Asseco Group’s consolidated revenues up by 61% in Q1-Q3 2011

2011-11-21



Polish-based software developer, Asseco Group, ended the first three quarters of 2011 with consolidated sales revenues of PLN 3.52bn (€0.87bn), resulting in a 60.8% growth on a yearly basis. Over the period under review, the group increased its net profit by 22.3% to PLN 441.2m (€109.2m), while its operating profit after first nine months of 2011 amounted to PLN 504.4m (€124.5m).


The share of total revenues from overall sales coming from internel (Asseco-branded) solutions increased from 65% in Q1-Q3 2010 to 73% in the same period of 2011.



In the first nine months of 2011, the sales revenues generated in the domestic market went up by nearly 10% and totaled PLN 1.17bn (€0.26bn), accounting for one third of the group’s overall sales value. Approximately 83% of the group’s total sales in the Polish market was gained by its subsidiary Asseco Poland, while another one, Asseco Business Solutions, was responsible for around 10%.