Financial results of Asseco Group for 2012
PLN 5.5 billion in sales revenues. Record-breaking cash inflows from operating activities. Operating profit reached PLN 650 million, while net profit attributable to shareholders of the parent company amounted to PLN 370 million.
In 2012, Asseco Group generated more than PLN 5.5 billion in sales revenues. Operating profit reached PLN 650 million, while net profit attributable to shareholders of the parent company amounted to PLN 370 million. During the analyzed period, the Group's operating activities generated record-breaking cash inflows of PLN 847 million.
Sales revenues reached PLN 5,529.1 million, surging by 11.5% as compared with 2011. Operating profit amounted to PLN 649.9 million, remaining at a comparable level as in the previous year. The Group earned a net profit of PLN 555.9 million. Whereas, net profit attributable to shareholders of the parent company amounted to PLN 370.1 million. Asseco consistently pursued its strategy to boost financial results by promoting sales of its proprietary IT solutions. In 2012, sales of proprietary software and services reached PLN 4,197.4 million and they accounted for 75.9% of our total turnover. Sales revenues were well diversified among our individual target sectors: Banking and Finance – 33.5%, Enterprises – 42.8%, and Public Administration – 23.7%. Last year Asseco signed many prestigious contracts. The total number of implemented contracts reached nearly 3000, once again confirming a wide diversification of our client portfolio.
During the past twelve months, the Group was joined by new companies which enhanced Asseco's competence in certain areas. In Poland, we concentrated on building up our integration company which is to operate in individual regional markets countrywide. Asseco South Eastern Europe successfully completed business acquisitions in the promising Turkish market, whereas Formula Systems took over companies in the United States and Israel.
Our strategy for organic growth and acquisitions helped reinforce the Asseco's position among the leaders of the European information technology market in 2012. As the only Polish group of IT companies, Asseco ranked in the top ten of the largest software vendors in Europe, taking the seventh place.
Our plans for 2013 anticipate continued expansion of Asseco Group. Asseco Poland is engaged in takeover negotiations with further companies in Poland and one company from Russia.
At the same time, Asseco South Eastern Europe seeks investment opportunities in Turkey. In parallel to ambitious investment plans, Asseco continues to focus on its core business, where the Group has a strong competitive advantage, this is the production and development of its own state-of-the-art IT solutions for the largest institutions in Europe and worldwide.