Year 2012 in sign of stable revenues for Asseco CE

Asseco Central Europe, one of the strongest software houses in Central and Eastern Europe, announced consolidated financial results for the year 2012. Despite the ongoing economic crisis, it managed to reach total revenues in the amount of EUR 134.44 million, which is 1% more than last year. Sales of proprietary software and services accounted for 88% of total turnover. Whole international Asseco Group, founded in 2004 together with Asseco CE and Asseco Poland, and 7th economically strongest IT company in Europe[1], generated revenues in the amount of almost EUR 1.33 billion in the last year.

New projects in the field of state and public administration gained primarily in the Czech Republic contributed to the redistribution of revenues among individual sectors. Share of sales from banking, financial and enterprises sectors decreased in favour to the field mentioned above. Solutions for the financial sector are a historical domain of Asseco Central Europe. “In times when financial institutions - in an effort to save money - implement group solutions, we are even more trying to focus on efficiency, we initiatively generate new ideas resulting in quality improvement of services for customers, and consequently a successful transfer into real projects,” says Jozef Klein, CEO and Chairman of the Board of Directors of Asseco Central Europe, and adds: “thanks to this, even in this area we didn´t meet the most pessimistic scenarios of sales development on individual projects.”

Revenues of Asseco Group, of which is Asseco Central Europe a part, reached a level of EUR 1.325 billion, that represents an increase of 11.5% compared to 2011. Sales of proprietary software and services accounted for 76% of this amount. Asseco Group generated net profit in the amount of EUR 133 million. Asseco Group companies signed during the past year many prestigious contracts; number of implemented contracts reached nearly 3,000 once again confirming a wide diversification of the client portfolio. Asseco Group plans to anticipate the ongoing expansion also in 2013, mainly in Europe, but also beyond this region.

[1] Based on results of Truffle 100 ranking analyzing 100 best European software companies in terms of revenues from software development.