Asseco Group
Fact Sheet H1 2022
The Asseco Group is present everywhere where technology and business impact everyday life. We are a federation
of companies which operate worldwide. It is led by Asseco Poland, which is one of the first startups established in Poland.
Asseco Poland is a leading Polish information technology company listed on the Warsaw Stock Exchange. With a market capitalization reaching ca. PLN 6.0 bn (about EUR 1.3 bn), the Company is included in the WIG20 index. It is also
the largest company listed in the IT industry index, WIG-informatyka.
Asseco Group in H1 2022
- Stable development of Asseco:
- increase in revenues by 22% to PLN 8 312 million
-
increase in operating profit by 38% to PLN 930 million
(increase in non-IFRS operating profit by 17% to PLN 964 million) - increase in net profit by 3% to PLN 249 million
(increase in non-IFRS net profit by 8% to PLN 271 million)
Presence in 60 countries
31.9 thous. highly committed employees
PLN 6.0 bn* market capitalization
PLN 279 m dividend payment for 2021
PLN 3.36 dividend per share for 2021
4.5% dividend yield
*As of August 29, 2022
- Strong business diversification (geographical, sectoral, product)
- 90% of revenues from foreign markets
- 43% of revenues - general business sector,
33% - banking and finance, 24% - public institutions - 77% of revenues from sales of proprietary software and services
Operating profit non-IFRS and net profit non-IFRS(m PLN)
Operating profit non-IFRS
+17% | 964.0 | |||
826.0 | 34.2 | |||
PPA & SBP | ||||
154.0 | ||||
& M&A & one-offs | ||||
PPA & SBP | ||||
& M&A & one-offs | ||||
929.8 | ||||
Operating | 672.0 | Net profit attributable | ||
profit | to shareholders | |||
of the parent company
Net profit non-IFRS
attributable to shareholders of the parent company
+8% | 270.5 | |
249.4 | ||
7.6 | 21.7 | |
248.8 | ||
241.8 | ||
H1 2021 | H1 2022 | H1 2021 | H1 2022 |
Key financial data published on a non-IFRS basis provide crucial information for assessing the financial position and business development of Asseco Group. They are complementary to data reported in accordance with IFRS standards.
Non-IFRS figures including adjustments for: the cost of amortization of intangible assets recognized in purchase price allocation (PPA), the costs of share-based payment transactions with employees (SBP), the revenues and costs resulting from the transactions of purchase and sales of companies (M&A) and one-offs (and tax effects associated with them).
asseco.pl inwestor@asseco.pl
Consolidated financial results non-IFRS
m PLN | Q2 2022 | Q2 2021 | Change | H1 2022 | H1 2021 | Change |
Sales revenues | 4 236.3 | 3 451.9 | 23% | 8 311.8 | 6 791.0 | 22% |
Proprietary software and services | 3 282.1 | 2 729.2 | 20% | 6 441.6 | 5 332.0 | 21% |
EBITDA non-IFRS | 623.4 | 550.0 | 13% | 1 245.2 | 1 062.8 | 17% |
Operating profit non-IFRS | 483.8 | 427.4 | 13% | 964.0 | 826.0 | 17% |
PPA & SBP | -89.0 | -78.0 | - | -178.8 | -154.0 | - |
M&A & one-off | 144.6 | - | - | 144.6 | - | - |
Net profit non-IFRS for the shareholders of the parent company | 146.6 | 133.2 | 10% | 270.5 | 249.4 | 8% |
PPA & SBP | -15.5 | -12.8 | - | -31.0 | -25.7 | - |
M&A & one-off | 9.7 | 19.2 | - | 9.3 | 18.1 | - |
Revenue structure - diversification into sectors and geographic segments
(m PLN)
33%
43%
24%
H1 2022 | % | H1 2021 | H1 2022 | % | H1 2021 | |||
Banking | 10% | Asseco | ||||||
2 784 | 19% | 2 347 | Poland | 838 | 12% | 751 | ||
and finance | ||||||||
segment | ||||||||
General | 67% | Formula | ||||||
3 574 | 29% | 2 770 | Systems | 5 546 | 27% | 4 366 | ||
business | ||||||||
segment | ||||||||
Public | 1 954 | 17% | 1 674 | 23% | Asseco | |||
institutions | International | 1 943 | 15% | 1 691 | ||||
segment | ||||||||
Sales revenues | 8 312 | 22% | 6 791 | Sales revenues* | 8 312 | 22% | 6 791 | |
* Data includes cross-sectoral corrections.
Strong order backlog for 2022
(m PLN)
Proprietary software and services
Fixed FX rates* | Floating FX rates** |
11 179 | ||
10 110 | ||
Asseco International | +9% | 2 277 |
2 093 | ||
segment | ||
Formula Systems | +12% | 7 499 |
6 715 | ||
segment | ||
Asseco Poland | +8% | |
1 302 | 1 403 | |
segment | ||
2021 | 2022 |
12 514 | ||
10 110 | ||
+12% | 2 339 | |
2 093 | ||
+31% | 8 772 | |
6 715 | ||
+8% | ||
1 302 | 1 403 | |
2021 | 2022 |
The value of the order backlog for 2022 as at August 19, 2022; the value of the order backlog for 2021 as at August 19, 2021.
- Translating the 2022 backlog at the FX rates used for the 2021 backlog.
- Translating the 2022 backlog at the FX rates as at August 19, 2022.
IR contact: inwestor@asseco.pl Joanna Paczkowska-Tatomir +48 667 662 161
.pl
Monika Chmielewska +48 885 899 725
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Disclaimer
Asseco Poland SA published this content on 30 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2022 16:19:08 UTC.