Stabilization in Asseco's results is taking place
15:51
The largest Polish IT company, following a record-breaking 2022, is maintaining a similar level of performance. It has managed to secure many contracts, but profitability remains under pressure.
In the second quarter, Asseco Group's revenues decreased by 1 percent to PLN 4.18 billion. The operating profit from a non-IFRS perspective (a preferred measure of profit for the company, excluding costs related to acquisitions and others) increased by 1 percent to PLN 488.3 million.
Representatives from Asseco emphasize that the business is growing, pointing out that nearly 1,500 employees have joined the group in the past year, including almost 300 in Poland. They also highlight the current contracted projects.
"The semi-annual results are in line with our expectations. At present, we do not want to speculate whether the results will improve or decline in the second half of the year. For the whole year, we expect stable results compared to the previous record-breaking year," Karolina Rzońca-Bajorek, Chief Financial Officer at Asseco, said.
