Asseco beats estimates

23-02-2007, 16:23

Warsaw (Puls Biznesu) – Listed IT integrator surprised the market with results which beat very high forecasts.

Warsaw (Puls Biznesu) – Listed IT integrator surprised the market with results which beat very high forecasts.

 Asseco Poland group, the integrator of IT systems, mainly for the banking sector, had PLN 52.6m (EUR 13.5m) of net income and PLN 335m of sales in 2006. The results were, respectively, 120 percent and 54 percent higher than in 2005. Softbank, which was merged with Asseco in January 2007, also presented results better than expected. The company had PLN 75.7m of net income and PLN 496m of sales. Sales dropped from 533m while the income grew 130 percent.

The group had PLN 676m of orders at the end of 2006. Prokom Software is Asseco’s strategic investor.

(PLN 1 = EUR 0.257)

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