Asseco in numbers
In 2020, Asseco generated sales revenues of PLN 12.2 billion, up by 14% versus 2019. The sales of proprietary products and IT services increased, compared to the previous year, by 11% and amounted to PLN 9.6 billion. Consolidated operating profit exceeded PLN 1.2 billion, and net profit attributable to shareholders of the parent company stood at PLN 402 million, which in both cases represents an increase of 25%. The Group recorded significant increases of results in all segments and sectors of its operations.
The Group generated better results across all of its operating segments. In 2020, foreign markets represented by the Formula Systems and Asseco International segments accounted for 88% of the Group's total revenues. The sales of the Formula Systems segment increased by 15% to PLN 7.6 billion, while operating profit improved by 30% to PLN 615 million. The Asseco International segment's sales revenues surged 10% to PLN 3.2 billion while its operating profit improved by 12% to PLN 389 million. The sales of the Asseco Poland segment reached PLN 1.4 billion, up by 18% year-on-year, while its operating profit was 40% higher and amounted to PLN 215 million.
Asseco's revenues, which were very well diversified by sectors in 2020, were distributed as follows: general business – 39%, banking and finance – 36% and public institutions – 25%.