klein, CEO of the group.

The total volume of revenues of the parent company Asseco CE in Slovakia reached EUR 31.3 million; the Czech branch 33 million.

Last year the company was awarded a number of major contracts. In the Czech Republic we became one of the members of a consortium charged with implementing the Legal Persons Registration project for the Czech Statistical Office.

At the end of 2009 and beginning of 2010 the company won a tender to supply a comprehensive system for Wüstenrot Group and another to implement the Comprehensive Information System project for the Supreme Audit Office of Slovakia. The company was also awarded the project to combine the information systems of two Slovak health insurance companies - specifically General Health Insurance Company (VšZP) and Mutual Health Insurance Company (SZP).

The group’s subsidiaries also did well. The Hungarian Statlogics became one of the leading suppliers of MigCredit, which is expanding its activities in microfinance into Russia. The Asseco Central Europe Group is entering the Russian market through Statlogics.