Asseco's dynamic growth continues in Q3 2019
In the first three quarters of 2019, the Group's revenues increased by 16% and reached the level of PLN 7.7 billion. Operating profit amounted to PLN 715 million, which marked an increase by 28% versus the corresponding period in 2018. Asseco successfully continues its development strategy on foreign markets, where it generates 88% of its revenues. Asseco's core business is the sale of proprietary software and services, which, after a 16% increase, amounted to over PLN 6.3 billion.
The revenues of the Asseco Group are diversified by sectors, and in the first three quarters of 2019 they were the following: 39% (PLN 3.0 billion) generated by banking and finance, 38% (PLN 2.9 billion) by general business and 23% (PLN 1.8 billion) by public administration. Asseco is also geographically diversified and presents its results broken down by three segments: Formula Systems generated 62% of the Group's consolidated sales revenues (PLN 4.8 billion), Asseco International - 26% (PLN 2.0 billion), and Asseco Poland - 12% (PLN 0.9 billion).
Asseco Denmark is part of the Asseco International unit of IT companies.
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